2541 Montrose St, Philadelphia, PA 19146

Description

This offering consists of 4 units located in the highly sought-after Graduate Hospital neighborhood. This is a rare opportunity to acquire turnkey, newly constructed rental units in 19146, north of Washington Avenue. Each unit was carefully designed with a high-end resident in mind, featuring top-of-the-line finishes, premium flooring, upgraded appliance packages, and imported doors and windows. The building also features energy-efficient doors, windows, and exterior construction.

The property is fully rented, generating $7,873 per month in rental income, totaling $94,476 in annual gross rental income. The unit mix consists of Unit A (3 bed/2 bath) rented at $2,678 through 7/31/2027, Unit B (1 bed/1 bath) rented at $1,675 through 7/3/2027, Unit C (1 bed/1 bath) rented at $1,645 through 7/30/2027, and Unit D (2 bed/2 bath) rented at $1,875 through 5/30/2027.

The building will be sold with the remainder of its 10-year tax abatement. Conveniently located just off Grays Ferry Avenue, the property is within walking distance of Rittenhouse Square, University City, and Schuylkill Banks, with easy access to public transportation and I-76. Do not miss this rarely offered investment opportunity in one of Philadelphia's most desirable neighborhoods. Offering Memorandum available upon request.