Eastern Lofts | Philadelphia, PA
Sands Investment Group and Greysteel are Pleased to Present For Sale the Eastern Lofts Multi-Family in Philadelphia, PA. This Opportunity Includes Multi-Family apartments positioned in the highly sought after Brewerytown section of Philadelphia, providing residents with access to the neighborhood’s thriving dining and nightlife scene as well as attractions like the Philadelphia Zoo and Art Museum.
- 37-Unit Urban Apartment Community Located on the Corner of Cecil B Moore Avenue and Glenwood Avenue in the Brewerytown Neighborhood of Philadelphia
- Property Consists of 24 Two-Bedroom Units, 10 One-Bedroom Units, and 3 Three-Bedroom Units. Additionally, the Property Features 11 Commercial Spaces, 32 Garage Parking Spaces and 10 Storage Units
- A New Owner Will Benefit From an In-Place 10-Year Tax Abatement Expiring in 2022
- Property is Being Offered Free and Clear or With the Assumption of the In-Place Loan
- Untapped Performance Upside – Rents at Nearby Renovated Apartment Buildings Achieve up to $700 Per Month More Than Those at Eastern Lofts
- Desirable Location – Positioned in the Highly Sought After Brewerytown Section of Philadelphia, Providing Residents With Access to the Neighborhood’s Thriving Dining and Nightlife Scene as Well as Attractions Like the Philadelphia Zoo and Art Museum
- Connectivity – Situated Within a Minute Walk to Various SEPTA Bus Routes; Residents Have Access to the SEPTA Route 15, a Streetcar Line That Runs Through Brewerytown and Connects Girard Station, Providing Residents Quick Access to Center City Philadelphia
View Similar Investment Opportunities
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
