2146 N Front St - Multi-Family FOR SALE


Philadelphia, PA 19122- North Philadelphia East
$969,000 USD
267-205-1369
2146 N Front St, Philadelphia, PA for Sale
$969,000 USD
Multi-Family - FOR SALE
1/17
null | 6.6% Cap Rate

2146 N Front St
Philadelphia, PA 19122
North Philadelphia East


HIGHLIGHTS

  • 4 units - New construction with High end finishes, great layouts, roofeck making it very easy to lease
  • 10 year real estate tax abatement with taxes being $215/year only which allows you to pay down your equity faster
  • Fully leased with $6,150/M in rental income
  • In the middle of the fastest growing areas of the city with tons of new construction and new restaurants opening up very frequently.
  • Turnkey and very low maintenance.

OVERVIEW

Experience modern living and smart investing with this newly built property, offering three well-designed residential units plus a commercial storefront in the vibrant heart of Norris Square. This opportunity is perfect for a buy-and-hold investor or a homeowner-occupant (eligible for just 5% down). When fully leased, the property generates $6,150 per month in actual rental income. Currently, Unit 3 has been intentionally left vacant to accommodate buyers who may want to live on site while collecting rent from the other units. With 9 years remaining on the tax abatement, the fast growing and appreciating location and minimal upkeep required, this is a low-maintenance, high-return investment that checks all the boxes. Unit 1: A striking bi-level apartment offering two generously sized bedrooms and two full baths, each appointed with stylish tile finishes. Soaring 9-foot ceilings create a spacious atmosphere throughout. The chef’s kitchen is outfitted with 36-inch sleek, flat-panel cabinetry, quartz counters, a modern herringbone backsplash, and premium stainless-steel appliances. A washer and dryer are included for added convenience. The highlight is private access to a large backyard oasis, perfect for relaxation or entertaining. Unit 2: A contemporary 1-bedroom, 1-bathroom flat designed with laminate flooring, 9-foot ceilings, and a dedicated laundry area. The kitchen features streamlined flat-panel cabinetry, a striking herringbone backsplash, stainless-steel appliances, Unit 3: Occupying the top two levels, this penthouse-style residence includes three spacious bedrooms, each paired with its own full bath. The main-floor primary suite boasts ample room for oversized furniture, a walk-in closet, and a spa-like en-suite with a glass-enclosed shower, tiled floors and walls, and modern vanities. The open living area features a bright kitchen with quartz counters, flat-panel cabinetry, stainless appliances, and a signature herringbone backsplash. Oversized windows bring in panoramic city views, The crowning feature: a private roof deck with 360-degree vistas of Center City — an ideal setting for outdoor entertaining. Commercial Space: Well sized, Positioned at street level and collecting rent. This newer construction is located in one of Philadelphia's fastest growing and appreciating neighborhoods ,walkable to some of the city's best restaurants, bars and cafes.

FOR SALE DETAILS

PRICE

$969,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

4

PRICE/UNIT

$242,250

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

871000271

ASK ABOUT THIS PROPERTY

Reda AkbilCompass CommercialMore Info
267-205-1369

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Reda AkbilCompass CommercialMore Info
267-205-1369

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