1925 Marshall Street: Newly constructed boutique triplex property for sale in South Kensington. Offered at/below replacement cost. This prime Philadelphia multifamily real estate offering is available now—individually or with multiple similar properties nearby for critical mass investors (enquire within for details on additional properties for sale). FINANCING: This apartment building is highly ideal for owner occupancy with 5% down payment financing — Fannie Mae has announced that it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes. This marks a departure from the previous multifamily financing requirement of 15-25% down payments for duplexes, triplexes, and four-plexes. This new option presents a great opportunity for individuals looking to invest in multifamily homes while also enjoying the benefits of homeownership. Prospective owner-landlords can now afford these properties more easily, thanks to the reduced down payment requirement by Fannie Mae. UNITS: 3bd x 2ba ±1500 SF on ground floor / lower level with private patio in the rear, 1bd x 1ba ±750 SF on 2nd floor, 2bd x 2.5ba ±1500 SF on 3rd-4th floors with private roofdeck overlooking the Philly skyline. LOCATION: Walkable to Fishtown, Philly's most popular area + Berks Station on Septa's Market-Frankford El train which takes riders into Center City and University City in just over 20 minutes. FULL 10 yr tax abatement, minimal expenditures, high rent growth/appreciation forecast for years to come.
Property Type :
Multi-Family
County :
PHILADELPHIA
Style :
Multi-Family
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ByOwner last updated this listing 05/03/2024 @ 19:48
MLS: PAPH2301500
LISTED BY: Ryan J McManus , Compass Pennsylvania, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
