2327 N 3Rd St Philadelphia, PA 19133
- Commercial real estate
- 2,700 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2327 N 3Rd St
- Year built
- 2021
- Property size
- 2,700 SF
- Property type
- Commercial real estate
Description
This exceptional new construction duplex in Philadelphia's desirable 19133 zip code presents a compelling investment opportunity. Boasting a 7.01% cap rate and a strong pro-forma NOI of $39,978, this property offers immediate cash flow. The building, completed in 2021, features two spacious bi-level units, each with two bedrooms and one and a half bathrooms. Unit one includes a private backyard, while unit two offers a private roof deck. Both units are currently rented at 100% occupancy with renewed leases, providing immediate income. Modern finishes throughout include in-unit washer/dryers, open-concept living/kitchen areas, stainless steel appliances, and quartz countertops. The property benefits from an eight-year full tax abatement, significantly reducing real estate taxes. With a total square footage of 2,700 across both units, the asking price is $570,000, or $285,000 per unit. Conveniently located less than five minutes from Fishtown and Northern Liberties, this property offers excellent access to amenities and public transportation. Ample on-street parking is available. This property is zoned for multi-family use and is part of a rapidly developing area. The property is offered as a single unit sale, but the possibility of purchasing additional new construction duplexes in the area is available. Financial details are available upon request.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1383355
- Latitude
- 39.9862121
