Updated about 7 years ago on .
$32k NOI - 6.4 CAP Duplex in Philly (Newbold)
This is a rare opportunity to own a gorgeous and high performing zoned duplex in Newbold, complete with 6 years left on the tax abatement. All original tenants. This building was completely gutted and rebuilt 4 years ago with all the latest modern finishes. Tenants pay electric, owner pays water. No Gas!
Unit 1 ($1440)features 2BR, 1BA, HW/Lam Floors, Central HVAC, Granite and Stainless Steel Kitchen with Soft Close Cabinets, Custom Tile Bath, Yard and sole access to a partially finished tile basement with High Ceilings and Laundry.
Unit 2 ($1650) is Bi-Level 3BR, 2BA, HW/Lam Floors, Central HVAC, Granite and Stainless Steel Kitchen with Soft Close Cabinets, Custom Tile Bath, ROOF DECK, and sole outside access to basement for storage. Just off of Broad St, the property is in the heart of South Philly.
As an owner occupied, you can enjoy the Mummers Parade on New Years and get to Center City, the Sports complex and Navy Yard in minutes. Walk to any of the hospitals in the area, or hop the Broad St line subway for a 5 min ride to Center City. A few blocks from Passyunk Square, new cafe across the street and walking distance to shopping, dining and cafes. Unit 1 tenant has a cat and dog. No pets in Unit 2.
Management available.