2409 W THOMPSON ST, PHILADELPHIA, PA 19121 (MLS # PAPH802804)
New construction triplex in booming BREWERYTOWN submarket of Philadelphia, Pennsylvania. This brand new multifamily property is located in the Qualified Opportunity Zone. 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. Can be packaged with neighboring property for five (5) total units contiguous for $1.5M. 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. Completion August 2019. 10yr tax abatement + 1yr builder warranty. Limited expenses. *Photos from similar property developed by builder; finishes and features will be highly similar. Unit 1 pro forma rent = 2,150 w/ 1,700 SFUnit 2 pro forma rent = 1,800 w/ 1,000 SF. Unit 3 pro formal rent = 1,950 w/ 1,000 SFPro forma annual income = 70,800. Pro forma annual expenses = 10,620. Pro forma NOI = 60,180. Pro forma cap rate = 6.7%.
Property Type(s): Multi Family
|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: 8/19/19 12:02 PM PDT
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