610 Union St

2 Unit Apartment Building | $740,000 ($370,000/Unit) | 6.64% Cap Rate | Philadelphia, PA 19104

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $740,000

Property Type
Multifamily
Square Feet
2,800 SF

Listing Contacts

Eric Dvotsky
Eric Dvotsky
Verified Profile
  • Property Info

Property Overview

Introducing an exceptional investment opportunity in the heart of University City! This newly constructed duplex was completed in 2023 and is just moments away from Drexel University’s and the University of Pennsylvania’s vibrant campus. Step into each of the two meticulously designed bi-level apartments to discover a seamless fusion of luxury and comfort. From the inviting rustic flooring to the gleaming stainless-steel appliances, every detail exudes quality and style. The open-concept layout bathed in natural light welcomes you, while the gourmet kitchen is adorned with dual-colored cabinetry, quartz countertops, and accent lighting. Each unit comprises three spacious bedrooms and three well-appointed bathrooms, offering ample accommodation for residents. Unit A, currently leased at $2,400 per month, and unit B, at $2,600 per month, presents a combined rental income of $5,000 monthly. Both units feature expansive common areas and generously proportioned bedrooms with sizable walk-in closets. Unit 1 boasts a charming backyard, perfect for outdoor relaxation, while Unit 2 enjoys the luxury of a sprawling roof deck offering breathtaking views of Philadelphia's iconic skyline. Moreover, with separate metering for gas, water, and electric, as well as included washers and dryers, convenience is paramount for tenants. Strategically positioned near Drexel University and Penn Presbyterian Hospital, this property caters to the lifestyle needs of students, medical professionals, and university staff alike. With an impressive Walkscore of 81, excellent transit accessibility, and a cyclist's paradise rating of 98, the location ensures effortless connectivity to Downtown Philadelphia and beyond. Surrounded by a plethora of dining options, cafes, and boutiques, this address epitomizes urban living at its finest. From tantalizing Halal cuisine to the cozy ambiance of the Ramen Bar, residents enjoy a diverse array of culinary experiences just steps from their doorstep. Seize the opportunity to secure this prime investment asset today. Contact Philly Home Advisors without delay to unlock the potential of 610 Union St and elevate your real estate portfolio to new heights. This property is ideal for Drexel students, medical professionals, and university staff due to its proximity to Drexel University and Penn Presbyterian hospital. With an abundance of public transportation as well as the proximity to Downtown Philadelphia, 610 Union St gets a Walkscore of 81 out of 100, a 61 out of 100 for transit, and 98 out of 100 for the bikers. This property is located near dozens of restaurants, cafes, and bars; from Halal to the Ramen Bar, there is no shortage of eateries nearby. Along Lancaster Ave, find many different boutiques and stores within a walking distance! This property is not to be missed, contact Philly Home Advisors today to learn more about this incredible investment opportunity!

Property Details

Class
A
Year Built
2022
Stories
4
Lot Size (sq. ft)
871 SF
Units
2

Highlights

  • Opportunity Zone
  • Desirable layouts
  • Private Roof-deck
  • Close to University of Pennsylvania
  • Close to Drexel to University
  • 9-Years left on Original Tax Abatement

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