$590,000
NEW CONSTRUCTION

Estimated payment $3,169/month

Total Views 1,955
-- Bed
-- Bath
2,700 Sq Ft
$219 Price per Sq Ft

Highlights

  • New Construction
  • 1-minute walk to Lancaster Avenue And 44Th Street
  • Property is in excellent condition
  • 90% Forced Air Heating and Cooling System
  • 60+ Gallon Tank
  • 4-minute walk to God Is Great Park

About This Home

FULLY OCCUPIED! TURN IN KEY INVESTMENT 2 UNITS! COLLECTING 4200$ IN A MONTH. Welcome to TOP NOTCH FINISHED BRAND NEW CONSTRUCTION DUPLEX in one of the most robust rental and investment markets IN UNIVERSITY CITY. This property presents an outstanding investment opportunity, located within walking distance of Drexel University and UPENN. The AMAZING DUPLEX consists of TWO luxury condo-style apartments, each designed with spacious layouts and upscale finishes. Unit #1 features 3 bedrooms and 3 bathrooms and HUGE BACKYARD Unit #2 offers 3 bedrooms and 3 bathrooms and UNOBSTRUCTED 360 Degree ROOFTOP DECK. Each unit boasts an expansive open concept living area, a modern kitchen with upgraded appliances, and generously sized bedrooms with ample closet space. Unit 1 also includes a sizable back patio. All units are individually metered for electric, and each has its own electric furnace and water heater, as well as a washer and dryer. This property is perfect for Drexel / UPENN and as well as with excellent access to public transportation and Downtown Philadelphia. This property is a must-see for investors and first home buyers! The Lastly, it is important to note that the property qualifies for a 10-YEAR TAX ABATEMENT and comes with a 1-YEAR BUILDER WARRANTY. Opportunity is knocking for investors! WHY WOULD YOU WAIT? SCHEDULE SHOWING AND MAKE AN OFFER

Listing Agent

Gazi Ataseven

(267) 774-6886 gztsvn@gmail.com HomeSmart Realty Advisors License #RM426020 Listed on: 04/10/2025

HomeSmart Realty Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $641

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 962 Sq Ft Lot
  • Lot Dimensions are 15.00 x 64.00
  • Property is in excellent condition

Parking

  • Off-Street Parking

Home Design

  • 2,700 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Utilities

  • 90% Forced Air Heating and Cooling System
  • 60+ Gallon Tank

Additional Features

  • Finished Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 259
  • Assessor Parcel Number 062072300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$641

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2024
  • Remarks Public: FULLY OCCUPIED! TURN IN KEY INVESTMENT 2 UNITS! COLLECTING 4200$ IN A MONTH. Welcome to TOP NOTCH FINISHED BRAND NEW CONSTRUCTION DUPLEX in one of the most robust rental and investment markets IN UNIVERSITY CITY. This property presents an outstanding investment opportunity, located within walking distance of Drexel University and UPENN. The AMAZING DUPLEX consists of TWO luxury condo-style apartments, each designed with spacious layouts and upscale finishes. Unit #1 features 3 bedrooms and 3 bathrooms and HUGE BACKYARD Unit #2 offers 3 bedrooms and 3 bathrooms and UNOBSTRUCTED 360 Degree ROOFTOP DECK. Each unit boasts an expansive open concept living area, a modern kitchen with upgraded appliances, and generously sized bedrooms with ample closet space. Unit 1 also includes a sizable back patio. All units are individually metered for electric, and each has its own electric furnace and water heater, as well as a washer and dryer. This property is perfect for Drexel / UPENN and as well as with excellent access to public transportation and Downtown Philadelphia. This property is a must-see for investors and first home buyers! The Lastly, it is important to note that the property qualifies for a 10-YEAR TAX ABATEMENT and comes with a 1-YEAR BUILDER WARRANTY. Opportunity is knocking for investors! WHY WOULD YOU WAIT? SCHEDULE SHOWING AND MAKE AN OFFER
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2700
  • Living Area Sq Ft: 2700
  • Price Per Sq Ft: 218.52
  • Above Grade Finished Sq Ft: 2700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4248

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Construction Completed: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: SR
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 64.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 962.00
  • Property Condition: Excellent
  • Year Assessed: 2025
  • Zoning: RM1

Rental Info

  • Total Actual Rent: 50400.00
  • Vacation Rental: No

Tax Info

  • School Tax: 359.00
  • Tax Annual Amount: 641.00
  • Assessor Parcel Number: 062072300
  • Tax Lot: 259
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $265 $45,800 $45,800 --
2024 $265 $45,800 $45,800 --
2023 $265 $18,900 $18,900 $0
2022 $80 $18,900 $18,900 $0
2021 $80 $0 $0 $0
2020 $80 $0 $0 $0
2019 $80 $0 $0 $0
2018 $80 $0 $0 $0
2017 $80 $0 $0 $0
2016 $59 $0 $0 $0
2015 $56 $0 $0 $0
2014 -- $4,200 $4,200 $0
2012 -- $704 $704 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 For Sale $590,000 +5800.0% $219 / Sq Ft
10/20/2016 10/20/16 Sold $10,000 -41.2% --
10/06/2016 10/06/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $17,000 -- --
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $115,000 None Listed On Document
Deed $20,000 Suburban Abstract Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $710,000 Construction
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2468638

Bright MLS

APN: 062072300