1343 FITZWATER ST Philadelphia, PA 19147

We are pleased to present an extremely rare opportunity to purchase a core investment property in the super-prime location of Hawthorne. The Center City location is in one of Philadelphia's most desirable and exciting neighborhoods. Fitzwater Flats is a best-in-class new construction luxury boutique building consisting of (4) one-bedroom units and (2) two-bedroom/two and a half-bath units with a private outdoor space. Each unit features modern finishes, fixtures, and features with high ceilings, high-end kitchens with quartz waterfall countertops, stainless steel appliances, modern baths, a washer/dryer, separate utilities, and ample closet space. The average in-place rent for a one-bedroom apartment is $2,250 and $3,200 for a two-bedroom. Ten-year tax abatement and condo conversion approvals are included with the sale. Ideal for a 1031 exchange or as an owner-occupied investment. Hawthorne is by far the hottest and most exciting residential market in the City of Philadelphia with an outstanding average occupancy of 98% to 100%. Located just steps from some of Phillys best theaters, restaurants, and shops, nearly every block of the neighborhood is filled with new construction townhomes and condominiums.