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10 Units-FAIRMOUNT MULTIFAMILY-Turnkey 2007 Cambridge St 10 Unit Apartment Building $5,550,160 CAD ($555,016 CAD/Unit) 6.17% Cap Rate Philadelphia, PA 19130
Investment Highlights
- HIGH BARRIERS TO ENTRY SUBMARKET
- TOP 10 USA MSA—RENT GROWTH
- #1 DESTINATION IN WORLD TO VISIT IN 2026—PHILLY
- NEW CONSTRUCTION MULTIFAMILY
- 10 YR TAX ABATEMENT
- AMENITY/TRANSIT RICH LOCATION
Executive Summary
2007 Cambridge presents a turnkey real estate investment opportunity in a leading rental submarket (Fairmount) within a Top-10 USA MSA (Philadelphia, PA) as a fully-leased, newly constructed multifamily property with ten (10) well-appointed apartments. Each 2bd x 2ba residence features a slick and minimalist design package with ample square footage, washer/dryer in-unit, soft wood floors, central air and an abundance of natural light with floor-to-ceiling windows. Canno-designed curb appeal radiates from the curb-to-the-cornice with striking architectural detail — a proper, brick-clad apartment building — built to last. This ±12,800 SF boutique building is sited on a quiet street in the beloved Fairmount neighborhood where extremely high barriers-to-entry exists in terms of apartment building acquisition availability. 10 year tax abatement. Minimal OPEX. Enquire within for financials.
Property Facts
| Price | $5,550,160 CAD | Building Class | B |
| Price Per Unit | $555,016 CAD | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 12,800 SF |
| Cap Rate | 6.17% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM1 | ||
| Price | $5,550,160 CAD |
| Price Per Unit | $555,016 CAD |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 12,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 10 | - | 1,080 - 1,130 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 291012615 | Improvements Assessment | $294,647 CAD |
| Land Assessment | $73,662 CAD | Total Assessment | $368,309 CAD |
Property Taxes
Parcel Number
291012615
Land Assessment
$73,662 CAD
Improvements Assessment
$294,647 CAD
Total Assessment
$368,309 CAD
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10 Units-FAIRMOUNT MULTIFAMILY-Turnkey | 2007 Cambridge St
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