2537-39 MONTROSE Street
Property Description
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.
Broker Details
Realty Mark (215) 376-4444
MLS ID: 3182077 State License Number: RS316102
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,399,000 |
| No. of Units: | 4 |
| Year Built: | 2017 |
| Lot Size: | 5,200.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $349,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2677482
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