2409 W THOMPSON ST, PHILADELPHIA, PA 19121 (MLS # PAPH802804)
New construction triplex in booming Sharswood submarket of Philadelphia, Pennsylvania. This brand new multifamily property is located in the Qualified Opportunity Zone with a 10yr tax abatement + 1yr builder warranty. Tens of millions being invested in real estate development in this immediate vicinity. Two 2bdx2ba flats on 2nd + 3rd floor and one 3bdx3ba bi-level apartment on 1st floor and lower level. Generous outdoor space and roofdeck. Brand new construction multifamily building developed by leading city builder. Unit 1 pro forma rent = 2,150. Unit 2 pro forma rent = 1,800. Unit 3 pro formal rent = 1,800. Pro forma annual income = 69,000. Pro forma annual expenses = 10,350. Pro forma NOI = 58,650. Pro forma cap rate = 6.5%. Can be packaged with neighboring property for five (5) total units contiguous for $1.5M. Completion August 2019.10yr tax abatement + 1yr builder warranty. Limited expenses. Strong rent growth and appreciation forecast in this area for years to come. Terrific opportunity for owner-occupied investment. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily. SF estimated. *Photos from similar property developed by builder; finishes and features will be highly similar.
Property Type(s): Multi Family
|Last Updated||6/10/2019||Year Built||2019|
|School District||THE SCHOOL DISTRICT OF PHILADELPHIA|
|LOT||1307 sq ft|
|LOT DIMENSIONS||15.50 x 90.00|
|SEWER||Public Septic,Public Sewer|
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Listing provided by Compass Pennsylvania, LLC
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Data last updated: 6/25/19 7:14 AM PDT
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