2411 West Thompson Street

Philadelphia, PA 19121

$574,999
Price
Beds
3,000 Sq. Ft.
$192 / Sq. Ft.
3,000
Sq. Ft.
$192
per Sq. Ft.

Property Details for 2411 West Thompson Street

StatusActive
MLS #PAPH802812
Year Built1915
DOM82
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Lot Size0.03 AC / 1,395 SF
Taxes$2,021 / year
Condo/Co-op Fees-
HOA Fees-
CountyPhiladelphia County

Listing Agent

Contact Agent(s)

Property Details for 2411 West Thompson Street

Subdivision
BREWERYTOWN
Municipality
PHILADELPHIA
Ownership
Fee Simple
Style
Contemporary
Structure Type
Row/Townhouse
County Name
PHILADELPHIA PA

Description

Fully-rehabbed low maintenance duplex in fast growing Brewerytown area of Philadelphia, Pennsylvania. This renovated multifamily building is located in the Qualified Opportunity Zone with a 10yr tax abatement + 1yr builder warranty. Tens of millions being invested in real estate development in this immediate vicinity. Two spacious 3bd/2ba units: Unit 1 = lower unit with yard; pro forma rent 1,975. Unit 2 = top unit with deck leased for $1,999. Pro forma annual income = 47,688. Pro forma annual expenses... = 7,150. Pro forma NOI = 40,538. Pro forma cap rate = 7%. Can be packaged with new construction triplex next door at 2409 (upon completion) for 1.5M total. Developed by leading city builder. Units are now leasing! Strong rent growth and appreciation forecast in this area for years to come. Terrific opportunity for owner-occupied investment. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily. SF estimated.

Location

Listing Agent

  1. Ryan McManus

    Listing Agent

    Compass

Building Information for 2411 West Thompson Street

Stories-Residences2Year Built1915Building Size-Lot Size0.03 AC / 1,395 SF

Payment Calculator

$2,237 per month

30 year fixed, 3.51% Interest

Principal and Interest

$2,068

Property Taxes

$168

HOA Dues

$0

Similar Homes

Property Information for 2411 West Thompson Street

Listing / Compensation / Market Information
    Listing Information
  • Listing Agent MLS ID: 3197472
  • List Agent Full Name: Ryan J McManus (3197472)
  • List Agents: Ryan J McManus (3197472)
  • Listing Agent Full Name: Ryan J McManus
Interior / Building / Parking / Property Information
    Interior Details
  • Tax Total Finished SQFT: 2034
  • Above Grade Fin SQFT: 3000
  • Above Grade Finished Area Units: Square Feet
  • Total Finished SQFT: 3000
    Interior Features
  • Fireplaces Count: 0
  • Central Air: Yes
  • Cooling Type: Central A/C
  • Heating: Yes
  • Heating Type: Central
    Parking Information
  • Garage: No
  • Type Of Parking: On Street
    Pool / Spa Information
  • Pool: No Pool
    Location Information
  • Directions: Call Agent PHL
  • MLS Area: 19121 (19121)
  • Sub System Locale: BRIGHT_MAIN
  • System Locale: BRIGHT
  • Tidal Water: No
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Waterfront: No
    School Information
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 3.00200397108E11
    Building Information
  • Accessibility Features: Other
  • Building Units Total: 2
  • Construction Materials: Masonry
  • New Construction: No
  • Other Structures: Above Grade, Below Grade
    Green Information
  • Clean Green Assessed: No
    Association Information
  • HOA: No
    Unit Information
  • Other Units: Unit 1,Unit 2
  • Number Of Units Vacant: 1
  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Units Leased Count: 1
    Income / Expense Information
  • Net Operating Income: $40,538
  • Operating Expense: $7,150
  • Annual Rental Income: $47,688
    Property Information
  • Property Type: Multi-Family
  • Land Use Code: U50
  • Lot Size Dimensions: 15.50 x 90.00
  • Lot Size Source: Other
  • Lot Size Units: Square Feet
  • Lot SQFT: 1395
  • Lot Size Acres: .03
  • Navigable Water: No
  • Zoning: RM1
  • Age: 1915.0
    Utilities Information
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Sewer Septic: Public Septic, Public Sewer
  • Water Source: Public
Room Information
    Basement
  • Below Grade Fin SQFT: 0
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT: 0
  • Below Grade Unfin SQFT Source: Assessor
Tax / Assessment / Sale Information
    Tax / Assessment Information
  • City Town Tax: $912
  • County Tax: $0
  • School Tax: $1,109
  • Tax Annual Amount: $2,021
  • Tax Lot: 107
  • Tax Year: 2019
  • Tax ID Number: 291047900
  • Year Assessed: 2019
  • Improvement Assessed Value: $101,100
  • Land Assessed Value: $43,300
  • Tax Assessed Value: $144,400
    Sale Information
  • Acceptable Financing: Cash, Conventional
  • Cap Rate: 7.00
  • Possession: 0-30 Days CD
  • Prospects Excluded: No
  • Sale Type: Standard
  • Vacation Rental: No

Property History for 2411 West Thompson Street

DateEvent & SourcePriceAppreciation
Aug 21, 2019Temp Off Market

BRIGHT #PAPH802812

$574,999
Jul 15, 2019Price Change

BRIGHT #PAPH802812

$574,999
Jun 9, 2019Listed (Active)

BRIGHT #PAPH802812

$624,999
DateEvent & SourcePrice
08/21/2019
Temp Off Market

BRIGHT #PAPH802812

$574,999
07/15/2019
Price Change

BRIGHT #PAPH802812

$574,999
06/09/2019
Listed (Active)

BRIGHT #PAPH802812

$624,999

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

Public Records for 2411 West Thompson Street

Taxable ValueLand$25,620Additions$59,780Total$85,400
Tax Record2018$1,195
Home Facts
Beds6Finished Sq.Ft.2,034 SqFtStories3Lot Size1,395 SqFtStyleCondominiumYear Built1915ZoningRM1CountyPhiladelphia

Schools near 2411 West Thompson Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Vaux Roberts High SchoolPublic9-120.1 mi
NR
Morris Robert SchoolPublicPK-80.2 mi
3
Reynolds Gen John F SchoolPublicPK-80.2 mi
NR
Hope Christian AcademyPrivateK-50.2 mi
NR

Vaux Roberts High School

9-12, 0.1 mi, Public

NR

Morris Robert School

PK-8, 0.2 mi, Public

3

Reynolds Gen John F School

PK-8, 0.2 mi, Public

NR

Hope Christian Academy

K-5, 0.2 mi, Private

NR

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.

Similar Homes

2411 West Thompson Street is a multi-family home for sale in Philadelphia, PA 19121. This property was listed for sale on June 9, 2019 by Compass at $574,999. It has been on the market for a total of 128 days and was last sold on October 16, 2017. Nearby schools include Sheridan West, The Workshop School and Girard College. 2411 West Thompson Street is a 0-bed, 0-bath, 3,000 sqft multi-family home built in 1915.

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. No financial or legal advice provided. Equal Housing Opportunity.
The data relating to real estate for sale on this Virtual Office Website is provided in part, by BRIGHT through a licensing agreement. This website may reference real estate listing(s) held by a brokerage firm other than Compass. The information provided by this website is for the personal, non-commercial use of consumers with whom Compass has first established a broker-consumer relationship (as defined by applicable state law) and may not be used for any purpose other than to identify prospective properties such persons may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals. The data contained herein is copyrighted by BRIGHT and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. © 2019 BRIGHT MLS, All Rights Reserved. All rights reserved.