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2327 3rd St

2 Unit Apartment Building $570,000 ($285,000/Unit) 7.01% Cap Rate Philadelphia, PA 19133

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Investment Highlights

8 year tax abatement (100% abated on property assessment for the full 8 years
In unit washer/dryers, full kitchen appliance package, smart thermostat, security system, surround sound built in speakers
Less then 5 minute drive from Fishtown and Northern Liberties

Real estate taxes very low (less then $1,000/annually) due to the abatement
Plenty of on-street parking on this block

Executive Summary

Calling All Investors!! Welcome to 2327 N 3rd St, a beautiful new construction duplex. This turnkey duplex is waiting for you to add to your multi-family portfolio. 100% occupancy (offered at 7% cap rate) as both units are rented and have tenants who have renewed. Two Bi-Level Units located in one of the hottest growing areas of Philadelphia! Call for details/financials and to schedule a tour. Unit 1 is a spacious bilevel 2 bed 1.5 bath with private backyard space (rented at $1,700). Unit 2 features 2 bed 1.5 bath bilevel unit with private roof deck (rented at $1,900). Both units include in-unit washer/dryers, open concept living/kitchen, stainless steel appliances and quartz countertops in both units. Comes with 8 year full tax abatement. This duplex can be sold individually or as a package with other new construction duplexes in the area. Contact us for more details and financials. If you are not familiar with this direct pocket of the City, please reach out as there is hyper development going on within this area.

Property Facts

Price	$570,000	Building Class	B
Price Per Unit	$285,000	Lot Size	0.02 AC
Sale Type	Investment	Building Size	2,700 SF
Cap Rate	7.01%	Average Occupancy	100%
No. Units	2	No. Stories	3
Property Type	Multifamily	Year Built	2021
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Townhome

Price	$570,000
Price Per Unit	$285,000
Sale Type	Investment
Cap Rate	7.01%
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Townhome
Building Class	B
Lot Size	0.02 AC
Building Size	2,700 SF
Average Occupancy	100%
No. Stories	3
Year Built	2021
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.