3901 Kensington - newly renovated transit oriented boutique multifamily

This Property is a brand new renovation located right next to the Septa El train (Erie/Torresdale station) for the ultimate urban convenience. It's a 9 unit mixed-use building with a 10 year tax abatement, loft style interiors, open spacious layouts + design driven finishes. The recession-proof commercial units are both leased + operating on a triple net basis (NNN) while the apartments are now leasing as the Asset reaches Year One stabilization. This is a rare 7% cap rate investment sale in Philadelphia's fast growing Kensington submarket, just outside of the downtown urban core - just a 20-minute subway ride to City Hall!