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Philadelphia,PA 19122
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,350 sqft
Price per Sqft $253
MLS Listing ID PAPH2442980
Style Contemporary
Abv Grd Liv Area 2,350
Originating Board BRIGHT
Year Built 2024
Tax Year 2024
Lot Size 902 Sqft
Acres 0.02
Property Description
High-Yield, Turnkey Duplex – 6.8% Cap Rate + 10-Year Tax Abatement Pending! This brand-new (Fall 2024) luxury duplex in Norris Square is a prime cash-flowing asset generating $4,000/month in rental income with a strong 6.8% cap rate and a pending 10-year tax abatement, keeping overhead low and profits high. Unit 1 (2 bed/2.5 bath) rents for $1,800/month and features a private backyard, while Unit 2 (3 bed/3 bath) rents for $2,200/month with a private rooftop deck offering stunning city views. Designed for maximum ROI with minimal maintenance, this all-electric property boasts modern finishes, high ceilings, recessed lighting, durable vinyl plank flooring, and sleek stainless steel appliances. Located in a high-demand rental area near Fishtown, and public transit, this is an exceptional investment opportunity with strong tenant appeal and long-term appreciation potential. Don't miss out—schedule your private showing today!
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX-2
Rooms
Basement Fully Finished
Interior
Interior Features Combination Dining/Living,Floor Plan - Open,Recessed Lighting,Sprinkler System
Hot Water 60+ Gallon Tank,Electric
Cooling Central A/C
Equipment Water Heater,Washer/Dryer Stacked,Stainless Steel Appliances,Refrigerator,Oven/Range - Electric,Disposal,Dishwasher,Built-In Microwave
Appliance Water Heater,Washer/Dryer Stacked,Stainless Steel Appliances,Refrigerator,Oven/Range - Electric,Disposal,Dishwasher,Built-In Microwave
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Security Features Sprinkler System - Indoor,Smoke Detector,Window Grills
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard