New Construction Philadelphia Duplex Video and Numbers!
Here's a video walk through of a new construction duplex in the West Kensington neighborhood of Philadelphia I recently completed and got leased up. I sourced the lot on the MLS, took the project through architecture, zoning, and permitting, then GC'ed the build myself. The lower unit rented for $1800 and the upper unit for $1900. ARV is $550k on the low end and up to $600k in this crazy market. Depending on appraisal this project will come close to if not fully cash out. It has a 10 year tax abatement so in essence you only pay taxes on the land, not the improvements, for the next 10 years.
