Arbor House" Fishtown (Forbes' Hottest 'Hood in America") 2324 & 2328 Memphis Street Phila Pa 19125 NINE (9) unit 3-story boutique condo building ~ 4 units available immediately (2324 Memphis) and 9 units (2324-2328) available to qualified buyers ~ fully-leased ~ ALL 2bd units w/ open concept layouts ~ Luxury-grade design: "for sale" caliber finishes fixtures features (FFF) ~ Roofdecks rear yard green building new construction 10yr tax abatement ~ ***Unit Mix: *2324A: 1bd/1ba + den + yard 964 SF 1600/mo *2324B: 1bd/1ba + den + yard 1006 SF 1600/mo ~ *2324C: 2bd/1ba 941 SF 1800/mo *2324D: 2bd/1ba + roofdeck 1077 SF 2000/mo *2328A: 2bd/2.5ba + yard 1557 SF 2000/mo *2328B: 2bd/2.5ba + yard 1649 SF 2000/mo *2328C: 2bd/1.5ba + roofdeck 1286 SF 1950/mo *2328D: 2bd/2ba 1040 SF 1700/mo *2328E: 2bd/1ba + roofdeck 1077 SF 2000/mo ~ ***Financials: Rent roll = 17 150/mo + (50/mo water) 205 800/yr ~ Expenses = 27 350 NOI = 178 450 ~ Pro forma cap rate = 5.6. ~ Sales price per unit (PPU) = 350 000 ~ Total project sales price = 3 150 000
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