Description
In place 8 cap. Built in 2019 and still benefiting from Philadelphia’s 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants.The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue’s active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures.Highlights2019 Construction – Modern systems and finishes100% Occupied – One commercial + six residential tenantsTax Abatement through 2029 – Exceptional near-term yield
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
Description
In place 8 cap. Built in 2019 and still benefiting from Philadelphia’s 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants.The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue’s active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures.Highlights2019 Construction – Modern systems and finishes100% Occupied – One commercial + six residential tenantsTax Abatement through 2029 – Exceptional near-term yield
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