Cameron Crossley, Real Estate Advisor

11/27/2022

🏢 2438 N Mascher Street
🏷 $650,000
📍 Kensington
📈 6.94% Cap
📝 Tax Abatement + QOZ Benefits

JUST LISTED! The third of the collection is now ready for tours! Situated on a unique 18-foot wide lot, this build offers two spacious bi-level units with functional layouts that will prove to be a desirable option for renters for years to come.

With an approved 10-year tax abatement, potential QOZ benefits and a conservatively underwritten pro-forma, this multi-family asset is a terrific addition to an existing portfolio or a great turnkey option for the first time investor looking to reside in one unit and take advantage of owner occupant financing.

This can be included as a part of a portfolio sale for investors qualifying for a commercial loan structure.

Projected annual income of $53,040

Reach out today to set up your private tour. Pro-forma available upon request.

Portfolio Includes:

2453 N 6th St (PAPH2180432)
2513 N 7th St (PAPH2180428)
2438 N Mascher St (PAPH2180436)

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11/25/2022

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🏢 2453 N 6th Street
🏷 $635,000
📍 Kensington
📈 6.86% Cap
📝 Tax Abatement + QOZ Benefits

JUST LISTED! The second of three newly constructed multi-family assets going live this week is now open for tours! Located in the Kensington sub-market, this property offers quick commutes that appeal to many renter profiles. A few blocks from the Eastern half of the Temple University off-campus housing community and only a short 5-minute walk to Fishtown hotspots like Rowhome Coffee, Philly Brewing Co, and Pizza Brain - this duplex will appeal to student renters and young professionals alike reducing vacancy risk for the next investor.

Building has been approved for the FULL 10-year tax abatement and is eligible for QOZ benefits. This building can also be packaged in a portfolio sale with 2513 N 7th St (PAPH2180428) and 2438 N Mascher St (PAPH2180436).

Projected annual income of $51,240.

Reach out today to set up your private tour. Pro-forma available upon request.

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11/24/2022

🏢 2513 N 7th Street
🏷 $750,000
📍 Kensington
📈 7.13% Cap
📝 Tax Abatement + QOZ Benefits

JUST LISTED! Opportunity to acquire a newly constructed triplex in one of Philadelphia’s fastest growing sub markets. This build sits on a unique 97 foot deep parcel, which allowed the developer to offer spacious units with functional layouts, providing a level of differentiation when compared to similar rentals nearby.

Building has been approved for the FULL 10-year tax abatement and is eligible for QOZ benefits.

Projected annual income of $62,880.

Reach out today to set up your private tour. Pro-forma available upon request.

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06/25/2022

JUST LISTED! Opportunity to acquire a recently renovated, fully occupied duplex at the center of Temple University’s off campus community! One of the most desirable blocks for student housing, this building features a rare 1:1 bedroom to bathroom ratio, which is highly sought after for student renters. The lower level 2BR/2BA unit is currently rented for $1400 and the upper level 4BR/4BA has a lease in place for $2800. Each unit has leases in place through July 2023 with opportunity to increase rents in the coming years. The building was completely renovated in 2020 to include high quality LVT flooring, Quartz countertops, Central HVAC, new water heaters, keyless entry, and smart home security features throughout.

This property can also be purchased as part of a package offering with 1914 N 17th Street, located right around the corner. Reference PAPH2116764 for that listing. Current annual income is $51,840.

🏡 1727 Arlington St
🏷 620,000
📈 6.77% Cap
📝 Leased through July ‘23

06/23/2022

JUST LISTED! Welcome to 3122 Livingston Street - a charming single family home located in the heart of Port Richmond. Completed renovated in 2014, this property features newer mechanicals and modern upgrades throughout. The property has been held as a cash flowing rental property for the past 8 years with zero vacancy but would also make for a terrific starter home. This one will NOT last and is priced to move. 3126 Livingston settled less than a week ago for $300,000! 👀

Join for an Open House this Saturday from 1-3PM! 3D available upon request.

#19134

🏡 3122 Livingston Street
🏷 $260,000
📝 Leased through 08/31/22

06/22/2022

Instagram

JUST LISTED! Opportunity to acquire a recently renovated, fully occupied duplex at the center of Temple University’s off campus community! One of the most desirable blocks for student housing, this building features a rare 1:1 bedroom to bathroom ratio, which is highly sought after for student renters.

The lower level 3BR/3BA unit is currently rented for $2100 and the upper level 4BR/4BA has a lease in place for $2120. Each unit has leases in place through July 2023 with opportunity to increase rents in the coming years. The building was completely renovated in 2020 to include high quality LVT flooring, Quartz countertops, Central HVAC, new water heaters, keyless entry, and smart home security features throughout.

This property can also be purchased as part of a package offering with 1727 Arlington Street, located right around the corner. Reference PAPH2116768 for that listing. Current annual income is $52,320.

#19121

🏡 1914 N 17th St
🏷 615,000
📈 6.50% Cap
📝 Leased through July ‘23

04/08/2022

JUST LISTED! A rare opportunity to acquire two fully occupied multi-family assets only steps from one another and located on one of the most desirable blocks for off-campus student housing. This portfolio sale includes a total of 2 buildings, 5 units, and 16 beds. The package is currently being offered at a $1,025,000 and a market cap rate of 7.82%.

Each building is located in the heart of the off-campus student community and offers a short walk to all nearby academic buildings. This turnkey investment offers tremendous upside while simultaneously offering the stability of strong rental history. Four of five units have executed renewals or new lease contracts in place through July 2023. The building is professionally managed by TPR Homes.

1820 W Berks is also being offered as a standalone sale.

Contact today for a private tour, pro forma review, or additional information!

#19121

03/15/2022

JUST LISTED! Only one unit remaining in this new construction triplex!

The lower level 3BR/3BA unit offers a bi-level footprint, spacious living area, recessed ceiling speaker system throughout, upgraded kitchen package and private outdoor space.

Not sure if this is THE ONE? We currently have 15 new construction rental listings available for immediate move in with more than 20 in the pipeline. All units will have 3D tour and floorpans available for review.

Cameron Crossley
610.468.7733
[email protected]

#19122

03/12/2022

03/05/2022

https://www.inquirer.com/real-estate/navy-yard-philadelphia-redevelopment-mosaic-ensemble-oxford-20220301.html

Mosaic Development Partners and Ensemble Real Estate Investments have joined up with Oxford Properties Group for the project ― the latest in a wave of new laboratories and biotech developments.