Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
Listing photo for 501-507 W Norris St, PHILADELPHIA, PA
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501-507 W Norris St,

PHILADELPHIA, PA

$2,500,000

11,648 Sqft
0.09 Acres

Package of 4 NEW CONSTRUCTION duplexes in South Kensington 19122 perfect for investors. This ideal investment property is located in one of the hottest areas in the city near all of the action on Frankford Ave and Front St including easy access to public transportation, restaurants, shops, bars and surrounded by new construction. Also, a quick walk to Temple University campus for students or university employees. This property features 8 units constructed with quality craftsmanship and upgraded finishes throughout and includes an approved 10 Year Tax Abatement. Projected rents are approximately $17,000/month or $204,000/annually. Buildings are 100% complete and units are currently being leased and some are occupied. All units have separate utilities including separate water and electric meters. Some upgrades include large Pella windows and aluminum clad frame doors, brick/stone/steel front, 400A electrical service, 4 inch LED recessed lights, and both units have their own private outdoor space. Each unit includes sanded/finished in place wide plank oak hardwood flooring, upgraded modern kitchens with quartz countertops, subway tile backsplash, stainless steel appliances, custom metal railings, washer/dryer in each unit. Bathrooms have modern 12x24 porcelain tile and brushed nickel plumbing fixtures. The lower unit includes a large bi-level 3bd/2ba with private rear yard. The upper unit includes a bilevel 3bd/3ba with roof deck and skyline views. Possibilities are endless for this great investment opportunity in one of Philly's hottest neighborhoods. Units were built with modern neutral finishes and with quality materials to minimize maintenance expenses, maximize efficiency, and to stand the test of time. Great investment package to add to your investment portfolio which is located in a Federal Opportunity Zone. Co-listing agent is owner/builder.

Facts & Features
MLS® # PAPH844128
Price $2,500,000
Bathrooms 0.00
Square Footage 11,648
Acres 0.09
Year Built 2019
Type Multi-Family
Sub-Type Other, Townhouse
Style Straight Thru
Status Active
Community Information
Address 501-507 W Norris St
Area 19122
Subdivision SOUTH KENSINGTON
City PHILADELPHIA
County PHILADELPHIA-PA
State PA
Zip Code 19122
Amenities
Is Waterfront No
Interior
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Has Basement No
Fireplace No
Exterior
Exterior Brick and Siding, Steel Siding, Stone, Vinyl Siding
School Information
District THE SCHOOL DISTRICT OF PHILADELPHIA
Additional Information
Date Listed October 21st, 2019
Days on Market 25
Zoning RM1
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Keller Williams Philadelphia
Photo of Susan Mertz

Susan Mertz

Office: (202) 573-8552
Cell: (703) 851-5875

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Listing information last updated on November 14th, 2019 at 3:15am EST.

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