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 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/21/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/21/2025 at 12:36 AM UTC

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