Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern...

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Q3OZ Philadelphia Portfolio

Transcript of Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern...

Page 1: Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation.

Q3OZ Philadelphia Portfolio

Page 2: Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation.

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]

Page 3: Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation.

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

Page 4: Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation.

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.

Page 5: Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation.

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.

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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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UNIT C

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.

DATE:

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

Page 7: Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation.

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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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

Page 8: Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation.

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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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

Page 9: Q3OZ MULTIFAMILY PORTFOLIO · Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation.

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...