PA > Philadelphia > Norris Square
Philadelphia, PA 19122,2139 N 9TH ST
Philadelphia, PA 19122,2139 N 9TH ST
Philadelphia, PA 19122,2139 N 9TH ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$590,000
Est. payment /mo
2,450 SqFt
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UPDATED:

10/02/2024 08:07 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,450 sqft

Price per Sqft $240

Subdivision Norris Square

MLS Listing ID PAPH2393714

Style Contemporary

Abv Grd Liv Area 2,450

Originating Board BRIGHT

Year Built 2024

Annual Tax Amount $818

Tax Year 2024

Lot Size 830 Sqft

Acres 0.02

Property Description

Seize a lucrative investment opportunity with 2139 N 9th, a newly constructed duplex in the booming 19122 multifamily market. This property is particularly appealing with Unit 2 having been rented out for $2,100 per month, showcasing its strong income potential. This duplex, meticulously designed for modern living, offers a compelling chance for investors to secure high returns and long-term value.
The lower unit features a spacious 1250 SF bi-level layout with 3 bedrooms, 3 bathrooms, and a generous rear yard—ideal for attracting quality tenants. The upper unit, which previously rented for $2,100, includes a 1300 SF bi-level design with 3 bedrooms, 3 bathrooms, and an impressive rooftop deck with stunning skyline views. With a projected pro forma annual rent of $50,000, this property delivers a robust cap rate of over 7%.
Both units offer modern, flexible floor plans, high ceilings, large windows, and sleek finishes including wide plank flooring, recessed lighting, shaker-style cabinetry, subway tile, quartz countertops, and stainless steel appliances. Located in a high-demand area near Temple University and the Septa Regional Rail, this property is perfectly positioned for strong rental demand.
Benefiting from a 10-year tax abatement to keep operating costs low and a 1-year builder warranty for added security, this investment opportunity blends immediate income potential with long-term growth. Act quickly—schedule a viewing and capitalize on this high-yield investment before it's too late!

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM1

Rooms

Basement Fully Finished

Interior

Interior Features Combination Dining/Living, Floor Plan - Open, Sprinkler System

Hot Water 60+ Gallon Tank

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Roof Type Fiberglass

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 202161101

Ownership Fee Simple

SqFt Source Estimated

Security Features Security Gate,Sprinkler System - Indoor

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by Emre Yucel • HomeSmart Realty Advisors
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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