2409 W THOMPSON ST, PHILADELPHIA, PA 19121 (MLS # PAPH802804)

Price $899,999
Status Active
Beds 0
Baths 0 bath
Home size 3,700 sq ft
Lot Size 1,307 sqft
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
County PHILADELPHIA

SCHOOLS

School District THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Details

AIR Central A/C
AIR CONDITIONING Yes
CONSTRUCTION Brick
HEAT Other
HOA DUES None
LOT 1307 sq ft
LOT DIMENSIONS 15.50 x 90.00
SEWER Public Septic,Public Sewer
STYLE Contemporary
TAXES 955.0
WATER Public
ZONING RM1

Location

 

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Data last updated: 6/25/19 7:14 AM PDT

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