2411 W THOMPSON ST, PHILADELPHIA, PA 19121 (MLS # PAPH802812)
Fully-rehabbed low maintenance duplex in fast growing Sharswood area of Philadelphia, Pennsylvania. This renovated multifamily building 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 spacious 3bd/2ba units: Unit 1 = lower unit with yard; pro forma rent 2,150. Unit 2 = top unit with deck; pro forma rent 2,150. Pro forma annual income = 51,600.Pro forma annual expenses = 7,740. Pro forma NOI = 43,860. Pro forma cap rate = 7%. Can be packaged with new construction triplex next door at 2409 (upon completion) for 1.5M total. Developed by leading city builder. Units are now leasing! 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.
Property Type(s): Multi Family
|Last Updated||6/10/2019||Year Built||1915|
|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 6:55 AM PDT
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