Brand New Duplex with 10-Year Tax Abatement & Builder's Warranty - Just Blocks from booming American Street Corridor and walking distance to Fishtown, offering quick access to some of Philly's best new restaurants, cafes, breweries, and bars. Welcome to 507 W Dauphin Street, a beautifully renovated duplex offering the perfect… Read More blend of modern design, income potential, and location. This fully rehabbed property comes with a 10-year tax abatement and a 1-year builder's warranty. With projected annual income of $37,800 and a cap rate of 8.5%+, this property checks all the boxes for strong cash flow in one of Philadelphia's hottest growth areas. making it an exceptional opportunity for first-time homebuyers, savvy investors, or those looking for a 1031 exchange. This duplex features two bi-level units, each with 2 spacious bedrooms and 2 full bathrooms. Both units are outfitted with high-end kitchens featuring quartz countertops, sleek modern cabinetry, stainless steel appliances, and designer backsplashes. You'll love the oak hardwood floors throughout, with durable tile flooring in the finished basement levels. Each bathroom is thoughtfully designed with contemporary tilework and stylish vanities, and both units include large laundry rooms for added convenience. The first-floor unit also boasts a massive private backyard, ideal for entertaining or creating a peaceful city oasis. A security system with camera is also included for peace of mind. Bonus for owner-occupants: This property qualifies for generous grant programs and low down payment options, making it easier than ever to start building equity while earning rental income. Read Less
Courtesy of Serge Maslennikov, Tesla Realty Group, LLC [email protected]
Listing Snapshot
Days Online
25
Last Updated
Property Type
Townhouse
Square Ft.
1,530
Lot Size
0.02 Acres
Year Built
1930
MLS Number
PAPH2513436
Additional Details
Basement
Full
Building
1,530 sqft living area, Built in 1930, Structure Type: Interior Row/Townhouse, 1 unit in building, Straight Thru, Masonry
Cooling
Central Air, Electric, Central A/C
Foundation
Stone
Heating
Natural Gas, Forced Air
Lot
1,065 sqft, Lot Size Dimensions: 15.00 x 71.00, 0.02 acres
Property
Other Structures: Above Grade, Below Grade, 2 two-bedroom units
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