Description
1837-41 N Gratz St,
Philadelphia,
PA
19121
Brand new 8-unit loft apartment building located in the surging 19121 zip code. Gratz Lofts is just off main campus at Temple University, a locally esteemed higher learning institution and athletic powerhouse. These loft apartments are entirely unique and have fully leased up for the first year of occupancy / fall semester 2021. Luxury interiors with exposed beams, huge ceilings, quartz counters, stainless appliances, skylights, oversized windows. Major curb appeal with a stately redbrick facade. Big rental upside opportunity for the new owner to raise Year 2+ rents as university life resumes normalcy. Turnkey multifamily asset. Ideal for 1031 exchange. The Property yields an attractive 6.9% pro forma cap rate w/ a full 10 year tax abatement.
Listing By: Compass Pennsylvania, LLC via Data Source: Bright MLS
2758515-PAPH2014580
MLS ID
Price History
date | price | variance | type | global |
---|
1/30/2022 | $1,925,000 | - | Sold | view listing |
listing agent: Ryan McManus