Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
2017
Sq.Footage
5,200
Turnkey 4-Unit New Construction Investment — Graduate Hospital, Philadelphia Rare Investment Opportunity | 19146 | North of Washington Avenue Asking Price: $1,399,000 Rare opportunity to acquire a turnkey, newly constructed 4-unit multifamily property in Philadelphia’s highly sought-after Graduate Hospital neighborhood. Located in 19146, north of Washington Avenue, this modern income-producing asset offers investors the opportunity to acquire a recently constructed property with strong rental income and the benefit of the remaining 10-year tax abatement. The property features four thoughtfully designed residential units, including: • 2 One-Bedroom Units • 1 Two-Bedroom Unit • 1 Three-Bedroom Unit The units feature high-end finishes, premium flooring, upgraded appliance packages, and imported doors and windows. Energy-efficient doors, windows, and exterior materials further enhance resident comfort and operating efficiency. The property is currently generating approximately $8,000 per month in rental income, representing approximately $96,000 in gross annual rental income. Investment Highlights • $1,399,000 asking price • 4-unit new construction multifamily property • Approximately $8,000/month current rental income • Approximately $96,000 annual gross rental income • Remaining 10-year tax abatement 3 years remaining • 2 one-bedroom units • 1 two-bedroom unit • 1 three-bedroom unit • High-end finishes throughout • Upgraded appliance packages • Imported doors and windows • Energy-efficient construction and exterior materials • Turnkey, income-producing investment • Located in Graduate Hospital / 19146 • North of Washington Avenue • Walking distance to Rittenhouse Square, University City, and Schuylkill Banks • Convenient access to public transportation and I-76 Income Snapshot Asking Price: $1,399,000 Current Gross Rental Income: $96,000/year Gross Rent Multiplier: Approximately 14.57x Gross Yield: Approximately 6.86% Cap rate and NOI should be calculated once annual operating expenses, insurance, utilities, maintenance, management, and other property expenses are confirmed. Investment Opportunity This offering presents an opportunity to acquire a modern, newly constructed multifamily asset in one of Philadelphia’s established and highly desirable residential neighborhoods. The combination of new construction, multiple residential units, current rental income, high-end finishes, and the remaining tax abatement provides a compelling foundation for both investors seeking current income and those focused on long-term appreciation.
Features & Amenities
Interior
-
Total Bedrooms
7
-
Bathrooms
N/A
-
Above Grade Finished Area
5200.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1,510
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Other
Price
-
Sales Price
$1,399,000
-
Tax Amount
$3,863
-
Sq. Footage
5,200
-
Price/SqFt
$269
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Tax Lot
216
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Joseph Siligato, Realty Mark Associates
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Salesperson, Realtor
Jen Deater
Call Jen today to schedule a private showing.
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