Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
2022
Sq.Footage
3,392
Introducing a premier investment opportunity nestled in the heart of the vibrant Brewerytown section of Philadelphia: the newly constructed Quadraplex at 1302 N 22nd Street. This meticulously designed property, completed in 2021/2022, embodies modern living and strategic investment, making it an enticing addition to any discerning investor's portfolio. This Quadraplex is fully occupied, providing immediate and consistent cash flow. The property boasts a thoughtfully crafted unit mix, with one spacious one-bedroom unit and three generously sized two-bedroom units. This configuration not only maximizes rental income but also appeals to a diverse tenant base, ensuring long-term occupancy and stability. One of the standout features of this investment is the full tax abatement in place until the end of 2032. This abatement significantly reduces operating expenses, thereby enhancing net cash flow and maximizing your return on investment. Additionally, the property's location within a Qualified Opportunity Zone offers the potential for substantial tax incentives, presenting an excellent opportunity for long-term investors looking to capitalize on these benefits. Brewerytown itself is a neighborhood on the rise, known for its rich industrial history and burgeoning cultural scene. The area is experiencing a renaissance, with an eclectic mix of trendy shops and vibrant eateries all contributing to its unique charm. Its proximity to Center City Philadelphia further enhances its appeal, offering residents easy access to the city's bustling financial districts, cultural landmarks, and entertainment venues. For investors seeking a property that combines modern amenities with strategic financial benefits, 1302 N 22nd Street is a compelling choice. This Quadraplex not only promises immediate income but also offers the potential for significant appreciation and tax advantages over time. Don’t miss out on this rare opportunity to secure a stronghold in one of Philadelphia’s most promising neighborhoods. Contact us today to learn more about this exceptional property and arrange a viewing. Your next smart investment awaits! **Offering Memorandum available upon request.
Features & Amenities
Interior
-
Total Bedrooms
7
Area & Lot
-
Lot Size(acres)
0.02
-
Property Type
Residential Income
-
Architectural Style
Straight Thru
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
Financial
-
Sales Price
$899,999
-
Tax Amount
2010.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Daniel Baer , Compass Pennsylvania, LLC
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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