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    2004 N 8TH Street

    PHILADELPHIA, PA 19122
    • $1,350,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: PAPH965670
    UPDATED: 64 min ago
    $1,350,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,805
      SQFT
    • $481
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Welcome to this amazing turnkey investment opportunity in a booming neighborhood surrounded by new construction. This is a legal 4-unit new construction property with a FULL 10-Year TAX ABATEMENT that is slated for completion by January 2021. This property is massive and runs street to street from 8th Street to Darien Street providing for convenient access from either side of the building. Unit 1 is a 4 bed, 2 bath bi-level unit including the basement and first floor. The basement features 2 bedrooms, 1 full bathroom, mechanical room, laundry room, storage and a den. The 1st floor includes a living room, dining room, modern and luxurious kitchen, full bathroom and 2 bedrooms. Units 2-4 are 2 bed, 1.5 bath units that are identical in layout. You enter the unit from the common area stairwell and will find a bright living room and powder room towards the front of the floor plan. Back near the entrance you will find the dining room and kitchen combo. Past the kitchen in the hallway, you will find the mechanical room and laundry room. In the middle of the floor plan there is a large bedroom, a full bathroom and another large bedroom to the back of the building. The back part of the building features a metal staircase providing access to each unit and to the common area outdoor patio space. The back patio can feature a bike rack for the residents of the property. This amazing investment opportunity has a projected rental income of $8,000/month which results in nearly a 7% CAP rate. Please see attached building plans for more details on the property. All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-02-26T14:54:18.87.
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    2004 N 8TH Street PHILADELPHIA, PA 19122

    • Price: $1,350,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: PAPH965670
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    2,805
    SQFT
    $481
    $/SQFT
    2020
    Built
    Neighborhood:
    Temple University
    County:
    Philadelphia
    Area:
    19122 (19122)
    School District:
    The School District Of Philadelphia
    Property Description
    Welcome to this amazing turnkey investment opportunity in a booming neighborhood surrounded by new construction. This is a legal 4-unit new construction property with a FULL 10-Year TAX ABATEMENT that is slated for completion by January 2021. This property is massive and runs street to street from 8th Street to Darien Street providing for convenient access from either side of the building. Unit 1 is a 4 bed, 2 bath bi-level unit including the basement and first floor. The basement features 2 bedrooms, 1 full bathroom, mechanical room, laundry room, storage and a den. The 1st floor includes a living room, dining room, modern and luxurious kitchen, full bathroom and 2 bedrooms. Units 2-4 are 2 bed, 1.5 bath units that are identical in layout. You enter the unit from the common area stairwell and will find a bright living room and powder room towards the front of the floor plan. Back near the entrance you will find the dining room and kitchen combo. Past the kitchen in the hallway, you will find the mechanical room and laundry room. In the middle of the floor plan there is a large bedroom, a full bathroom and another large bedroom to the back of the building. The back part of the building features a metal staircase providing access to each unit and to the common area outdoor patio space. The back patio can feature a bike rack for the residents of the property. This amazing investment opportunity has a projected rental income of $8,000/month which results in nearly a 7% CAP rate. Please see attached building plans for more details on the property. All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.
    Exterior Features

    Architectural Style Straight Thru Construction Materials Mixed Garage YN No Other Structures Above GradeBelow Grade Parking Types None Pool No Pool Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2805 Basement Fully Finished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Forced Air Heating YN Yes Inclusions All Appliances For Each Unit Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 3

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Electric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN Yes Number Of Units Total 4 Original MLSNumber 304403410503 Ownership Interest Fee Simple Possession Settlement Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 451.00 Tax Assessment Amount 32200.00 Tax Lot 92 Vacation Rental YN No Water Source Public Zoning Rm1

    Listing courtesy of Keller Williams Philly.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-02-26T14:54:18.87.
     
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