$394,900

2031 N 8th St

PHILADELPHIA PA, 19122

Description

It is time to present great investment opportunity near Temple University and Norris Square where one of the fastest developing area in Philadelphia. This recently rehabbed from bottom to top, stunningly finished and nicely furnished beautiful income generated legal duplex is ready to generate income for its new owner. The property consists 5 large bedrooms with their 5 own custom bathrooms. Every floor offers nice size kitchen area with SS appliances. Unit # 1 has 2 furnished bedroom, 2 bath and common kitchen areaUnit #2 has 3 furnished bedroom, 3 bath and large kitchen area All bedrooms have been furnished to accommodate 2 students in order to maximize the income.The units boast open floor plans, wood flooring throughout, and feature modern, high-end finishes, custom tile work, central air/heat, and best of all, a great return on investment.Projected rental income is for Unit#1 $1750, Unit # 2 $2500 which would make about 4250$ / month incomeThis investment is a great opportunity to receive a high rate of return with minimal expenses as it also has a pending 10-year Tax Abatement and a 1-year builders warranty.This building is almost brand new; the location is great. The area is rapidly developing and also presents great long-term appreciation. Opportunity knocks the door. Make an appointment for showing!!!

Details

MLS#PAPH837812
Sub-TypeResale
StatusActive
Year1915
Days On Site23

Features

SQ Feet2,126
Units1

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19122
Area19122 (19122)
Listing VS Median (in 19122)
Price:
$394,900
low | high
Med:
$261,950
83.666751076222% of Average
SqFt:
2,126
low | high
Med:
1,500
79.444967074318% of Average
$ / SqFt:
$186
low | high
Med:
$187
49.090209985933% of Average
On Site:
23
low | high
Med:
34.5
66.666666666667% of Average
Listing Updated: 10/21/2019
MLS Number: PAPH837812
Listing Provided By:
Gazi Ataseven  of  Keller Williams Philly