New Construction
Address
2114 N 8Th Street, Philadelphia, PA
Price
$ 621,777
Property Attributes
- MLS#PAPH2343398
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19122
- NeighborhoodLudlow
- Zip19122
- StyleContemporary
- Year Built2024
- Taxes$ 900
- Price$ 621,777
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
- Lot Size871 SqFt
Data Source:
Bright MLS
Property Description
Introducing 2114 Eighth Street!!! New Construction DUPLEX. Located in one of the strongest and booming Multifamily Market in 19122!!! The building has 2 units, perfectly designed with a functional open floor plan. Great opportunity for first time home BUYER | INVESTOR | 1031 Exchange. Live in one and rent the other out, or receive rental income from both units. UNIT ( ONE ) is a 3BD | 2 BA Bi-level apartment with large rear yard. Pro forma rent of 2,150 / Month!!! Upper UNIT ( TWO ) is a 3BD | 3BA Bi-level apartment with a rear deck off the living room and a massive skyline Roof Deck, pro forma rent of 2,300 / Month!!! Pro forma annual rent: $53,400, Pro forma CAP: 8 %. Both Units feature a flexible floor plan, High ceilings, large windows and an open contemporary feel. Wide plank floors & recessed lighting. Both kitchens are home to shaker-style cabinetry, subway tile, quartz countertops, stainless steel appliances. There is ample closet space and W/D hook up in both units. In a great location for commuters, Close proximity to Temple University and the Septa Regional Rail to Center City. ***Property is currently under construction with an APRIL 2024 delivery date***. Qualify for a grant of up to $17,500 in free grant money, making your homeownership dreams a reality with just 3% down and low PMI for owner occupied buyers! (Income restrictions apply) 10-YEAR TAX ABATEMENT!!! To Keep your operating cost LOW!!! 1 yr Builder Warranty.
| Price History | |
|---|---|
| 4/16/2024 | Listed $621,777 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central A/C |
| Possession | 0-30 Days CD |
| Zoning | RM1 |
| Architectural Style | Contemporary |
| Construction Materials | Brick |
| Year Built | 2024 |
| Property SubType | Duplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | Other |
| County | PHILADELPHIA |
| New Construction | Yes |
| Property Type | Multi-Family |
| Subdivision Name | LUDLOW |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | corner of 8th & Diamond ST |
| ModificationTimestamp | 2024-05-16T13:05:32 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 2 |
| MLS Area | 19122 (19122) |
| Lot Size Square Feet | 942.00 |
| Tax Assessed Value | 64300.0 |
| Waterfront Y/N | No |
| Street Name | 8TH |
| Tax Annual Amount | 900.0 |
| Home Warranty Y/N | Yes |
| Property Condition | Excellent |
| Structure Type | Interior Row/Townhouse |
| Other Units | Unit 1,Unit 2 |
| Price Per Sq Ft Total | 233.66 |
| Construction Completed Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 2661 |
| Days on Market | 32 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Cap Rate | 8.00 |
| Buyer Agent Compensation Type | % Of Base |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Basement | Fully Finished |
| Hot Water | Electric |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
| Three Bedroom Units Count | 2 |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Type of Parking | On Street |
| Foundation Details | Other |
| Water View Y/N | No |
| Lot Dimensions | 17.00 x 57.00 |
| Lot Size Acres | 0.02 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
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
Property vs Multi-Family Average in 19122
Price
Taxes
Visits
Year Built
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