Built in 2019 and still benefiting from Philadelphia's 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants.

With an in-place NOI of $188,000 and an asking price of $2,450,000, the asset offers investors a 7.7% cap rate on actual income. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue's active redevelopment corridor--near new multifamily, community, and retail projects--positioning it for continued appreciation as the neighborhood matures.

Highlights

2019 Construction - Modern systems and finishes

100% Occupied - One commercial + six residential tenants

Tax Abatement through 2029 - Exceptional near-term yield

For Sale