Under contract
ACTIVE UNDER CONTRACT
1710 Cambridge St
Philadelphia PA, 19130
$2,600,000
$226.09 per sqft
Under contract
ACTIVE UNDER CONTRACT
8 Beds
11,500 sqft
Residential
Built in 2019
Welcome to 1710 Cambridge: a newly built, blue-chip real estate investment opportunity with assumable 3.7% agency debt (enquire within for details) through 2032. 1710 Cambridge is being offered substantially below replacement cost (land and construction costs) as an expertly designed new multifamily development in the Francisville section of Philadelphia, Pennsylvania developed by expert, industry-leading craftsmen and tradesmen. This cash-flowing, 8-unit apartment building with parking, skyline rooftop terrace and FULL 10 year tax abatement through 2029 is ideal for a 1031 exchange given the strong-growth rental submarket + asset appreciation forecast. Rental rates can likely increase by 10-15% once units turn over, with minimal capital expenditures needed. Furthermore, expenses can be trimmed by 10-15% with hands-on management --further boosting the return on investment for the property. This is a low maintenance, high growth asset. The Francisville location is coveted by renters and investors alike--walkable to Whole Foods, Septa train (Broad Street line) + Downtown Philly. 1710 Cambridge is surrounded by amenities, shops, bars, breweries, restaurants and cafes in adjacent neighborhoods (Fairmount, North Broad District, Brewerytown and Spring Garden). Enquire within for financials.
PAPH2308020
MLSⓇ ID
December 27, 2023
Listed
February 21, 2025
Updated
Interior Features
Total Stories
4
Bedrooms
8
Appliances
Electric Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.07 Acres
Architectural Style
Contemporary
Roof
Fiberglass
Sewer
Public Sewer
School Information
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Other Property Details
Area Name
PHILADELPHIA
Taxes
$2,384
Tax Frequency
Annually
Days on Market
7
Garage
No
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
LEGAL 8-PLEX
Listed by Compass Pennsylvania, LLC
Listing Contact: 6106061095
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Data last updated on 2/21/2025 at 12:36 AM UTC