Thursday, 5 November 2015

Property Review: NRIA’s Lawrence Court Townhomes, Philadelphia


This property review of Lawrence Court Townhomes in the Northern Liberties section of Philadelphia will shed light on NRIA’s newest, luxury real estate investment project. The Lawrence Court Townhomes have set a new standard in terms of quality construction and location advantages. 

 

Below are a few of the quintessential features which have earned this newly built complex of 4 modern townhomes so much attention: 

Pleasing Neighborhood  
The complex on North Lawrence Street has 4 modern townhomes located in a neighborhood primarily inhabited by working class citizens. Furthermore, the neighborhood’s convenient public transportation system adds to the overall charm of this property. 

Spacious Living
The Lawrence Court Townhomes are immensely spacious and well equipped. Each unit has 4 bedrooms, 2 ½ bathrooms, and a well-furnished kitchen built with the comfort of city dwellers in mind. 

Special Comforts
Lawrence Court Townhomes come with fully furnished basements complete with ceramic tile floors. Both the kitchen and bathrooms are fitted with the best amenities available on the market. For instance, the master suite has a spa like bath and the kitchen has high-end, stainless steel appliances. Plus, each home is equipped with private laundry closets and washers and dryers.


Private Zone
Each townhome has a private fenced-in backyard with patio. There is a common drive-through behind the complex which provides off-street parking for each unit and guests. 

Impressive Walk Score
The Lawrence Court Complex is central to many top restaurants, shopping centers, parks and recreation hubs. Practically everything is available within walking distance. The high Walk Score of this property certainly adds to this walkers’ delight. 

Equity Returns
Each unit is expected to earn a massive $155,730 of built-in equity profit for the owner. NRIA ensured this profit by building a complex on undervalued land and taking charge of complete construction and management related details. The construction cost of each townhome was $344,270 and final appraised value is $500,000.

Rental Benefits
The following are economic benefits expected of the Lawrence Court complex:

  • Average monthly cash-out flow: $2,348
  • Average monthly rental cash-in income: $2,675
  • Average positive cash flow per month: $326
  • Average rent benefit per month: $1,075
  • Average monthly principal pay down of mortgage: $749
  • Annual net rent benefit for first year: $12,903
National Realty Investment Advisors, LLC is truly a gem of residential real estate construction and management.  Qualified investors only need to put in a small goodwill investment of $11,900 +100% financing, and NRIA secure them a luxury investment townhome, like the new Lawrence Court complex.

Contact NRIA if you are looking for luxury townhomes with huge rental and equity benefits in the Philadelphia area.  Remember to keep an eye on NRIA’s featured property so you never miss a good realty investment opportunity.

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