2,925 SqFt
2,925 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,925 sqft
Price per Sqft $203
Subdivision Norris Square
MLS Listing ID PAPH2444566
Style Contemporary
Abv Grd Liv Area 2,250
Originating Board BRIGHT
Year Built 2024
Annual Tax Amount $818
Tax Year 2024
Lot Size 830 Sqft
Acres 0.02
Property Sub-Type Detached
Property Description
This brand-new (Fall 2024) luxury duplex in Norris Square is a high-performance investment, delivering $4,059/month in rental income with a strong 6.8% cap rate and a pending 10-year tax abatement—driving profits up while keeping expenses low. Fully leased with long-term stability, Unit 1 (2 bed/2.5 bath) rents for $1,950/month and offers a private backyard, while Unit 2 (3 bed/3 bath) commands $2,109/month with an exclusive rooftop deck boasting stunning city views—premium features that attract and retain top-tier tenants. Both units are secured with two-year leases, ensuring consistent cash flow. Designed for effortless income generation, this all-electric property is packed with high-end finishes, soaring ceilings, recessed lighting, durable vinyl plank flooring, and sleek stainless steel appliances. Positioned in a booming rental corridor near Fishtown and major transit routes, this is a rare, low-maintenance asset with strong appreciation potential. Invest with confidence—secure this high-yield, high-growth property before it's gone!
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Rooms
Basement Fully Finished
Interior
Interior Features Primary Bath(s), Recessed Lighting, Walk-in Closet(s)
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Luxury Vinyl Plank, Ceramic Tile
Equipment Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer - Front Loading
Fireplace N
Appliance Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer - Front Loading
Heat Source Electric
Exterior
Water Access N
Roof Type Fiberglass
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID NOT ASSIGEND
Ownership Fee Simple
SqFt Source Estimated
Security Features Security Gate,Sprinkler System - Indoor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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