OFF-MARKET 1031 REPLACEMENT PROPERTY, UNIVERSITY CITY, PHILADELPHIA

Price: $1,250,000 | T-12 NOI: $85,093 | Cap Rate: 6.8% | $208K/unit | $277/SF

– 6 units, 4,512 rentable SF, new construction (2020)
– 100% occupied
– 10-year real estate tax abatement through 2031
– Unit mix: 2 studios, 2 one-bed/1.5-bath, 2 two-bed/2-bath
– In-unit washer/dryer
– About 0.3 mi to the 46th St Market-Frankford Line station; close to Penn and Drexel
– Gross scheduled rent $9,021/mo ($108K/yr)
– Delivered free and clear (existing debt is not assumable)
– No on-site parking (street parking)

Why it works for exchangers: a stabilized, low-capex, newer building with in-place income from day one. It’s a clean fit for a 45/180-day timeline.

Offered directly by the developer/owner, PCG Investment (Philly Capital Group). Rent roll and T-12 available on request.

Contact: Mihir Kothari, Principal | 302.562.2199 | mihir@pcginvestment.com