2411 W Thompson St
PHILADELPHIA, PA 19121

Description

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.

Details

MLS#PAPH802812
Sub-TypeResale
StatusActive
Year1915
Days On Site15

Features

SQ Feet3,000
Units2

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19121
Area19121 (19121)
Listing VS Median (in 19121)
Price:
$624,999
low | high
Med:
$108,000
100% of Average
SqFt:
3,000
low | high
Med:
0
100% of Average
$ / SqFt:
$208
low | high
Med:
$0
100% of Average
On Site:
15
low | high
Med:
158
9.493670886076% of Average
Listing Updated: 06/25/2019
MLS Number: PAPH802812
Listing Provided By:
Ryan J McManus  of  Compass Pennsylvania LLC