Fishtown Flats

Property Description

On behalf of ownership, GREA extends to qualified investors the opportunity to acquire the fee simple interest in Fishtown Flats situated in the hip Olde Kensington neighborhood of Philadelphia, Pennsylvania. Built in 2019 and 2020, this two-building apartment complex consists of 135 residential units with an outstanding unit mix of 14% studio, 53% one-bedroom, 30% two-bedroom, and 4% three-bedroom units. All of the apartment units feature high-end kitchens, stainless steel appliances, modern baths, an in-unit washer/dryer and ample closet space. Olde Kensington has transformed from an enclave for artists and design professionals into a trendy, popular section of the City that attracts Philadelphia’s “hipsters” and “rich-sters.” It has become one of Philadelphia’s preferred neighborhoods for young professionals. This highly-desirable location shares its borders with the art and culinary neighborhoods of Northern Liberties, Fishtown, and East Kensington. Olde Kensington offers a unique, industrial atmosphere with factory lofts and an exciting nightlife with hip bars, restaurants, and boutique shopping. Residents of Olde Kensington enjoy convenient access to Center City via the Market-Frankford Elevated Subway Line. Fishtown Flats presents an outstanding opportunity to acquire 135 units in one of the most vibrant and trendy neighborhoods in Philadelphia.