Listed by Joseph Siligato of Realty Mark Associates-CC
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: o 2 One-Bedroom Units o 1 Two-Bedroom Unit o 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 o $1,399,000 asking price o 4-unit new construction multifamily property o Approximately $8,000/month current rental income o Approximately $96,000 annual gross rental income o Remaining 10-year tax abatement 3 years remaining o 2 one-bedroom units o 1 two-bedroom unit o 1 three-bedroom unit o High-end finishes throughout o Upgraded appliance packages o Imported doors and windows o Energy-efficient construction and exterior materials o Turnkey, income-producing investment o Located in Graduate Hospital / 19146 o North of Washington Avenue o Walking distance to Rittenhouse Square, University City, and Schuylkill Banks o 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.

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