Welcome to FISHTOWN FLATS, a boutique collection of four well-appointed 2bd/2ba+ spacious apartment residences in the coveted FISHTOWN section of Philadelphia, named by FORBES as the hottest area in America. This prominent four-story +/-7,000 SF building is developed by Philly's preferred builder of high-quality townhomes and condos, Riverwards Group. With 1,438-1,964 SF of open concept living space, residents at Fishtown Flats will comfortably enjoy the modern convenient lifestyle in Philly's hippest 'hood. 5-minute walk to prime Fishtown amenities like La Colombe, Frankford Hall Beer Garden, Wm. Mulherin's Sons, Front Street Cafe and more. Transit-oriented development (TOD) located within .2M of SEPTA's Market-Frankford El train into Center City. Attention to detail is present in each of the four units, with gourmet kitchens, dining rooms, living rooms, powder rooms (Units C+D), master suites with en suite bathrooms and walk-in closets and large spare bedrooms with accompanying full baths. Units C+D offer panoramic skyline roofdecks with sweeping city views, great for outdoor entertaining. Unit 1 offers a spacious rear yard. Features, finishes and fixtures (FFF) include authentic wide-plank hardwood flooring, custom cabinetry, deluxe stainless-steel matching appliances, oversized windows, quartz countertops, dramatic ceiling heights, spa-like bathrooms, designer tile selections, unique hardware and more. UNIT MIX: UNIT A: 1964 SF, 2bd/2ba, yard, Media/office rooms double as bedrooms, projected rent 2500/mo ~ UNIT B: 1438 SF, 2bd/2ba, full floor, projected rent 2100/mo ~ UNIT C: 1545 SF, 2bd/2.5ba, Bi-level, Roofdeck, projected rent 2500/mo ~ UNIT D: 1550 SF, 2bd/2.5ba, Bi-level, Roofdeck, projected rent 2500/mo. Projected rent roll = 9600/mo (115,200/yr), Projected expenses = 17,000/yr, Projected NOI = 98,000, Pro forma cap rate = +/-6, Sales price per unit (PPU) = 418,750. Common area includes bike storage, trash collection, patio, entry system. 10yr tax abatement. 1yr builder's warranty.
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