2411 W THOMPSON ST, PHILADELPHIA, PA 19121 (MLS # PAPH802812)

Price $574,999
Status Active
Beds 0
Baths 0 Bath
Home size 3,000 sqft
Lot Size 1,307 sqft
Fully-rehabbed low maintenance duplex in fast growing Brewerytown 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 1,975. Unit 2 = top unit with deck leased for $1,999. Pro forma annual income = 47,688. Pro forma annual expenses = 7,150. Pro forma NOI = 40,538. 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 7/15/2019 Tract BREWERYTOWN
Year Built 1915 County PHILADELPHIA

SCHOOLS

School District THE SCHOOL DISTRICT OF PHILADELPHIA

Price History

Prior to Jul 15, '19 $624,999
Jul 15, '19 - Today $574,999

Additional Details

AIR Central A/C
AIR CONDITIONING Yes
CONSTRUCTION Masonry
HEAT Central
HOA DUES None
LOT 1307 sq ft
LOT DIMENSIONS 15.50 x 90.00
SEWER Public Septic,Public Sewer
STYLE Contemporary
SUBDIVISION BREWERYTOWN
TAXES 2021.0
WATER Public
ZONING RM1

Location

 

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Data last updated: 8/19/19 11:40 AM PDT

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