x
Price Reduction
Address
2411 W Thompson Street Philadelphia, PA
Price
$ 574,999
Property Attributes
  • MLS#PAPH802812
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19121
  • NeighborhoodBREWERYTOWN
  • Zip19121
  • StyleContemporary
  • Year Built1915
  • Taxes2021
  • Price$ 574,999
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2034
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
Compass Pennsylvania, LLC
Property Description

Fully-rehabbed low maintenance duplex in fast growing Brewerytown area of Philadelphia, Pennsylvania. This renovated multifamily building is located in the Qualified Opportunity Zone with a 10yr tax abatement + 1yr builder warranty. Tens of millions being invested in real estate development in this immediate vicinity. Two spacious 3bd/2ba units: Unit 1 = lower unit with yard; pro forma rent 1,975. Unit 2 = top unit with deck leased for $1,999. Pro forma annual income = 47,688. Pro forma annual expenses = 7,150. Pro forma NOI = 40,538. Pro forma cap rate = 7%. Can be packaged with new construction triplex next door at 2409 (upon completion) for 1.5M total. Developed by leading city builder. Units are now leasing! Strong rent growth and appreciation forecast in this area for years to come. Terrific opportunity for owner-occupied investment. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily. SF estimated.

Price History
6/10/2019 Listed $624,999
7/15/2019 9% - $574,999

General Features

Acceptable Financing Cash, Conventional
Accessibility Other
Cool Fuel Natural Gas
County/Parish PHILADELPHIA
Garage Y/N No
MLS Area 19121 (19121)
New Construction No
Numberofunitsvacant 1
Other Units Unit 1, Unit 2
Ownership Fee Simple
Price Per Sq Ft 191.67
Property SubType Duplex
Property Type Multi-Family
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Structure Type Row/Townhouse
Tax Year 2019
Total Units 2
Vacation Rental Y/N No
Zoning RM1

Interior Features

Central Air Y/N Yes
Cooling Central A/C
Heating Central
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 3000
Three Bedroom Units Count 2

Exterior Features

Possession Settlement
Architectural Style Contemporary
Attached Garage No
Building Area Total 2034.00
Construction Materials Masonry
Lot Dimensions 15.50 x 90.00
Lot Size Acres 0.03
Lot Size Source Other
Lot Size Square Feet 1395.00
Navigable Water Y/N No
Other Structures Above Grade, Below Grade
Pool Y/N No Pool
Sewer Public Septic, Public Sewer
Type of Parking On Street
Water Access Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19121

Price
AVG $640K
$570K
Taxes
AVG $2,327
$2,021
Visits
AVG 19
5
Year Built
AVG 1952
1915
Walkscore
AVG 83
84
Data Provided by Walkscore ® not using MLS data

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