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MLS® ID: PAPH818718

503 W NORRIS STREET

PHILADELPHIA, Pennsylvania, 19122

$639,000 Active
  • 2912 SQFT
NEW CONSTRUCTION duplex in South Kensington perfect for investors or owner occupants. This ideal investment property is located in one of the hottest areas in the city near all of the action on Frankford Ave and Front St including easy access to public transportation, restaurants, shops, bars and surrounded by new construction. Also, a quick walk to Temple University campus for students or university employees. This property features 2 units constructed with quality craftsmanship and upgraded finishes throughout and includes an approved 10 Year Tax Abatement. Projected rents are approximately $4200/month or $50,400/annually per building. All units have separate utilities including separate water and electric meters. Some upgrades include large Pella windows and aluminum clad frame doors, brick/stone/steel front, 400A electrical service, 4 inch LED recessed lights, and both units have their own private outdoor space. Each unit includes sanded/finished in place wide plank oak hardwood flooring, upgraded modern kitchens with quartz countertops, subway tile backsplash, stainless steel appliances, custom metal railings, washer/dryer in each unit. Bathrooms have modern 12x24 porcelain tile and brushed nickel plumbing fixtures. The lower unit includes a large bi-level 3bd/2ba with private rear yard. The upper unit includes a bilevel 3bd/3ba with roof deck and skyline views. Possibilities are endless for this great investment opportunity in one of Philly's hottest neighborhoods. The total project consists of four new construction duplex buildings so a savy investor can purchase the package to add to their investment portfolio which is located in a Federal Opportunity Zone. Listing photos are of a similar building recently completed by the developer/builder.
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Listing courtesy of Keller Williams Philadelphia

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19122
  • Office name
    Keller Williams Philadelphia
  • Subdivision
    SOUTH KENSINGTON
  • SQFT
    2912
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    RM1
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    2019
  • Lot size
    0.02
  • Sewer
    Public Sewer
  • Heating
    Heat Pump - Electric BackUp
  • Agent name
    Christopher K Somers
  • Purchase Type
    Active
  • Price Range
    $600k-$700k
  • Square Feet Range
    2500-3000 sq ft.
  • Year Built Range
    After 2010
  • Office ID
    KELWLMCC
  • Agent ID
    3124780

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