3 Year New Construction 4 unit Quadplex, directly across from Fairmount Park! At a 6.5 Cap Rate! High-quality construction materials were used to help lower maintenance costs while increasing rent rolls! Built using European tilt windows, luxury waterproof scratch-resistant vinyl, hardwood cabinets, Delta fixtures, all new appliances, and much much more. 7 years remaining on the Tax Abatement! An all-electric building to keep expenses to a minimum and pass electrical costs on to the Tenants .Layout and rents: Unit 1 - 3bedroom 3 bathroom split level 1st floor and basement unit, Approx 1400sqf. Projected Rent Roll $2000 per month. Unit 2- Approx 450sqf Studio apartment on 2nd floor with a 150sqf balcony overlooking the park! Rent Roll of $1050 a month. Unit 3-Approx 600sqf 1bedroom 1bathroom apartment on 2nd floor. Rent Roll of $1250-1450 a month. Unit 4-Approx 1050sqf 2bedroom 2 bath 3rd floor apartment with a private 800sqf Rooftop Deck overlooking the city skyline and Fairmount Park! Rent Roll $1950 a month. Total Rent Roll 6250-6450 a month. GREAT INVESTMENT OPPORTUNITY, and watch this area of Philadelphia continue to grow and increase in value!!!!
The income description goes here to explain
List Price | $975,000 |
Property Type | Fourplex (4-units) |
Usable Sqft | 2,919 |
Number of Stories | 4 stories |
Parking Spots | 0 spots |
Year Built | 2021 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 282238100 |
MLS # | PAPH2365412 |
Property ID | 295069785 |
Lot Sqft | 1,584 |
Zoning | RM1 |
Total Units | 4 |
Days on Market | 164 |
Original List Price | Unknown |
Applicances | Stainless Steel Appliances% |
Date Updated | August 25, 2024 |
Date Created | June 11, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $84,600 | $0 |
Michael J Brown Jr. an agent of . Lic #RS285927
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT