NEW CONSTRUCTION - Two Duplexes back-to-back on Germantown Ave and N. Randolph St. Located in one of the strongest and booming Multifamily Markets in 19122 with new construction going on all around. Each building will have 2 units and are for sale for $620,000 each. Great opportunity for first time home buyer, Investor, or 1031 exchange. Live in one and rent the other out or receive rental income from both units. Or buy both duplex’s and have rental income from 4 apartments in one location. Each building has a lower-level apartment with 2 bedrooms and 3 Baths and a upper level apartment with 3 bedrooms, 3 full baths, and large roof deck with great views of the downtown skyline. Proforma rent is $2,300 for the upper unit and $2,000 for the lower or $51,600 per year for each duplex, $103,200/year from both duplexes. All apartments will have contemporary styling, ample closets, and a washer/dryer hook up in each apartment. They are in a great location for commuters, Close proximity to Temple University and the Septa Regional Rail to Center City. Property is currently under construction with a June 2024 delivery date. 10-YEAR TAX ABATEMENT to Keep your operating cost LOW.
Property Type :
Multi-Family
Subdivision :
Norris Square
County :
PHILADELPHIA
Style :
Multi-Family
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ByOwner last updated this listing 05/03/2024 @ 21:41
MLS: PAPH2345572
LISTED BY: Arthur C Silcox , Keller Williams Real Estate - Bensalem
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
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.
