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31699894
31699895

1727 Ingersoll St, Philadelphia, PA 19121

MQ
PA RB069792, PA RS281573
LPT Realty, LLC
Listed by LPT Realty, LLC
$2,725,000
53 days on market
Updated 53 days ago
Opportunity zone

1727-1737 Ingersoll St

Details
APN 471100410, 471100500, 471100610, 471100700, 471100800 & 471100900
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio (+1)
Units 12
Class B
Year Built 2019
Buildings 6
Stories 2
Lot Size (SqFt) 882
Zoning RSA-5
Investment Type Owner/User
Ownership Fee Simple

Six Duplex Buildings (Built 2019) With 4 Years Remaining On Tax Abatement

Marketing description

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!

Investment highlights

Property Highlights

  • Six New Construction Duplexes Built in 2019
  • 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
  • Four Years Remaining on Tax Abatement
  • Turnkey Investment with Strong Cash Flow
  • High-End Finishes & In-Unit Laundry
  • Security Systems and Energy-Efficient Construction

Location Advantage

  • Located Between Francisville & Sharswood Areas
  • Easy Access to Center City, Broad Street, and Temple University
  • Strong Rental Demand Location

Property Details

  • Building Characteristic: 2,114 SQ FT

(Estimated for 1 Building)

  • Lot Size: 882 SQFT

(Estimated for 1 Property)

  • Lot Characteristic: 14.00 X 63.00

(Estimated for 1 Property)

  • Zoning: RSA-5

  • Annual Tax: $1,338

(Estimated for 1 Property)

Listing Contacts

MQ
PA RB069792, PA RS281573
LPT Realty, LLC
Listed by LPT Realty, LLC

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Additional Information

Name
Maria Elena Quattrone
License
RB069792
Brokerage
LPT Realty, LLC
Brokerage Phone
215-607-3535
Brokerage Address
325 Chestnut Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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