How many other cities has a condominium for cars ?
The Parkominium is a very unique real estate opportunity in Philadelphia.
We have been marketing the Old City Parkominium and its interest is starting to grow. How many other cities have this type of real estate in their markets ? I know that in New York City it exists and they will sell for up to $250K but am unsure about other markets. The location is one of the premier parts of Philadelphia as can be seen below.
The Parkominium has covered parking listed for $26,500. The prices are expected to increase in September. The parking is either used for residents or business owners and investors that rent them out. The current rents are $175. What investors love about the opportunity is that the investment is maintenance free and the on-site management company will find tenants for the owners due to the great demand of parking in Old City.
The building offers 24/7, 365 days a year valet and 24/7 secured parking. The valet attendents will always bring the cars up and down one of the 2 elevators. There are also spots available on the ground floor.
Chris and Stephanie Somers RE/MAX Affiliates www.thesomersteam.com Philadelphia, PA 19106
Comments(4)