Philadelphia, PA 19122,505 W NORRIS ST
Philadelphia, PA 19122,505 W NORRIS ST
Philadelphia, PA 19122,505 W NORRIS ST
$625,000
Est. payment /mo
$639,900
2.3%
Est.Price: ?

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2,912 SqFt
SOLD DATE : 03/31/2020

Key Details

Sold Price $625,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,912 sqft

Price per Sqft $214

Subdivision South Kensington

MLS Listing ID PAPH863242

Sold Date 03/31/20

Style Straight Thru

HOA Y/N N

Abv Grd Liv Area 2,912

Originating Board BRIGHT

Year Built 2019

Annual Tax Amount $328

Tax Year 2020

Lot Size 936 Sqft

Acres 0.02

Lot Dimensions 16 X 58.5

Property Description

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.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM1

Rooms

Basement Fully Finished

Interior

Hot Water Electric

Heating Heat Pump - Electric BackUp

Cooling Central A/C

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID NO TAX RECORD

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Christopher K Somers • Keller Williams Philadelphia
Bought with Keith P Adams • Compass RE

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Danielle Wateridge

Team Lead & Agent | License ID: 0225208883

+1(703) 639-8869

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