2339 N College Ave

Sharswood, Philadelphia, PA 19121

Welcome to 2339 n. College Ave, a rarely offered 4 unit multi family building in BREWERYTOWN brought to you by one of Philadelphias top boutique development firms, AXE PHILLY. Property highlights include 7-Years left on the a FULL 10 Year Tax Abatement, 7% CAP RATE with $92,400 in Gross Income, an opportunity to legalize parking in the year as this parcel runs street to street sitting on a 16 by 109 LOT, designer finishes, and a FULLY FURNISHED UNIT 1 that was previously being used as a short term rental. These apartments adhere to the highest building standards and boast top-quality finishes. With lofty ceilings and expansive windows, natural light floods each unit, imbuing them with a uniquely luxurious ambiance. Step into luxury with vinyl wood flooring throughout, complemented by sleek, modern touches. Each unit boasts a well-appointed kitchen equipped with stainless steel appliances, quartz counter tops that run up the backsplash, catering perfectly to culinary enthusiasts. All four units feature 2 bedrooms and 2 bathrooms, spanning from the basement to the third floor, with convenient laundry facilities and private outdoor space for each unit. Unit 1 - Located in the basement with 2 bedrooms, and 2 bathrooms for $1,800/mo. with walk out patio. (projected as currently setup as a short term rental)Unit 2 - Located on the 1st floor with 2 bedrooms, and 2 bathrooms, with backyard access for $1,950/mo.Unit 3 - Located on the 2nd floor with 2 bedrooms, and 2 bathrooms for $1,850/mo. with private deckUnit 4 - Located on the 3rd floor with 2 bedrooms, and 2 bathrooms, with roof deck patio access for $2,100/mo. (projected, tenant just moved out)TOTAL- $7700/mo. or $92,400 a yearSituated across from Girard College, enjoy added security with the wide street and enhanced street lighting. Explore the vibrant nightlife and dining scene of Girard Ave, just a short 2-minute stroll away and less than 1 mile from the Art Museum, Whole Foods, and Fairmount Park. Rent growth is inevitable with over 100+ permits pulled in the area (see photo attached)