BHHS Fox & Roach-Center City Walnut
Investor alert: 1219 27th is located in the coveted new "Opportunity Zone." Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. This pristine 3372 SF fully-leased new construction triplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Cash flow and appreciation are guaranteed from day one. Each spacious unit features open concept living, high-design interiors, quartz countertops, pendant lighting, high ceilings, modern appliances and conveniences throughout. This secure boutique building features oversized energy efficient windows for dramatic natural light and significant curb appeal with its sibling buildings also developed by the builder next door (1215, 1211, 1221-7 27th). Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. 1219 27th is located less than 1 block from Brewerytown's booming Girard Ave commercial corridor with destinations like Pizza Dads, Crime & Punishment Brewing Co., cycle studios, yoga studios, cafes, bars, and other hip retailers. With over 80 new units on the block, 1219 27th is surrounded by tastefully-designed new developments, common amenities, Fairmount Park greenery and great access to public/mass transportation. This limited investment opportunity provides a strong 6.3-cap return with over 56k in projected NOI (net operating income). Pro forma financials and floorplans available upon request. Designed to "for sale" caliber specifications. 10 year tax abatement. 1 year builder warranty. Also available as a package with 1342 Marston, 1339 Marston, 1341 Marston for a total of 17 units in 4 buildings.