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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!
Property Type(s):
Multi Family
| Last Updated | 2/11/2025 | Tract | NORRIS SQUARE |
|---|---|---|---|
| Year Built | 2024 | Community | 19122 (19122) |
| County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer |
| AREA | 19122 (19122) |
| BASEMENT | Finished, Yes |
| CONSTRUCTION | Frame |
| HEAT | Electric, Forced Air |
| INTERIOR | Recessed Lighting, Walk-in Closet(s) |
| LOT | 871 sq ft |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STYLE | Contemporary |
| SUBDIVISION | NORRIS SQUARE |
| TAXES | 818 |
| WATER | Public |
Location
Listing provided by HomeSmart Realty Advisors
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 4/18/25 7:58 PM PDT
This IDX solution is (c) Diverse Solutions 2025.
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