How many other cities has a condominium for cars ?
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.