Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern...
Transcript of Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern...
Q3OZ Philadelphia Portfolio
Agent PHL is pleased to exclusively offer this rare package of new construction multifamily properties located in the highly coveted Qualified Opportunity Zones of Philadelphia, Pennsylvania which are experiencing hundreds of millions in real estate investment to date. Each expertly designed apartment building is available pre-service; meaning, investors/buyers can qualify for QOZ tax deferral and investment benefits by purchasing the properties prior to final completion, or Certificate of Occupancy (CO). Ownership has built and stabilized comparable properties throughout the area with a track record of market leading design (architecture, unit size, layout, finish quality etc.) which translates to impressive leasing and rental performance. Each building is available to be purchased individually. 10 year tax abatement and 1 year builder warranty. Easy access into Center City Philly and University City, the region's two primary employment hubs. Close to Fairmount Park, the nation's largest urban park. Millennial driven submarket poised for rapid rent growth and appreciation.
Executive Summary
Ryan McManus
R.E. Salesperson – COMPASS [email protected]
Portfolio Summary
Total Portfolio: $4.75M
Address City, State Zip Price Opportunity Zone Property Type
2409 W Thompson St Philadelphia, PA 19121 $899,999 Yes Multi-family triplex
2411 W Thompson St Philadelphia, PA 19121 $574,999 Yes Multi-family duplex
2519 Cecil B Moore Ave Philadelphia, PA 19121 $799,999 Yes Multi-family triplex
2521 Cecil B Moore Ave Philadelphia, PA 19121 $824,999 Yes Multi-family triplex
2812 Cecil B Moore Ave Philadelphia, PA 19121 $849,999 Yes Multi-family triplex
1500 N 26th St Philadelphia, PA 19121 $799,999 Yes Multi-family duplex
2409 W Thompson StPrice: $899,999
Property Overview
New construction triplex in booming Brewerytown submarket of Philadelphia, Pennsylvania. This brand new multifamily property is located in the Qualified Opportunity Zone with a 10yr tax abatement + 1yr builder warranty. Tens of millions being invested in real estate development in this immediate vicinity. Two 2bdx2ba flats on 2nd + 3rd floor and one 3bdx3ba bi-level apartment on 1st floor and lower level. Generous outdoor space and roof deck. Brand new construction multifamily building developed by leading city builder. Unit 1 pro forma rent = 2,150. Unit 2 pro forma rent = 1,800. Unit 3 pro formal rent = 1,800. Pro forma annual income = 69,000. Pro forma annual expenses = 10,350. Pro forma NOI = 58,650. Pro forma cap rate = 6.5%. Can be packaged with neighboring property for five (5) total units contiguous for $1.5M. Completion August 2019.10yr tax abatement + 1yr builder warranty. Limited expenses. Strong rent growth and appreciation forecast in this area for years to come. Terrific opportunity for owner-occupied investment. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily. SF estimated. *Photos from similar property developed by builder; finishes and features will be highly similar.
2411 W Thompson StPrice: $574,999
Property Overview
Fully-rehabbed low maintenance duplex in fast growing Brewerytown area of Philadelphia, Pennsylvania. This renovated multifamily building is located in the Qualified Opportunity Zone with a 10yr tax abatement + 1yr builder warranty. Tens of millions being invested in real estate development in this immediate vicinity. Two spacious 3bd/2ba units: Unit 1 = lower unit with yard; pro forma rent $1,999. Unit 2 = top unit with deck leased for $1,999. Pro forma annual income = 47,976. Pro forma annual expenses = 7,740. Pro forma NOI = 40,236. Pro forma cap rate = 6.5%. Can be packaged with new construction triplex next door at 2409 (upon completion) for 1.5M total. Developed by leading city builder. Units are now leasing! Strong rent growth and appreciation forecast in this area for years to come. Terrific opportunity for owner-occupied investment. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily. SF estimated.
2519 Cecil B Moore AvePrice: $799,999
Property Overview
Brand new construction triplex just above the booming Brewerytown submarket of Philadelphia, Pennsylvania. Spaciously designed three- unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation. Easy access into major employment hubs Center City and University City. 10yr tax abatement + 1yr builder warranty delivered at settlement. Also located in Qualified Opportunity Zone which has already proven to spur widespread real estate development in this area. Pro forma cap rate: 8%. Can be packaged with similar new construction multifamily properties developed by same builder (identical building under construction next door at 2521 for instance!). Developed by leading city builder. Terrific owner-occupied investment opportunity; live in one unit and subsidize mortgage payments with rental income from the other two units! Drive by and witness the construction boom surrounding this site today!
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12 SFLAUNDRY
63 SFMASTER BATH
18 SFW.I.C.
137 SFMASTER BEDROOM
44 SFMECH
609 SFUNIT A
103 SFBEDROOM
76 SFHALL
11 SFCLST
22 SFENTRY
132 SFKITCHEN/DINING
201 SFLIVING ROOM
121 SFBEDROOM
42 SFBATH
613 SFUNIT A
22 SFCOMMON AREA
31 SFENTRY
553 SFUNIT B
31 SFCOMMON AREA
127 SFBEDROOM
14 SFCLST
114 SFKITCHEN
145 SFLIVING ROOM
39 SFBATHROOM
21 SFMECH
159 SFLIVING ROOM
43 SFKTICHEN
133 SFBEDROOM
13 SFCOMMON AREA
620 SFUNIT C
135 SFKITCHEN/DINING
7 SFCLST
12 SFMECH
14 SFCLST
136 SFBEDROOM
10 SFCLST
47 SFBATH
18 SFW/D
55 SFMASTER BATH
188 SFMASTER BEDROOM
22 SFBALCONY
23 SFW.I.C.
50 SFHALL
678 SFUNIT C
18 SFBALCONY
DESIGNBLENDZ ARCHITECTURE, LLP4001 MAIN ST SUITE 203PHILADELPHIA, PA 19127
T: 215.995.0228www.designblendz.com
*DRAWINGS ARE FOR DESIGN REFERENCE ONLY. DRAWINGS ARE NOT FOR CONSTRUCTION.
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ORIGINAL SHEET - ARCH D (24"x36") 7/10/2019 3:12:20 PM
UNIT PLANS
001DESIGN PRO DEVELOPMENT
2519 CECIL B. MOORE AVE11/19/2018
BASEMENT FLOOR PLANFIRST FLOOR PLANSECOND FLOOR PLANTHIRD FLOOR PLANFOURTH FLOOR PLAN
2521 Cecil B Moore AvePrice: $824,999
Property Overview
Brand new construction triplex just above the booming Brewerytown submarket of Philadelphia, Pennsylvania. Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation. Easy access into major employment hubs Center City and University City. 10yr tax abatement + 1yr builder warranty delivered at settlement. Also located in Qualified Opportunity Zone which has already proven to spur widespread real estate development in this area. Pro forma cap rate: 8%. Can be packaged with similar new construction multifamily properties developed by same builder (identical building under construction next door at 2519 for instance!). Developed by leading city builder. Terrific owner-occupied investment opportunity; live in one unit and subsidize mortgage payments with rental income from the other two units! Drive by and witness the construction boom surrounding this site today!
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12 SFLAUNDRY
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6 SFCLST
173 SFMASTER BED ROOM
36 SFMECH
622 SFUNIT A
113 SFBEDROOM
67 SFHALL
14 SFCLST
55 SFBATHROOM
11 SFCLST
6 SFCLST
27 SFWALKOUT PATIO
25 SFENTRY
198 SFLIVING ROOM
181 SFKITCHEN/DINING
132 SFBEDROOM
39 SFBATHROOM
6 SFCLOSET
656 SFUNIT A
31 SFW.I.C.
150 SFBEDROOM
49 SFBATHROOM
136 SFKITCHEN / DINING
11 SFW/D
162 SFLIVING ROOM
10 SFHALL
20 SFMECH
600 SFUNIT B 31 SF
COMMON AREA
133 SFBEDROOM
47 SFBATHROOM
20 SFCLOSET
153 SFKITCHEN/DINING
186 SFLIVING
13 SFCOMMON AREA
669 SFUNIT C
115 SFBEDROOM
36 SFW.I.C.
54 SFBATHROOM
18 SFMECH
9 SFLAUNDRY
54 SFMASTER BATH
191 SFMASTER BEDROOM
19 SFBALCONY
23 SFW.I.C.
71 SFHALL
726 SFUNIT C
16 SFBALCONY
DESIGNBLENDZ ARCHITECTURE, LLP4001 MAIN ST SUITE 203PHILADELPHIA, PA 19127
T: 215.995.0228www.designblendz.com
*DRAWINGS ARE FOR DESIGN REFERENCE ONLY. DRAWINGS ARE NOT FOR CONSTRUCTION.
DATE:
ORIGINAL SHEET - ARCH D (24"x36") 7/10/2019 3:10:31 PM
UNIT PLANS
001DESIGN PRO DEVELOPMENT
2521 CECIL B MOORE AVEXX/XX/XXXX
BASEMENT FLOOR PLANFIRST FLOOR PLANSECOND FLOOR PLANTHIRD FLOOR PLANFOURTH FLOOR PLAN
2812 Cecil B Moore AvePrice: $849,999
Property Overview
Brand new construction triplex just above the booming Brewerytown submarket of Philadelphia, Pennsylvania. Spaciously designed three- unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation. Easy access into major employment hubs Center City and University City. 10yr tax abatement + 1yr builder warranty delivered at settlement. Also located in Qualified Opportunity Zone which has already proven to spur widespread real estate development in this area. Pro forma cap rate: 8%. Can be packaged with similar new construction multifamily properties developed by same builder. Developed by leading city builder. Terrific owner-occupied investment opportunity; live in one unit and subsidize mortgage payments with rental income from the other two units! Drive by and witness the construction boom surrounding this site today!
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UNIT A
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UNIT C
12 SFLAUNDRY
80 SFMASTER BATH
6 SFCLST
173 SFMASTER BED ROOM
36 SFMECH
622 SFUNIT A
113 SFBEDROOM
67 SFHALL
14 SFCLST
55 SFBATHROOM
11 SFCLST
6 SFCLST
27 SFWALKOUT PATIO
25 SFENTRY
198 SFLIVING ROOM
181 SFKITCHEN/DINING
132 SFBEDROOM
39 SFBATHROOM
6 SFCLOSET
656 SFUNIT A
31 SFW.I.C.
150 SFBEDROOM
49 SFBATHROOM
136 SFKITCHEN / DINING
11 SFW/D
162 SFLIVING ROOM
10 SFHALL
20 SFMECH
600 SFUNIT B 31 SF
COMMON AREA
133 SFBEDROOM
47 SFBATHROOM
20 SFCLOSET
153 SFKITCHEN/DINING
186 SFLIVING
13 SFCOMMON AREA
669 SFUNIT C
115 SFBEDROOM
36 SFW.I.C.
54 SFBATHROOM
18 SFMECH
9 SFLAUNDRY
54 SFMASTER BATH
191 SFMASTER BEDROOM
19 SFBALCONY
23 SFW.I.C.
71 SFHALL
726 SFUNIT C
16 SFBALCONY
DESIGNBLENDZ ARCHITECTURE, LLP4001 MAIN ST SUITE 203PHILADELPHIA, PA 19127
T: 215.995.0228www.designblendz.com
*DRAWINGS ARE FOR DESIGN REFERENCE ONLY. DRAWINGS ARE NOT FOR CONSTRUCTION.
DATE:
ORIGINAL SHEET - ARCH D (24"x36") 7/10/2019 3:10:31 PM
UNIT PLANS
001DESIGN PRO DEVELOPMENT
2521 CECIL B MOORE AVEXX/XX/XXXX
BASEMENT FLOOR PLANFIRST FLOOR PLANSECOND FLOOR PLANTHIRD FLOOR PLANFOURTH FLOOR PLAN
1500 N 26th StPrice: $799,999
Property Overview
Brand new renovated duplex in the booming Brewerytown submarket of Philadelphia, Pennsylvania. Irreplaceable features include: parking (the ultimate urban luxury), park like setting, dramatic corner lot, strong in place rental income + more. This tastefully designed adaptive reuse multifamily property contains two units with an architecturally decisive exterior color and materials combination, 3rd floor addition and tons of natural light: 3 exposures including majority southern exposure overlooking Athletic Square Park. Both units are 3bd x 3ba apartments with off street parking. Unit 2 is a 1500 SF bilevel apartment with a skyline roof deck, currently leased for 2800/month. Unit 1 is a 1500 SF bilevel apartment with pro forma rent of 2500/month. Pro forma annual income: $63,600Pro forma annual expenses: $9,540Pro forma annual NOI: $54,060Pro forma CAP: 6.76%10 yr tax abatement and 1yr builder warranty. 24hr notice to show...