1931 E Huntingdon Street Philadelphia, PA 19125
Presenting 1931 E. Huntingdon Street, a new construction triplex with 7 years left on tax abatement in one of Philadelphia's hottest sub markets, EAST KENSINGTON. Originally built by the STAMM DEVELOPMENT GROUP, this stabilized asset is primed for future appreciation with approved building plans for 1, 000 units within a half mile radius!!! Whether you are looking to take advantage of a 1031 exchange or live in one unit and rent out the others; this is the perfect property to allocate funds into a positive cash flowing asset producing $80, 700 in Gross Potential Income, at a 7.1% CAP RATE!!! Each unit features Schlage keyless entry with video intercom, a gorgeous kitchen with quartz countertops, Samsung stainless steel appliances, white shaker cabinets, penny tile backsplash, Delta Chrome Fixtures, luxury vinyl plank flooring that is scratch proof and water resistant, and LED recessed lighting. Unit 1 is a spacious 2-bedroom, 2 full bathroom bi-level apartment on the 1st floor and basement with a lease in place for $2, 500/month and will be sold FULLY FURNISHED! This unit also features a private backyard space. Unit 2 is a 2-bedroom, 2 full bathroom bi-level unit comprised of a living room, dining room, and kitchen projected at $1875/month. The second floor contains one bedroom and one bathroom, kitchen, and a spacious living area with a private balcony. The other bedroom is a private suite downstairs, in the rear of the building with its own private bathroom as well. Unit 3 is a ONE OF A KIND, 2-bedroom, 2 full bathrooms, plus bonus loft space and walk out roof deck with 20 ft ceilings and large glass windows currently rented for $2350/month! One bedroom is on the 3rd floor rear with the other located on the 4th floor with a full bathroom. This spacious triplex is only steps away from Philadelphia Brewing Co., York-Dauphin Station and Huntingdon Station into Center City, Urban Axes, Franny Lou's Porch, Temple University Hospital, Amalgam Coffeehouse, Martha, Memphis Taproom, Save-A-Lot Grocery, and much more. Reach out to the listing agent to schedule a private showing. Property is located in a PA Federal Opportunity Zone.
- Property TypeMulti-Family
- NeighborhoodEast Kensington
- CountyPhiladelphia
- Taxes$2,296
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive
- MLS ID NumberPAPH2353152
- Home Size Source Estimated
- Year Built2021
- Lot Size0.03 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Traditional
- Construction BrickVinyl Siding
- Parking On Street
- Sewer Public Sewer
- Basement Fully Finished
- Number of Stories 4
- Acreage 0.03
- Water Public
- Property Sub Type Triplex
- Attached Garage No
- Foundation Concrete Perimeter
- Zoning RM1
Interior Features
- Cooling Central A/ CElectric
- Heating CentralForced AirElectric
- Appliances DishwasherDisposalDryer - ElectricEnergy Efficient AppliancesExhaust FanIcemakerIntercomMicrowaveOven/ Range - ElectricStainless Steel AppliancesRefrigeratorWasherWater Heater - High- Efficiency
- Flooring Hardwood
- Interior Combination Kitchen/LivingFloor Plan - OpenIntercomKitchen - IslandSprinkler SystemUpgraded Countertops
- Window Features Window Treatments
Exterior Features
- Roof Rubber
- Spa No
- Waterfront Property No
- Patio And Porch BrickBalconies- MultipleDeck(s)
Community Features
- MLS Area 19125 (19125)