1727-1737 Ingersoll St - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$2,725,000 USD
215-607-3535
1727-1737 Ingersoll St, Philadelphia, PA for Sale
$2,725,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1727-1737 Ingersoll St
Philadelphia, PA 19121
North Philadelphia West


HIGHLIGHTS

  • Six New Construction Duplexes Built in 2019
  • With 4 Years Remaining On Tax Abatement
  • Unit Breakdown: *** Six 3 Bed, 2 Bath Bi-Level Units *** Six 3 Bed, 3 Bath Bi-Level Units
  • All Units Generate $280,000/Year
  • Seller has Active Rental Licenses for All 12 Units
  • High-End Finishes & In-Unit Laundry

OVERVIEW

Each individual building of the properties qualifies for CRA financing with 3% down, no PMI, and an interest rate lower than FHA. HWA home warranty will be included in the sale of the property. Exceptional turnkey investment opportunity ideally positioned between Francisville and Sharswood area featuring six duplex buildings constructed in 2019, totaling 12 high-end residential units with four years remaining on the tax abatement. This income-producing asset offers strong cash flow and long-term appreciation potential. The unit mix consists of two distinct bi-level layouts: Unit A: 3 bedrooms and 2 bathrooms, with the den counted as the third bedroom. Each Unit A includes a private patio and rents for $1,750 per month. Unit B: 3 bedrooms and 3 bathrooms. Each Unit B offers a courtyard deck and a private roof deck, renting for $2,150 per month. Some of the units showcase grey oak flooring throughout and sleek contemporary finishes, including modern kitchens with quartz countertops and full quartz backsplash, white soft-close cabinetry, stainless steel appliances, stainless steel farm sinks, and large sit-down islands. Bathrooms are beautifully appointed with custom vanities, ultra-modern tile work, and rain shower heads. Additional highlights include recessed lighting throughout and convenient in-unit stackable front-loading laundry. Security and efficiency are top-tier, with ADT alarm systems, motion detection cameras, Ring doorbells, ductless multi-zone HVAC systems, energy-efficient hot water systems, high-efficiency appliances, triple-pane windows, and over-insulated walls and ceilings for maximum cost savings and comfort. Key Bank is offering a 5K credit for this property which can be tied in with the Philly First 10K grant creating future value for the investors. The location provides excellent accessibility, just five minutes from the Route 15 trolley at Girard Avenue and Ridge Avenue, with easy connections to Broad Street, Center City, the Art Museum area, Fairmount, and Temple University. Residents also enjoy proximity to neighborhood green spaces such as Francisville Playground, Franklintown Park, and Abraham Lincoln Playground. Tax ID's for Duplexes: 471100410, 471100500, 471100610, 471100700, 471100800 & 471100900 Schedule your showing today!

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$454 USD /SF

# OF UNITS

12

PRICE/UNIT

$227,083

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

910 SF

ZONING

RSA5

APN/PARCEL ID

471100410,471100500,471100610,471100700,471100800,471100900

ASK ABOUT THIS PROPERTY

Maria QuattroneLPT Realty. Maria Quattrone and AssociatesMore Info
215-607-3535

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Maria QuattroneLPT Realty. Maria Quattrone and AssociatesMore Info
215-607-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.