2,213 SqFt
2,213 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,213 sqft
Price per Sqft $277
MLS Listing ID PAPH2477782
Style Traditional
Abv Grd Liv Area 2,213
Year Built 2024
Annual Tax Amount $1,315
Tax Year 2024
Lot Size 942 Sqft
Acres 0.02
Lot Dimensions 17.00 x 57.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Welcome to 2114 Eighth Street – FULLY LEASED New Construction Duplex in Hot 19122!
Incredible investment opportunity in one of Philadelphia's fastest-growing multifamily submarkets. This brand-new, fully leased duplex features two spacious bi-level units, modern finishes, and strong rental income.
Unit 1 offers 3 bedrooms, 2 bathrooms, a private rear yard, and rents for $1,700/month.
Unit 2 includes 3 bedrooms, 3 bathrooms, a rear deck off the living room, and a massive skyline roof deck, currently leased for $2,000/month.
Annual rental income: $44,400
Pro forma CAP Rate: 7%
Each unit features:
Open-concept floor plans
High ceilings and large windows
Wide plank flooring & recessed lighting
Shaker-style cabinetry, quartz countertops, subway tile backsplash
Stainless steel appliances
In-unit washer/dryer
Ample closet space
Location: Close to Temple University, SEPTA Regional Rail, and major transit routes. A commuter-friendly and high-demand rental area.
BONUS:
10-Year Tax Abatement – Low operating costs
Perfect for investors, 1031 Exchange buyers, or anyone seeking a low-maintenance, high-return asset.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Interior Features Floor Plan - Open, Kitchen - Eat-In, Intercom, Kitchen - Island, Primary Bath(s), Recessed Lighting, Skylight(s), Walk-in Closet(s), Bathroom - Walk-In Shower, Breakfast Area
Hot Water Electric
Heating Central
Cooling Central A/C
Equipment Dishwasher, Disposal, Dryer, Microwave, Intercom, Icemaker, Oven/Range - Electric, Refrigerator, Washer
Fireplace N
Appliance Dishwasher, Disposal, Dryer, Microwave, Intercom, Icemaker, Oven/Range - Electric, Refrigerator, Washer
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 202116001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, PHFA
Listing Terms Cash, Conventional, FHA, PHFA
Financing Cash,Conventional,FHA,PHFA
Special Listing Condition Standard
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