Introducing 2114 Eighth Street!!! New Construction DUPLEX. Located in one of the strongest and booming Multifamily Market in 19122!!! The building has 2 units, perfectly designed with a functional open floor plan. Great opportunity for first time home BUYER | INVESTOR | 1031 Exchange. Live in one and rent the other out, or receive rental income from both units. UNIT ( ONE ) is a 3BD | 2 BA Bi-level apartment with large rear yard. Pro forma rent of 2,150 / Month!!! Upper UNIT ( TWO ) is a 3BD | 3BA Bi-level apartment with a rear deck off the living room and a massive skyline Roof Deck, pro forma rent of 2,300 / Month!!! Pro forma annual rent: $53,400, Pro forma CAP: 8 %. Both Units feature a flexible floor plan, High ceilings, large windows and an open contemporary feel. Wide plank floors & recessed lighting. Both kitchens are home to shaker-style cabinetry, subway tile, quartz countertops, stainless steel appliances. There is ample closet space and W/D hook up in both units. 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 an APRIL 2024 delivery date***. Qualify for a grant of up to $17,500 in free grant money, making your homeownership dreams a reality with just 3% down and low PMI for owner occupied buyers! (Income restrictions apply) 10-YEAR TAX ABATEMENT!!! To Keep your operating cost LOW!!! 1 yr Builder Warranty.
Property Type :
Multi-Family
Subdivision :
Ludlow
County :
PHILADELPHIA
Style :
Multi-Family
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ByOwner last updated this listing 04/30/2024 @ 01:23
MLS: PAPH2343398
LISTED BY: Amardeep Billy Grewal , KW Empower
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.
