2600 Reed St Philadelphia, PA 19146

Property Details for 2600 Reed St

Year built

2024

Property size

8,644 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents three brand-new duplexes (six total units) located on Reed Street in Philadelphia's desirable Point Breeze neighborhood. These Class A properties, built in 2024, boast a total of 8,644 square feet on a 2,800 square foot lot, offering a compelling price per square foot of $271.86 and a price per unit of $391,666.67. Each duplex features two units, each with three bedrooms and three bathrooms. High-end finishes include quartz countertops and stainless steel appliances. Unit #1 in each duplex includes a large backyard, while Unit #2 boasts a private roof deck. The property benefits from a 10-year tax abatement. Conveniently located near Wharton Square Park, Center City, and Passyunk Square, residents enjoy easy access to public transportation (bus routes 7 and 29), local amenities, and vibrant neighborhood life. This fee-simple ownership offers a stabilized multifamily investment with significant potential for long-term growth. The permitted zoning is multi-family, ensuring future flexibility. This is a rare opportunity to acquire a portfolio of six units in a prime location, offering both immediate income and substantial appreciation potential. The property is offered at an asking price of $2,350,000.