Views - New Construction
Address
1421 E Columbia Avenue Philadelphia, PA
Price
$ 6,500,000
Property Attributes
  • MLS#PAPH990002
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19125
  • NeighborhoodFISHTOWN
  • Zip19125
  • StyleContemporary
  • Year Built2021
  • Taxes5767
  • Price$ 6,500,000
  • Bedrooms18
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Compass Pennsylvania, LLC
Data Source:
Bright MLS
Property Description

The Columbia is a best in class boutique apartment building under construction in Fishtown, Philly's hottest location and most in demand residential submarket. With 412,800 in projected rental income, The 17 unit Property is ideal for a 1031 exchange and will cash flow from Day One. Spanning over 15,000 SF with elevator, common roof terrace and parking, The Property is outfitted with high design fixtures, finishes and features throughout. Pre leasing to commence upon construction completion Spring 2021. The apartments will lease themselves year over year. Pro forma annual net operating income of 347,820. Average rents projected around 2000/mo. Walkable to all of the city's best amenities and restaurants. 10 year tax abatement. Pre-CO Qualified Opportunity Zone (QOZ) asset. MAKE YOUR MOVE.

Price History
2/22/2021 Listed $6,500,000

General Features

Accessibility Elevator
Architectural Style Contemporary
Construction Completed Y/N No
Construction Materials Aluminum Siding, Brick, Combination
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 77
Garage Spaces 5.00
Garage Y/N Yes
Heating Central
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
Location Type Downtown
MLS Area 19125 (19125)
Municipality PHILADELPHIA
New Construction Yes
One Bedroom Units Count 7
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession 90-120 Days CD
Price Per Sq Ft 433.33
Property SubType Other
Property Type Multi-Family
PropertyCondition Excellent
Sewer Public Sewer
Single Room Units Count 5
Structure Type Interior Row/Townhouse
Subdivision Name FISHTOWN
Tax Annual Amount 5767.0
Tax Lot 310
Tax Year 2021
Total Units 4
Two Bedroom 4
Vacation Rental Y/N No
View City
Water Access Y/N No
Zoning IRMX

Interior Features

Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 15000
Three Bedroom Units Count 1

Exterior Features

# Of Attached Garage Spaces 5
Garage Features Covered Parking
Lot Dimensions 36.63 x 121.25
Lot Size Acres 0.10
Lot Size Source Assessor
Lot Size Square Feet 4441.00
Navigable Water Y/N No
Pool Y/N No Pool
Total Parking Spaces 5
Type of Parking Attached Garage
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19125

Price
AVG $1.23M
$6.5M
Taxes
AVG $4,500
$5,767
Visits
AVG 68
276
Year Built
AVG 1965
2021
Walkscore
AVG 90
90
Data Provided by Walkscore ® not using MLS data

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