National Reality Investment Advisors, LLC present their newly constructed luxury townhomes in South Philadelphia as the property of the week. Located in the Queen Village section of South Philadelphia, the Market Square complex constitutes 18 luxury townhomes, which are surrounded by established residential neighborhood. Market Square is surrounded by 8th, Christian, and Montrose streets on its three sides.
Each townhome is a spacious 3 story building with a gross living area of 2000-2720 square feet. With 3 bedrooms, a well-equipped kitchen with branded appliances, 3 European travertine tiled bathrooms with high-end fixtures, a finished basement, and a one car rear garage with a common drive through, these luxury townhomes are ideal modern luxurious dwellings.
A beautiful neighborhood with aesthetic interior furnished with highest standards put Market Square complex’s townhomes among the best realty investment options in Philadelphia, PA area. Nestled amidst the popular residential areas of South Philadelphia, these townhomes will never be short of quality tenants. Also, all these qualities and amenities will offer a luxurious living experience for dwellers.
Another major highlight of these new luxury townhomes is their nearness from the public places and amenities. Nearest bar, coffee shop, restaurant, park, grocery and transit store, all the within half a mile from the Market Square complex. The Complex is also quite near from the Southeast area of Center City Philadelphia. With a Walk Score of 97, NRIA’s new townhomes are walker’s delight.
Built at a total cost of $397,258, each townhome’s final appraisal value is $609,105. So, a built-in equity profit of $211,846 makes Market Square Complex’s townhomes a high return real estate investment. Other than an assured high equity return, here are the rental benefits associated with each of these luxurious dwellings:
|Average monthly rental cash-in income||$2,776|
|Average monthly cash-out flow||$2,395|
|Average positive cash flow per month||$380|
|Average monthly principal pay down of mortgage||$545|
|Average rent benefit per month||$926|
|Annual net rent benefit for first year||$11,120|
Because of constant hike in the property prices and rents, by the end of the 5th year the net rent benefit will be close to $25,000 annually on this income producing property.
If you are interested in buying an investment property, then partnering with NRIA in it will be highly profitable for you. All the equity and rental benefits mentioned above are on clients’ small investment of $11,900 + 100% financing. Follow us on twitter or visit our website to know more about our investment plans.
Property of last week: NRIA’s Property of the Week: Townhomes at North American & Bodine Street