Sold

507 West Norris Street, Philadelphia, PA, 19122

507 W Norris St

$625,000
3 beds
3 full baths
2,912 Sq.Ft.
2019 BUILT
0.02 Sq.Ft. LOT

New construction duplex in South Kensington perfect for investors or owner occupants. This ideal investment property is located in one of the hottest areas in the city near all of the action on Frankford Avenue and Front Street including easy access to public transportation, restaurants, shops, bars and surrounded by new construction. Also, a quick walk to Temple University campus for students or university employees. This property features 2 units constructed with quality craftsmanship and upgraded finishes throughout and includes an approved 10 Year Tax Abatement. Projected rents are approximately $4200/month or $50,400/annually per building. All units have separate utilities including separate water and electric meters. Some upgrades include large Pella windows and aluminum clad frame doors, brick/stone/steel front, 400A electrical service, 4 inch LED recessed lights, and both units have their own private outdoor space. Each unit includes sanded/finished in place wide plank oak hardwood flooring, upgraded modern kitchens with quartz countertops, subway tile backsplash, stainless steel appliances, custom metal railings, washer/dryer in each unit. Bathrooms have modern 12x24 porcelain tile and brushed nickel plumbing fixtures. The lower unit includes a large bi-level 3 bed/2 bath with private rear yard. The upper unit includes a bilevel 3 bed/3 bath with roof deck and skyline views. Possibilities are endless for this great investment opportunity in one of Philly's hottest neighborhoods. The total project consists of four new construction duplex buildings so a savvy investor can purchase the package to add to their investment portfolio which is located in a Federal Opportunity Zone.

3
beds

3
baths

2,912 Sq.Ft. LIVING AREA

0.02 Sq.Ft. lot

Features & Amenities

Area & Lot

  • Living Area2,912 Sq.Ft.
  • Status Sold
  • MLS IDPAPH863236
  • YEAR BUILT2019

Financial

  • PRICE$625,000

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