2352 West Thompson Street

Philadelphia, PA 19121

$829,000
Price
7
Beds
4
Baths
3,419 Sq. Ft.
$242 / Sq. Ft.
3,419
Sq. Ft.
$242
per Sq. Ft.

Description

Fantastic Corner BRAND NEW CONSTRUCTION Mixed-Use Triplex, with 2 Residential Units and 1 Commercial Unit, For Sale in the rapidly expanding Brewerytown neighborhood of Philadelphia! The property has an APPROVED PHILADELPHIA 10 YEAR TAX ABATEMENT for the new owner! A completion certificate will be submitted to the City Office of Property Assessment when the Certificate of Occupancy is obtained. The Pro Forma uploaded to the listing has projected rents, income, expenses and net operating income. Take...Fantastic Corner BRAND NEW CONSTRUCTION Mixed-Use Triplex, with 2 Residential Units and 1 Commercial Unit, For Sale in the rapidly expanding Brewerytown neighborhood of Philadelphia! The property has an APPROVED PHILADELPHIA 10 YEAR TAX ABATEMENT for the new owner! A completion certificate will be submitted to the City Office of Property Assessment when the Certificate of Occupancy is obtained. The Pro Forma uploaded to the listing has projected rents, income, expenses and net operating income. Take advantage of this unique opportunity to realize market rents with strong upside growth potential and minimal operating expenses. The rear Unit, #2, has 3 Bedrooms, 2 Full Bathrooms, a PRIVATE REAR FENCED IN YARD, a Washer/Dryer and is an estimated 1,354 square feet! There is an elegant first floor modern open kitchen with granite countertops and brand new stainless steel appliances. Two of the bedrooms are on the second floor, which even features a JULIET BALCONY that streams tons of natural light along with the Big Windows. There is a bedroom in the finished basement, and a bonus room for an office or gym. The Projected Average Rent is $2,100 monthly. The top Unit, #3, features 4 Bedrooms, 2 Full Bathrooms, a HUGE PRIVATE ROOF DECK with incredible views of Center City, a Washer/Dryer and is an estimated 1,344 square feet! All of the bedrooms are located on the third floor. The second floor features a large modern open kitchen, great for cooking, and an expansive living room area for relaxing and entertaining. The Projected Average Rent is $2,400 monthly. All of the Building Systems are New, and the cooling and heating are electric. The two residential units offer durable luxury vinyl plank flooring and large floor plans. The Commercial Unit is perfectly situated on the Ground Floor, featuring Two Entrances, an open floor plan and an ADA accessible ramp. Plus, there is a Finished Basement with a Large Half Bathroom and a modern mini split system for cooling and heating. This unit is an estimated 721 square feet. The Projected Average Rent is $1,500 monthly. This building will be a great appreciating asset. Tenants will enjoy the close walkable proximity to Brewerytown’s growing Girard Avenue commercial corridor, being nearby Center City, the Benjamin Franklin Parkway, Fairmount and public transportation (Girard Ave trolleys to and from Center City, nearby buses). Street parking is available!
  1. Listed by Michael Edward Cohen • KW Empower
    P: 2155701920 mcohen@tcsgroup.com

Property Details for 2352 West Thompson Street

Tax ID Number
871000033
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Contemporary
Waterfront
No
Views
City
Garage
No
Expected On Market Date
05-21-2024

Location

Listing Courtesy of KW Empower
Add your commute
LISTING UPDATED: 05/23/2024 04:24 PM

Property Details for 2352 West Thompson Street

StatusActive
MLS #PAPH2352402
Days on Market3
Taxes$160 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2024
Lot Size0.03 AC / 1,128 SF
CountyPhiladelphia County

Location

Listing Courtesy of KW Empower
Add your commute

Building Information for 2352 West Thompson Street

Stories-Residences3Year Built2024Building Size-Lot Size0.03 AC / 1,128 SF

Payment Calculator

$4,538 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,524

Property Taxes

$13

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2352 West Thompson Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 802785881492
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19121 (19121)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $11,500
  • Year Assessed: 2023
  • City Town Tax: $72
  • Land Assessed Value: $11,500
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Zoning: CMX-2
  • Zoning Dscrp: Neighborhood Commercial Mixed-Use-2
  • School Tax: $88
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: None
  • Units Leased Count: 0
  • Number Of Units Vacant: 3
  • Vacancy Allowance Rate: 5.00%
  • Number Of Units Month To Month: 0
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Unit Type Finished SQFT: 721
  • Beds Total: 0
  • Half Baths Count: 1
  • Full Baths Count: 0
  • Unit Type Features: Commercial, ground floor ADA accessible ramp
  • Total Rooms: 4
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Unit Type Finished SQFT: 1354
  • Beds Total: 3
  • Full Baths Count: 2
  • Unit Type Features: Private Rear Fenced-In Yard, In-Unit Washer and Dryer
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: No
  • Unit Type Finished SQFT: 1344
  • Beds Total: 4
  • Full Baths Count: 2
  • Unit Type Features: Large Private Roof Deck, In-Unit Washer and Dryer
Financial Information
Expenses
  • Operating Expense: $16,200
  • Operating Expense Includes: Insurance, Snow Removal, Trash
  • Insurance Expense: $2,900
  • Professional Management Expense: $3,600
Financial Information
  • Net Operating Income: $54,360
  • Annual Rental Income: $72,000
  • Income Includes: Apartment Rentals, Other
  • Existing Lease Type: None
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 16.00 x 72.00
  • Lot Dimensions Source: Assessor
  • Location Type: Urban
  • Parcel ID: 25270832
Parking
Parking
  • Type Of Parking: On Street
  • Parking Features: Public
Interior Features
Interior Features
  • Interior Features: Built-Ins, Floor Plan - Open, Kitchen - Island, Recessed Lighting, Sprinkler System, Upgraded Countertops
  • Fireplace: No
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Sidewalks, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Electric Available, Sewer Available, Water Available
  • Heating: Yes
  • Cooling Type: Central A/C, Programmable Thermostat
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump - Electric BackUp, Programmable Thermostat
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 2352 West Thompson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2352 West Thompson Street

Taxable ValueLand$11,500Additions-Total$11,500
Tax Record2022$161 ($13 / month)
Home Facts
Total Finished SqFt1,434 SqFtAbove Grade Finished SqFt1,434 SqFtStories2Lot Size1,128 SqFtStyleCommercialYear Built1925ZoningCMX2CountyPHILADELPHIAAPN87-1-0000-33

Schools near 2352 West Thompson Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 12
Public - 5 to 12
Rating
School
Distance
Morris Robert School
PublicPK to 8

Vaux HS: A Big Picture School
Public9 to 12

Carver High School
Public7 to 12

Masterman Julia R Secondary School
Public5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2352 West Thompson Street is a multi-family home for sale in Philadelphia, PA 19121. This property was listed for sale on May 21, 2024 by KW Empower, it's currently listed at $829,000. This listing's school district is Philadelphia City School District. Nearby schools include Morris Robert School, Vaux HS: A Big Picture School and Carver High School. 2352 West Thompson Street is a 7-bed, 4-bath, 3,419 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.