2826 Salmon Street, Philadelphia, PA, 19134, US

Salmon Street Apartments

자산 설명

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Salmon Street Apartments (the “Property”), a newly constructed, 52-unit apartment community located in the up-and-coming Port Richmond neighborhood of Philadelphia, PA.

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개요

단위 수

점유율

94%

건축년도

2023

임대 가능 면적

3,214 제곱미터

건물 수

미디어

투자 하이라이트

Up and Coming Port Richmond Neighborhood

A recent influx of young professionals have been drawn to the neighborhood due to its historic charm and affordability. The neighborhood offers a blend of traditional local eateries as well as trendy restaurants and cafes.

New Construction Opportunity Offered Below Replacement Cost

Redeveloped in 2023, Salmon Street Apartments preserves the character of the original buildings and incorporates Port Richmond's rich industrial history into its design.

Ample Room to Run

Redeveloped in 2023, Salmon Street Apartments preserves the character of the original buildings and incorporates Port Richmond's rich industrial history into its design.

Best-In-Class Design

Authentic architectural features include high vaulted ceilings, detailed moldings, and large windows providing ample natural light. Modern kitchens include stainless-steel appliances, granite countertops, subway tile backsplash, light gray modern cabinetry, LVT flooring throughout, and matte black hardware.

Full 10-Year Tax Abatement

The Property qualified for a full 10-year abatement of real estate taxes, providing an investor with outsized cash flow throughout their hold.