2609 2609-11 Federal St

Philadelphia, PA 19146
  • $1,850,000

    Price
  • 8

    Bed
  • Bath
  • 6,732

    SqFt

About the Listing COMPASS1 - 3378984

**Investor's Dream and Owner-Occupied Opportunity in Rapidly Developing Point Breeze!** Welcome to this exceptional fully rented multi-use quadplex over commercial situated in the vibrant and rapidly evolving neighborhood of Point Breeze, Philadelphia. Constructed in 2020, this modern gem combines luxury with practicality, offering a fantastic opportunity for both investors and owner-occupied buyers. **Key Features:** - **New Construction**: Completed in 2020, this mixed-use building boasts contemporary design and high-quality finishes throughout, ensuring low maintenance for years to come. - **Ten-Year Tax Abatement**: Enjoy significant savings with a full tax abatement, enhancing your investment returns. - **Fully Rented**: You have the option to move into the commercial space and/or Unit-B. If you prefer, it can be delivered rented along with the other three apartments. The stable rental income makes this an attractive investment opportunity. - **Investment Potential**: With ongoing development in the area, property values are expected to rise, making this an excellent long-term investment. **Group Purchase Opportunity:** This property can be purchased individually or as part of a group purchase with three other fully-rented new construction buildings located at 1105 S. 27th St, 1107 S. 27th St, and 2613 Federal St. This presents a rare opportunity to quickly expand your rental portfolio with instant rental income. Secure these strategically located properties and benefit from the thriving rental market in Philadelphia. Whether you are looking to expand your investment portfolio or seeking a property where you can live and generate income, this duplex offers versatility and financial benefits. Don't miss out on this opportunity to own a piece of one of Philadelphia's most promising neighborhoods. Schedule a viewing today and envision the possibilities! Commercial Office + Garage - 1.5 bath Unit-A - 2 bed / 2 bath Unit-B - 2 bed / 2 bath Unit-C - 2 bed / 2 bath Unit-D - 2 bed / 2 bath

Listing Highlights for 2609 2609-11 Federal St

Status Active
Days on Site 69
Property Type Multi-Family
MLS ® PAPH2511066
Year Built 2020
Total Square Footage 6,732
Lot/Acreage 0.06
County Philadelphia
Neighborhood Point Breeze
School District Philadelphia City

Interior Details

  • Bedrooms: 8
  • Bathrooms: Full
  • Appliances: Stainless Steel Appliances, Dishwasher, Washer - Front Loading, Dryer - Gas, Oven/Range - Gas, Refrigerator, Freezer
  • Air Cond: Central A/C
  • Heating: Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 6732
  • Below Ground Sq Ft: 0
  • Basement: Partially Finished
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: Not New Construction,Horse Property: No
  • Garage Capacity: 8 car
  • Parking Spaces: 10
  • Lot Dimensions: 32.00 x 76.00
  • Zoning: CMX2
  • Roof: Fiberglass
  • Others: Roof Deck,Excellent
  • Sewer: Public Sewer
  • Parking Features: Oversized,Attached Garage,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces

Financial Details

  • Tax Amount: $13,582
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2024

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2609 2609-11 Federal St Philadelphia, PA 19146

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Originating MLS: BRIGHT_MAIN

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