MLS® ID: PAPH802812
2411 W THOMPSON STREET
PHILADELPHIA, Pennsylvania, 19121 $574,999
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.