2409 W THOMPSON ST PHILADELPHIA, PA 19121

242067976 39.975555 -75.175735 230 /listing/242067976-150069106/2409-w-thompson-st-philadelphia-pa-19121 False 0 899999.0 3700 104 PAPH802804 False
  • $899,999
  • 3,700 sqft
  • 0.03 lot
  • Est payment $4831.39/mo

Property & Neighborhood Info

Courtesy Of Compass Pennsylvania, LLC

Condo/Townhome in PHILADELPHIA

New construction triplex in booming BREWERYTOWN submarket of Philadelphia, Pennsylvania. This brand new multifamily property is located in the Qualified Opportunity Zone. Tens of millions being invested in real estate development in this immediate vicinity. Two 2bdx2ba flats on 2nd + 3rd floor and one 3bdx3ba bi-level apartment on 1st floor and lower level. Generous outdoor space and roofdeck. Brand new construction multifamily building developed by leading city builder. Can be packaged with neighboring property for five (5) total units contiguous for $1.5M. 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. Completion August 2019. 10yr tax abatement + 1yr builder warranty. Limited expenses. *Photos from similar property developed by builder; finishes and features will be highly similar. Unit 1 pro forma rent = 2,150 w/ 1,700 SFUnit 2 pro forma rent = 1,800 w/ 1,000 SF. Unit 3 pro formal rent = 1,950 w/ 1,000 SFPro forma annual income = 70,800. Pro forma annual expenses = 10,620. Pro forma NOI = 60,180. Pro forma cap rate = 6.7%.

Courtesy Of Compass Pennsylvania, LLC
  1. 3,700 Sq. Ft.
  2. 0.03 Lot

Main Features

  • Listing Status: Active
  • Year Built: 2019
  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • County: PHILADELPHIA
  • Taxes: $955.00
  • Tax Year: 2019
  • Units: 3
  • Subdivision: Brewerytown
  • MLS Number:PAPH802804

Additional Features

  • Water Heater:
    • Natural Gas
  • Building Square Feet:
    • 1517.00
  • New Construction:
    • Yes
  • Water Source:
    • Public
  • Waterfront:
    • No
  • Heating:
    • Other
  • Heating Fuel:
    • Natural Gas
  • Sewer:
    • Public Septic
    • Public Sewer
  • Accessibility Features:
    • Other
  • Water Access:
    • No
  • List Type (Exclusive):
    • Exclusive Agency
  • Rental Features:
    • No
  • # of Rooms:
    • 0
  • Assessment Year:
    • 2019
  • Fireplaces Total:
    • 0
  • MLSSystem ID:
    • BRIGHT
  • Possession:
    • Settlement
  • Price Per SQFT:
    • 243.24
  • Unit 1 Bed Total Units:
    • 0
  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Electric
    • Natural Gas
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
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Linda Ventola
Linda Ventola
Associate Broker

2409 W THOMPSON ST PHILADELPHIA, PA 19121

242067976 39.975555 -75.175735 230 /listing/242067976-150069106/2409-w-thompson-st-philadelphia-pa-19121 False 0 899999.0 3700 104 PAPH802804 False
  • $899,999
  • 3,700 sqft
  • 0.03 lot
  • Est payment $4831.39/mo