The 10 units at Lippincott Alley are yet another example of Philadelphia’s most lucrative investment properties developed by the highly trusted real estate investment advisory firm, National Realty Investment Advisors, LLC (NRIA). Located at the heart of Center City, Philadelphia, these upcoming rental properties will be the ideal choice for both investors and tenants.
Here are some of the key highlights of Lippincott Alley:
Location – The best of the best
This super prime piece of real property is located in the heart of America’s Founding History – Olde City, Philadelphia. Olde City is one of the top 3 finest Philadelphia neighborhoods and its second richest city zip code. Bordering Penn’s Landing & Society Hill to the south, every amenity and job opportunity for your buyers or tenants that Philadelphia city life offers is right outside the door of the Lippincott Alley Townhomes.
Property Features – Tenants can’t say no to
With a gross living area of 4,752 square feet, 4 bedrooms, 4½ bathrooms, 2-car garage, a large 2nd floor balcony & a roof deck that offers a panoramic view of the city skyline, living at Lippincott Alley would be a dream, even for the most discerning of tenant. Other major highlights of the property include a finished basement, media room, sub-zero/wolf custom gourmet kitchens, 5th floor indoor wet bar with temperature controlled wine fridge, quartz counter top & imported cabinetry, and many more.
High Walkability
133 restaurants & cafes, 20 different bus & train lines, top Center City schools, are all in close proximity to NRIA’s Lippincott Alley townhomes. Plus, all public amenities and facilities are within a 5-minute walking distance. Naturally enough, this upcoming elite residential property has a near-perfect walk score of 95. Another key highlight of the property is that dwellers will get exposure to all the job opportunities available within the city.
Investment Property Benefits
Here is a breakdown of key figures to give investors a clear picture of all the benefits they will get if they invest in Lippincott Alley.
| Average building cost* | $1,770,000.00 |
| Average appraised value | $2,400,000.00 |
| Average equity profit | $630,000.00 |
Rental Benefits
| Average monthly rental cash-in income | $9,000.00 |
| Average monthly cash-out flow | $8,977.00 |
| Average positive cash flow per month | $23.00 |
| Average monthly principal pay down of mortgage | $2,974.50 |
| Average rent benefit per month | $2,997.50 |
| Annual net rent benefit for first year | $35,970.00 |
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