UPDATED:
10/02/2024 08:07 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,450 sqft
Price per Sqft $240
Subdivision Norris Square
MLS Listing ID PAPH2393714
Style Contemporary
Abv Grd Liv Area 2,450
Originating Board BRIGHT
Year Built 2024
Annual Tax Amount $818
Tax Year 2024
Lot Size 830 Sqft
Acres 0.02
Property Description
The lower unit features a spacious 1250 SF bi-level layout with 3 bedrooms, 3 bathrooms, and a generous rear yard—ideal for attracting quality tenants. The upper unit, which previously rented for $2,100, includes a 1300 SF bi-level design with 3 bedrooms, 3 bathrooms, and an impressive rooftop deck with stunning skyline views. With a projected pro forma annual rent of $50,000, this property delivers a robust cap rate of over 7%.
Both units offer modern, flexible floor plans, high ceilings, large windows, and sleek finishes including wide plank flooring, recessed lighting, shaker-style cabinetry, subway tile, quartz countertops, and stainless steel appliances. Located in a high-demand area near Temple University and the Septa Regional Rail, this property is perfectly positioned for strong rental demand.
Benefiting from a 10-year tax abatement to keep operating costs low and a 1-year builder warranty for added security, this investment opportunity blends immediate income potential with long-term growth. Act quickly—schedule a viewing and capitalize on this high-yield investment before it's too late!
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Rooms
Basement Fully Finished
Interior
Interior Features Combination Dining/Living, Floor Plan - Open, Sprinkler System
Hot Water 60+ Gallon Tank
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Roof Type Fiberglass
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 202161101
Ownership Fee Simple
SqFt Source Estimated
Security Features Security Gate,Sprinkler System - Indoor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."
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