43 units new construction near UPENN, Penn Medicine, Drexel! Ideal opportunity for 1031 Exchange or OZ investment pre-CO. Currently leasing up! 10 year full tax abatement. 43 market rate apartments. (18) 1BRs, (11) 1BR+DEN, (14 ) 2BR, and 10 parking spots in rear. Amenities include green roof with skyline views, fitness center, community lounge, bike storage, wifi, lobby with package area, elevator, smart locks, 10 parking spots in rear, and modern and professional finishes throughout. Tons of light and closet space. Most units with breakfast bars and Juliet balconies. All units come with washer/dryer, central air, quartz counters, stainless steel appliances, luxury LVT flooring, brand new kitchens, baths and fixtures throughout. Tons of PENN and Drexel graduate students and working professionals in this area! Tremendous value appreciation and rent growth potential!

Information

Price: $12,000,000

Days On Market: 123

Taxes

Tax Year: 2022

Tax Amount: $1,016

Listing Agent: Ilya Rabovetsky

Listing Office: REDBLOCK Realty Inc.

Attribution contact: 2153315252

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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: 18th May, 2024 5:06 AM (UTC)