240 Girard AvePhiladelphia, PA 19125

This exceptional Class A, 11-unit apartment building at 240 East Girard Avenue in Philadelphia, Pennsylvania, presents a compelling investment opportunity. Built in 2024, this four-story building boasts 6,900 square feet and offers a compelling price per square foot of $398.55 and a price per unit of $250,000. The property is zoned CMX2, allowing for a variety of uses. Currently in lease-up, this building benefits from strong rental demand in the vibrant Fishtown neighborhood, known for its culinary scene and thriving commercial and residential landscape. The building features desirable ground floor commercial spaces with excellent street visibility, enhancing its overall value and rental income potential. The asking price is $2,750,000, projecting a 7.32% pro forma cap rate. A significant advantage is the inclusion of a 10-year tax abatement, further enhancing the investment's attractiveness. Detailed financial information is available upon request. This property is part of a larger portfolio of three boutique mixed-use buildings in Fishtown, offering a unique opportunity for investors seeking a high-return, low-risk investment in a prime Philadelphia location. The building's location within the top 10 US MSAs adds to its long-term investment potential.