Welcome to 1710 Cambridge: a newly built, blue-chip real estate investment opportunity with assumable 3.7% agency debt (enquire within for details) through 2032. 1710 Cambridge is being offered substantially below replacement cost (land and construction costs) as an expertly designed new multifamily development in the Francisville section of Philadelphia, Pennsylvania developed by expert, industry-leading craftsmen and tradesmen. This cash-flowing, 8-unit apartment building with parking, skyline rooftop terrace and FULL 10 year tax abatement through 2029 is ideal for a 1031 exchange given the strong-growth rental submarket + asset appreciation forecast. Rental rates can likely increase by 10-15% once units turn over, with minimal capital expenditures needed. Furthermore, expenses can be trimmed by 10-15% with hands-on management —further boosting the return on investment for the property. This is a low maintenance, high growth asset. The Francisville location is coveted by renters and investors alike—walkable to Whole Foods, Septa train (Broad Street line) + Downtown Philly. 1710 Cambridge is surrounded by amenities, shops, bars, breweries, restaurants and cafes in adjacent neighborhoods (Fairmount, North Broad District, Brewerytown and Spring Garden). Enquire within for financials.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 1st December, 2023 4:19 PM (UTC)
Listing Agent: Ryan J McManus
Listing Office: Compass Pennsylvania, LLC
Attribution contact: 6106061095
MLS #3128271 & 3190100Team Freebery Covers DE & PA