610 N Union St - Apartments FOR SALE


Philadelphia, PA 19104- Mantua
$740,000 USD
267-243-4652
610 N Union St, Philadelphia, PA for Sale
$740,000 USD
Apartments - FOR SALE
1/26
null | 7.26% Cap Rate

610 N Union St
Philadelphia, PA 19104
Mantua


HIGHLIGHTS

  • Opportunity Zone
  • Desirable layouts
  • Private Roof-deck
  • Close to University of Pennsylvania
  • Close to Drexel to University
  • 8-Years left on Original Tax Abatement

OVERVIEW

Introducing an amazing investment opportunity in the heart of University City. This recently constructed duplex, completed in 2023, offers not only modern luxury and strong rental income but also the highly sought-after original Philadelphia 10-year tax abatement, with eight years remaining an advantage that enhances long-term returns. Just moments from Drexel University and the University of Pennsylvania, this property features two meticulously designed bi-level apartments that seamlessly blend luxury and functionality. The open-concept layouts are bathed in natural light, complemented by wide plank flooring, gleaming stainless-steel appliances, and gourmet kitchens outfitted with dual-colored cabinetry, quartz countertops, and stylish accent lighting. Each unit boasts three spacious bedrooms and three well-appointed bathrooms, ensuring ample accommodation for tenants. Unit A is currently leased at $2,450 per month, while Unit B rents for $2,650, generating a combined $5,100 in monthly rental income. Both units feature expansive common areas and oversized walk-in closets, with Unit 1 offering a private backyard and Unit 2 showcasing a stunning roof deck with panoramic city views. Designed for convenience, the property includes separate metering for gas, water, and electric, along with in-unit washers and dryers. Its prime location near Drexel University and Penn Presbyterian Hospital makes it an ideal choice for students, medical professionals, and university staff. With a Walkscore of 81, a Transit Score of 61, and a Bike Score of 98, residents enjoy effortless access to public transportation, University City, and Downtown Philadelphia. Surrounded by a diverse array of restaurants, cafes, and boutiques, this property epitomizes urban living at its finest. Contact us today to learn more about 610 Union St and take the next step in elevating your real estate portfolio.

FOR SALE DETAILS

PRICE

$740,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

2

PRICE/UNIT

$370,000

CAP RATE

7.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

610 Union St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

RM1

APN/PARCEL ID

242235510

ASK ABOUT THIS PROPERTY

Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

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Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

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