East Tioga Lofts
Multifamily | 45 Units | $210,000/unit
Marketing description
East Tioga Lofts is a luxury loft apartment community located at 2215 East Tioga Street in the Port Richmond neighborhood of Philadelphia, Pennsylvania. The property comprises two distinct collections: East Tioga Lofts, featuring newly constructed 1- and 2-bedroom apartments, and The Residences at East Tioga Lofts, offering new construction bi-level 2- and 3-bedroom homes. Originally constructed as a lumber yard and later converted into an art studio, the building has been thoughtfully reimagined into a contemporary residential community that preserves the character of its historic industrial origins. Units feature premium finishes including hardwood floors, in-unit washer/dryer, and generous natural light. Community amenities include on-site parking with key fob access, a dog park, a courtyard, and bike storage. The property is situated directly adjacent to the Fishtown neighborhood, with convenient access to the Market Frankford Line, I-95, and major employment and educational destinations including Temple University, the University of Pennsylvania, Drexel University, and Rutgers–Camden.
Investment highlights
- Located in a highly sought-after area of Philadelphia, 2215 E Tioga St benefits from excellent access to major transportation routes, local amenities, and key business hubs. The property is poised for long-term appreciation, making it an ideal investment in a thriving and dynamic neighborhood.
- The property boasts a portfolio of well-maintained units that have been carefully constructed and continuously updated. With modern finishes, the property provides a premium living experience for tenants, ensuring strong retention and stable cash flow.
- A highly experienced management team oversees the property, delivering operational excellence and high tenant satisfaction. Their proactive approach to leasing, maintenance, and tenant relations helps optimize property performance, mitigating risk and ensuring consistent returns.
- With current rents differing by as much as 25% within unit types, 2215 E Tioga offers a compelling opportunity for rent growth. As demand for rental units in the Philadelphia market continues to rise, strategic adjustments to rental rates will unlock substantial income growth and increase the property's overall value.
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