MLS® ID: PAPH802812

2411 W THOMPSON STREET

PHILADELPHIA, Pennsylvania, 19121

$574,999 Active
  • 2034 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.
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Listing courtesy of Compass Pennsylvania, LLC

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19121
  • Office name
    Compass Pennsylvania, LLC
  • Subdivision
    BREWERYTOWN
  • SQFT
    2034
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    RM1
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    1915
  • Lot size
    0.03
  • Sewer
    Public Septic,Public Sewer
  • Heating
    Central
  • Agent name
    Ryan J McManus
  • Purchase Type
    Active
  • Price Range
    $500k-$600k
  • Square Feet Range
    2000-2500 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    COMPASS1
  • Agent ID
    3197472

Location

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