2135 9Th St Philadelphia, PA 19122
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2135 9Th St
- Year built
- 1920
- Property type
- Commercial real estate
Description
This fully renovated 2-unit apartment building in Philadelphia's desirable 19122 zip code presents a fantastic investment opportunity. The property boasts a total of 2,005 square feet of net rentable space, distributed across two units: a 750-square-foot, one-bedroom, one-bathroom unit and a 1,255-square-foot, three-bedroom, three-bathroom unit. Both units feature modern finishes including shaker-style cabinetry, subway tile, quartz countertops, and stainless steel appliances. Built in 1920 and completely renovated in 2024, the three-story building sits on an 875-square-foot lot and is zoned RM-1. The property benefits from a 10-year tax abatement, significantly reducing operating costs. Pro forma annual rent is estimated at $40,200, yielding an almost 9%+ capitalization rate. Its prime location near Temple University and public transportation makes it highly attractive to renters. A one-year builder warranty is included. This property is ideal for owner-users or investors seeking a strong return on investment, and may qualify for a $10,000 grant for first-time homebuyers.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1477704
- Latitude
- 39.9843888
