2004 N 8Th Street

Philadelphia, PA
$ 1,100,000 Beds 9 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

Welcome to this amazing turnkey investment opportunity in a booming neighborhood surrounded by new construction. This is a legal 4-unit new construction property with a FULL 10-Year TAX ABATEMENT that is slated for completion by January 2021. This property is massive and runs street to street from 8th Street to Darien Street providing for convenient access from either side of the building. Unit 1 is a 4 bed, 2 bath bi-level unit including the basement and first floor. The basement features 2 bedrooms, 1 full bathroom, mechanical room, laundry room, storage and a den. The 1st floor includes a living room, dining room, modern and luxurious kitchen, full bathroom and 2 bedrooms. Units 2-4 are 2 bed, 1.5 bath units that are identical in layout. You enter the unit from the common area stairwell and will find a bright living room and powder room towards the front of the floor plan. Back near the entrance you will find the dining room and kitchen combo. Past the kitchen in the hallway, you will find the mechanical room and laundry room. In the middle of the floor plan there is a large bedroom, a full bathroom and another large bedroom to the back of the building. The back part of the building features a metal staircase providing access to each unit and to the common area outdoor patio space. The back patio can feature a bike rack for the residents of the property. This amazing investment opportunity has a projected rental income of $8,000/month which results in nearly a 7% CAP rate. Please see attached building plans for more details on the property. All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.

Multi-Family

  • Price
  • $ 1,100,000
  • Lot Size
  • 1,742 SqFt
  • Bedrooms
  • 9
  • Full Bathrooms
  • 0
  • Year Built
  • 2020
  • Half Bathrooms
  • 0
  • City, Zip
  • Philadelphia
  • Taxes
  • $ 451
  • County
  • PHILADELPHIA
  • Style
  • Straight Thru
  • Area
  • 19122
  • MLS#
  • PAPH965670
  • Zip
  • 19122
Listing Provided by: Keller Williams Philly
Data Source: Bright MLS

Features

General

Accessibility None
Architectural Style Straight Thru
Basement Fully Finished
Construction Completed Y/N No
Construction Materials Mixed
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 192
Garage Y/N No
Heating Forced Air
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19122 (19122)
Municipality PHILADELPHIA
New Construction Yes
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 4, Unit 3
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 392.16
Property SubType Quadruplex
Property Type Multi-Family
PropertyCondition Excellent
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Subdivision Name TEMPLE UNIVERSITY
Tax Annual Amount 451.0
Tax Lot 92
Tax Year 2021
Total Units 4
Two Bedroom 3
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1

Interior Features

Basement Y/N Yes
Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Electric
Living Area 2805
Three Bedroom Units Count 1

Exterior Features

Inclusions All appliances for each unit
Lot Dimensions 15.50 x 99.09
Lot Size Acres 0.04
Lot Size Source Assessor
Lot Size Square Feet 1536.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Blue Bell, PA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

12/11/2020 Listed $1,400,000
2/8/2021 4% - $1,350,000
3/10/2021 8% - $1,250,000
6/1/2021 12% - $1,100,000

Property vs Zip Code Average in 19122

Price
AVG $730K
$1.1M
Taxes
AVG $1,863
$451
Visits
AVG 61
231
Year Built
AVG 1977
2020
Walkscore
AVG 81
77
Data Provided by Walkscore ® not using MLS data

Map

2004 N 8Th Street Philadelphia, PA is a Single Family Home for sale at $1100000 and a lot size of 1,742 SqFt Acre(s). 2004 N 8Th Street Philadelphia has 9 bedrooms, 0 baths and was built in 2020. The property's zip code is 19122 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.