Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
2024
Sq.Footage
2,925
Prime Luxury Duplex – 6.8+% Cap Rate + Approved 10-Year Tax Abatement! This brand-new (Fall 2024) luxury duplex in Norris Square is a high-performance investment, delivering $4,059/month in rental income with a strong 6.8+% cap rate and a 10-year tax abatement—driving profits up while keeping expenses low. Fully leased with long-term stability, Unit 1 (2 bed/2.5 bath) rents for $1,950/month and offers a private backyard, while Unit 2 (3 bed/3 bath) commands $2,109/month with an exclusive rooftop deck boasting stunning city views—premium features that attract and retain top-tier tenants. Both units are secured with two-year leases, ensuring consistent cash flow. Designed for effortless income generation, this all-electric property is packed with high-end finishes, soaring ceilings, recessed lighting, durable vinyl plank flooring, and sleek stainless steel appliances. Positioned in a booming rental corridor near Fishtown and major transit routes, this is a rare, low-maintenance asset with strong appreciation potential. Invest with confidence—secure this high-yield, high-growth property before it’s gone!
Features & Amenities
Interior
-
Other Interior Features
Recessed Lighting, Walk-In Closet(s)
-
Total Bedrooms
5
Area & Lot
-
Lot Size(acres)
0.02
-
Property Type
Residential Income
-
Architectural Style
Contemporary
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Parking
On Street
Financial
-
Sales Price
$595,000
-
Tax Amount
818.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Emre Yucel , HomeSmart Realty Advisors
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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