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    2400 W Thompson Street

    PHILADELPHIA, PA 19121
    • $835,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: PAPH978588
    UPDATED: 19 min ago
    $835,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,067
      SQFT
    • $272
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2016
    County:

    School Ratings & Info

    Description

    Welcome to 2400 W. Thompson Street. This is an amazing opportunity to own a new construction quadplex, fully occupied, in the highly desirable Brewerytown section of Philadelphia. As an added bonus, this property has nearly five years left on the tax abatement (ending September 2025). This fully leased asset provides steady rental income with significant opportunity to increase the rent for each unit; all with low operating costs in an area that continues to appreciate year after year. All units are modern, spacious 2 bed/1 bathroom on a highly desirable block in Brewerytown with tons of new construction surrounding the property. All units have modern kitchens with stainless steel appliances, recessed lighting, and in-unit washer and dryer. The property is within walking distance to all the shops and restaurants on Girard Avenue, Fairmount Avenue, and museums on the Ben Franklin Parkway. Not to mention the property is in close proximity to Fairmount Park, Center City, public transportation, and all major highways. This is a value add opportunity you don't want to miss in one of Philadelphia's most popular neighborhoods. This property can be purchased individually or as part of a portfolio with 10 units located at 1228-32 N. 25th Street. Seller is a licensed Broker in the state of PA.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-08T13:53:24.69.
    www.ramusrealty.com/homes/113233767
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    2400 W Thompson Street PHILADELPHIA, PA 19121

    • Price: $835,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: PAPH978588
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    3,067
    SQFT
    $272
    $/SQFT
    2016
    Built
    Neighborhood:
    Brewerytown
    County:
    Philadelphia
    Area:
    19121 (19121)
    School District:
    The School District Of Philadelphia
    Property Description
    Welcome to 2400 W. Thompson Street. This is an amazing opportunity to own a new construction quadplex, fully occupied, in the highly desirable Brewerytown section of Philadelphia. As an added bonus, this property has nearly five years left on the tax abatement (ending September 2025). This fully leased asset provides steady rental income with significant opportunity to increase the rent for each unit; all with low operating costs in an area that continues to appreciate year after year. All units are modern, spacious 2 bed/1 bathroom on a highly desirable block in Brewerytown with tons of new construction surrounding the property. All units have modern kitchens with stainless steel appliances, recessed lighting, and in-unit washer and dryer. The property is within walking distance to all the shops and restaurants on Girard Avenue, Fairmount Avenue, and museums on the Ben Franklin Parkway. Not to mention the property is in close proximity to Fairmount Park, Center City, public transportation, and all major highways. This is a value add opportunity you don't want to miss in one of Philadelphia's most popular neighborhoods. This property can be purchased individually or as part of a portfolio with 10 units located at 1228-32 N. 25th Street. Seller is a licensed Broker in the state of PA.
    Exterior Features

    Architectural Style Traditional Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3067 Appliances Built-In MicrowaveDishwasherDisposalWasher/Dryer StackedStainless Steel Appliances Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Fireplaces Total 0 Heating Forced Air Heating YN Yes Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 4

    Property Features

    Acceptable Financing CashConventionalFha Accessibility Features None Assessment Year 2020 Association YN No Central Air YN Yes Cooling Fuel Electric Existing Lease Type YearlyMonth To Month Gross Income 65100.00 Heating Fuel Electric Hot Water Electric Incorporated City Name Philadelphia Insurance Expense 3117.00 Maintenance Expense 1200.00 Navigable Water YN N Net Operating Income 48939.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense 12906.00 Operating Expense Includes TrashSnow RemovalInsurance Original MLSNumber 304444820177 Other Expense 3015.00 Owner Pays Water Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Septic Structure Design Type End Of Row/Townhouse Tax Annual Amount 2017.00 Tax Assessment Amount 144124.00 Tax Lot 49 Total Actual Rent 65100.00 Trash Expense 300.00 Vacation Rental YN No Water Source Public Zoning Cmx2

    Listing courtesy of Fifth Realty.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-08T13:53:24.69.
     
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