501 W NORRIS STREET
501 W NORRIS STREET
501 W NORRIS STREET
501 W NORRIS STREET
501 W NORRIS STREET
501 W NORRIS STREET
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501 W NORRIS STREET
Sold

501 W NORRIS STREET

501 W NORRIS STREET, PHILADELPHIA, PA 19122

$625,000
NEW CONSTRUCTION duplex in South Kensington perfect for investors or owner occupants. This ideal investment property is located in one of the hottest areas in the city near all of the action on Frankford Ave and Front St including easy access to public transportation, restaurants, shops, bars and surrounded by new construction. Also, a quick walk to Temple University campus for students or university employees. This property features 2 units constructed with quality craftsmanship and upgraded finishes throughout and includes an approved 10 Year Tax Abatement. Projected rents are approximately $4200/month or $50,400/annually per building. All units have separate utilities including separate water and electric meters. Some upgrades include large Pella windows and aluminum clad frame doors, brick/stone/steel front, 400A electrical service, 4 inch LED recessed lights, and both units have their own private outdoor space. Each unit includes sanded/finished in place wide plank oak hardwood flooring, upgraded modern kitchens with quartz countertops, subway tile backsplash, stainless steel appliances, custom metal railings, washer/dryer in each unit. Bathrooms have modern 12x24 porcelain tile and brushed nickel plumbing fixtures. The lower unit includes a large bi-level 3bd/2ba with private rear yard. The upper unit includes a bilevel 3bd/3ba with roof deck and skyline views. Possibilities are endless for this great investment opportunity in one of Philly's hottest neighborhoods. The total project consists of four new construction duplex buildings so a savy investor can purchase the package to add to their investment portfolio which is located in a Federal Opportunity Zone.

2,912 Sq.Ft. LIVING AREA

936 Sq.Ft. lot

Wendy Schwartz

Wendy Schwartz

TITLE

Licensed Realtor & Advisor

Features & Amenities

Area & Lot

  • Status Sold
  • Living Area2,912 Sq.Ft.
  • Lot Area936 Sq.Ft.
  • MLS IDPAPH860656
  • TypeMULTI_FAMILY
  • YEAR BUILT2019
  • Architecture StylesStraight Thru
  • School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA

Exterior

  • water SourcePublic
  • HEAT TYPEHeat Pump - Electric Back Up
  • AIR CONDITIONINGCentral A/C
  • sewerPublic Sewer
  • SubstructureBrick, Steel Siding, Stone, Vinyl Siding

Financial

  • Sales Price$625,000
  • Real Estate Tax $350
  • Zoning RM1

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Wendy Schwartz has been helping Buyers and Sellers since 2003. A lifelong resident of North West Philadelphia and its suburbs. Contact us today!

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