MLS® ID: PAPH512786
1716 CAMBRIDGE STREET
PHILADELPHIA, Pennsylvania, 19130 $1,950,000
1716 Cambridge St. is a 5 unit multi-family new construction building in red hot Francisville, scheduled to be completed by early summer 2019. Built by Grit Construction, one of the areas premier builders, the property will feature modern, high-end finishes and will have approximately 9400 square feet of residential living space. The estimated gross annual income is $143,400. Each unit is very spacious and will have 3 bedrooms and 3 full bathrooms. The two upper floor units will have roof top decks. All units will have separate utilities. All 5 units will have hardwood flooring, custom white cabinetry, custom tiled bathrooms, sprinkler systems, washer/dryer in unit, central air and heat, and stainless steel appliances. The location cannot be beat! This property is located in a Federal Opportunity Zone, it is a great opportunity for an investor to take advantage of the tax incentives! Walking distance to Center City and Fairmount! Also walkable to plenty of shopping, restaurants and nightlife! Easy access to all major area routes as well as bridges to New Jersey. 10 year tax abatement has been applied for as well! Schedule your walkthrough today!