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2327 3rd St 2 Unit Apartment Building $570,000 ($285,000/Unit) 7.01% Cap Rate Philadelphia, PA 19133
INVESTMENT HIGHLIGHTS
- 8 year tax abatement (100% abated on property assessment for the full 8 years
- In unit washer/dryers, full kitchen appliance package, smart thermostat, security system, surround sound built in speakers
- Less then 5 minute drive from Fishtown and Northern Liberties
- Real estate taxes very low (less then $1,000/annually) due to the abatement
- Plenty of on-street parking on this block
EXECUTIVE SUMMARY
Calling All Investors!! Welcome to 2327 N 3rd St, a beautiful new construction duplex. This turnkey duplex is waiting for you to add to your multi-family portfolio. 100% occupancy (offered at 7% cap rate) as both units are rented and have tenants who have renewed. Two Bi-Level Units located in one of the hottest growing areas of Philadelphia! Call for details/financials and to schedule a tour. Unit 1 is a spacious bilevel 2 bed 1.5 bath with private backyard space (rented at $1,700). Unit 2 features 2 bed 1.5 bath bilevel unit with private roof deck (rented at $1,900). Both units include in-unit washer/dryers, open concept living/kitchen, stainless steel appliances and quartz countertops in both units. Comes with 8 year full tax abatement. This duplex can be sold individually or as a package with other new construction duplexes in the area. Contact us for more details and financials. If you are not familiar with this direct pocket of the City, please reach out as there is hyper development going on within this area.
PROPERTY FACTS
| Price | $570,000 | Building Class | B |
| Price Per Unit | $285,000 | Lot Size | 0.02 AC |
| Sale Type | Investment | Building Size | 2,700 SF |
| Cap Rate | 7.01% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | Multi-Family - Multi-Family | ||
| Price | $570,000 |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.02 AC |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Opportunity Zone |
Yes |
| Zoning | Multi-Family - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 2 | - | - |
1 1
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (73)
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2327 3rd St
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