Philadelphia, PA 19122,2004 N 8TH ST
Philadelphia, PA 19122,2004 N 8TH ST
Philadelphia, PA 19122,2004 N 8TH ST
Philadelphia, PA 19122,2004 N 8TH ST
Philadelphia, PA 19122,2004 N 8TH ST
Philadelphia, PA 19122,2004 N 8TH ST
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$931,595

$1,000,000

6.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2,805 SqFt


SOLD DATE : 11/05/2021

Key Details

Sold Price $931,595

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,805 sqft

Price per Sqft $332

Subdivision Temple University

MLS Listing ID PAPH965670

Sold Date 11/05/21

Style Straight Thru

HOA Y/N N

Abv Grd Liv Area 2,805

Originating Board BRIGHT

Year Built 2020

Annual Tax Amount $451

Tax Year 2021

Lot Size 1,536 Sqft

Acres 0.04

Lot Dimensions 15.50 x 99.09

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.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM1

Rooms

Basement Fully Finished

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 202113800

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Michael R. McCann • KW Philly
Bought with Jerome J. Washington • Neighborhood Assistance Corp. of America (NACA)
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