Description
Nylon Lofts is a 15,000 SF boutique apartment building under construction in Phillys hottest location, Fishtown. Ideal for a 1031 exchange: 313,000 in projected annual income. Authentic character and charm resonate throughout the 12 unit Property, with exposed original brick and wooden beams. Spacious loft apartments outfitted with all of the modern finishes, fixtures and features. The apartments will lease themselves year over year. Year 1 pre leasing will commence Spring 2021 upon construction completion. 219,000 pro forma annual net operating income. Average rents projected around 2175/unit. This Building will lease up quickly and cash flow from Day One. Pre-CO Qualified Opportunity Zone (QOZ) asset. MAKE YOUR MOVE.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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15,000SQFT
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$277$/SQFT
Description
Nylon Lofts is a 15,000 SF boutique apartment building under construction in Phillys hottest location, Fishtown. Ideal for a 1031 exchange: 313,000 in projected annual income. Authentic character and charm resonate throughout the 12 unit Property, with exposed original brick and wooden beams. Spacious loft apartments outfitted with all of the modern finishes, fixtures and features. The apartments will lease themselves year over year. Year 1 pre leasing will commence Spring 2021 upon construction completion. 219,000 pro forma annual net operating income. Average rents projected around 2175/unit. This Building will lease up quickly and cash flow from Day One. Pre-CO Qualified Opportunity Zone (QOZ) asset. MAKE YOUR MOVE.
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