Investor Package Opportunity to own three large two bed units at Victory West building, Washington Sq. West!!! Way below market value!! One of the best rental locations in the city, across the street from Jefferson Medical School. Elevator/Doorman Bldg with 24 hr front desk and fitness center for residents. Entrance to Starbucks from lobby. Unit 1003W Unit 903W and Unit 703W Current rental rates Units are each 1100 sq ft plus, with large bedrooms, 12 foot ceilings, double vanity bathroom with granite counters, modern kitchen with granite counters and island open to expansive living room with great natural light. Value added potential to substantially raise rental rates by upgrading units with hardwood floors and new fixtures. NOI without upgrades: $48,000 5.3% CAP Photos are of #1003W (other two are currently tenant occupied)
This is a rare find affordable Mixed Use property in North Chinatown area. Easy access to major highways, close to Chinatown, Broad Street, public transportation. Legally zoned as a commercial office with 2 apartments, currently use as duplex. The rent is under market value.