2114 North 8th Street

Philadelphia PA 19122

2213 sq. ft.

942 sq. ft.

Duplex

Currently for sale - view listing

Overview

**Photos of property will be updated this week* Welcome to 2114 Eighth Street ? FULLY LEASED New Construction Duplex in Hot 19122! Incredible investment opportunity in one of Philadelphia?s fastest-growing multifamily submarkets. This brand-new, fully leased duplex features two spacious bi-level units, modern finishes, and strong rental income. Unit 1 offers 3 bedrooms, 2 bathrooms, a private rear yard, and rents for $1,700/month. Unit 2 includes 3 bedrooms, 3 bathrooms, a rear deck off the living room, and a massive skyline roof deck, currently leased for $2,000/month. Annual rental income: $44,400 Pro forma CAP Rate: 7% Each unit features: Open-concept floor plans High ceilings and large windows Wide plank flooring & recessed lighting Shaker-style cabinetry, quartz countertops, subway tile backsplash Stainless steel appliances In-unit washer/dryer Ample closet space Location: Close to Temple University, SEPTA Regional Rail, and major transit routes. A commuter-friendly and high-demand rental area. BONUS: 10-Year Tax Abatement ? Low operating costs Perfect for investors, 1031 Exchange buyers, or anyone seeking a low-maintenance, high-return asset.

Features

6 bedrooms

2213 sq. ft. floor area

942 sq. ft. lot size

Duplex

Property history for 2114 North 8th Street

2022

Sold

$45,000

01 Apr 2022

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