New Construction
Address
2004 N 8Th Street Philadelphia, PA
Price
$ 1,250,000
Property Attributes
  • MLS#PAPH965670
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19122
  • NeighborhoodTEMPLE UNIVERSITY
  • Zip19122
  • StyleStraight Thru
  • Year Built2020
  • Taxes451
  • Price$ 1,250,000
  • Bedrooms9
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,742 SqFt
Listing Provided Courtesy Of:
Keller Williams Philly
Data Source:
Bright MLS
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.

Price History
12/11/2020 Listed $1,400,000
2/8/2021 4% - $1,350,000
3/10/2021 8% - $1,250,000

General Features

Accessibility None
Architectural Style Straight Thru
Construction Completed Y/N No
Construction Materials Mixed
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 147
Garage Y/N No
Heating Forced Air
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19122 (19122)
Municipality PHILADELPHIA
New Construction Yes
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 4, Unit 3
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 445.63
Property SubType Quadruplex
Property Type Multi-Family
PropertyCondition Excellent
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Subdivision Name TEMPLE UNIVERSITY
Tax Annual Amount 451.0
Tax Lot 92
Tax Year 2021
Total Units 4
Two Bedroom 3
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1

Interior Features

Basement Fully Finished
Basement Y/N Yes
Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Electric
Living Area 2805
Three Bedroom Units Count 1

Exterior Features

Inclusions All appliances for each unit
Lot Dimensions 15.50 x 99.09
Lot Size Acres 0.04
Lot Size Source Assessor
Lot Size Square Feet 1536.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking None
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 55+
  • 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 19122

Price
AVG $780K
$1.25M
Taxes
AVG $1,401
$451
Visits
AVG 71
131
Year Built
AVG 1983
2020
Walkscore
AVG 82
77
Data Provided by Walkscore ® not using MLS data