Tuesday, 26 May 2015

NRIA’ Property of the Week: Fante Leone Place Townhomes

Located in the Bella Vista neighborhood of South Philadelphia, Fante Leone Place townhomes complex is NRIA’s latest finished realty project. National Realty Investment Advisors, LLC has built this luxury townhomes project in association with celebrated architects JKR Partners and Philadelphia’s renowned builders U. S. Construction.
Read on to check out the most prominent highlights about NRIA’s this property.

Property Features

Named after the historic Fonte Leon Pool, the Fante Leone Place is a complex of 3 modern carriage townhomes equipped with several luxurious amenities. Each unit has a gross living area of 1,920 square feet with 3 bedrooms, 2.5 bathrooms and a well-equipped kitchen.


The main living space is provided on the first and second floor. Part of the grand floor is spared for off the street car parking. The parlor floor features the Great Room with high ceilings for a contemporary living space. The master bedroom features walk-in closet, luxurious spa-shower and balcony.

Popular Italian Neighborhood

Bella Vista means ‘beautiful sight’ in Italian. And indeed this exotic neighborhood, bounded by 6th Street, 11th Street, South Street 7 Washington Avenue, is a beautiful and vibrant place. In simple words, Bella Vista is a small Italy within Philadelphia. The neighborhood hosts many market and art festivals throughout the year.

Desirable Walk Score

Being located in a popular and lively neighborhood, Fante Leone Place townhomes naturally will be delight for walkers. The Walk Score of these townhomes is 98. Nearest restaurant, bar, grocery store, park, transit store, etc. all the located within quarter of a mile.


Equity Profits
The average construction cost of each Fante Leone Place townhome is $423,609. NRIA team has developed these townhomes with highest quality material and workmanship. Consequently, the final appraised value of each unit is averaged $611,667. This means a built-in equity profit of $188,058 is assured for investors.

Rental Benefits

Following are the rental benefits associated with the Fante Leone Place:
Average monthly rental cash-in income:
$2,700
Average monthly cash-out flow:
$2,536
Average positive cash flow per month:
$163
Average monthly principal pay down of mortgage:
$673
Average rent benefit per month:
$873
Annual net rent benefit for first year:
$10,046
Property value appraisals and rent growth with time will double the annual net rental benefits by 5th year. 

All these equity and rental benefits are offered by NRIA to clients in return of goodwill investment of $11,900 + 100% financing. Investors interested in owning a luxury townhome in Philadelphia, PA area with assured high equity and rental benefits, can learn more about NRIA’s highly profitable investment plan at www.nria.net.

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