1931 E Huntingdon Street

Description

Presenting 1931 E. Huntingdon Street, a new construction triplex with FULL 10-year tax abatement in one of Philadelphia's hottest sub markets, EAST KENSINGTON. Brought to you by STAMM DEVELOPMENT GROUP this stabilized asset is primed for future appreciation with approved building plans for 1,000 units within a half mile radius!!! Whether you are looking to take advantage of a 1031 exchange or the current tax codes before they change in 2021; this is the perfect property to allocate funds into a positive cash flowing asset producing $72,850 in Gross Annual Income, at a 7% CAP RATE!!!Each unit features Schlage keyless entry with video intercom, a gorgeous kitchen with quartz countertops, Samsung stainless steel appliances, white shaker cabinets, penny tile backsplash, Delta Chrome Fixtures, luxury vinyl plank flooring that is scratch proof and water resistant, and LED recessed lighting.Unit 1 is a spacious 2-bedroom, 2 full bathroom bi-level apartment on the 1st floor and basement with a lease in place for $1700/month! This unit also features a private backyard space.Unit 2 is a 2-bedroom, 2 full bathroom bi-level unit comprised of a living room, dining room, and kitchen projected at $1900/month. The second floor contains one bedroom and one bathroom, kitchen, and a spacious living area with a private balcony. The other bedroom is a private suite downstairs, in the rear of the building with its own private bathroom as well. Unit 3 is a ONE OF A KIND, 2-bedroom, 2 full bathrooms, plus bonus loft space and walk out roof deck with 20 ft ceilings and large glass windows currently rented for $2300/month! One bedroom is on the 3rd floor rear with the other located on the 4th floor with a full bathroom. This spacious triplex is only steps away from Philadelphia Brewing Co., York-Dauphin Station and Huntingdon Station into Center City, Urban Axes, Franny Lou's Porch, Temple University Hospital, Amalgam Coffeehouse, Martha, Memphis Taproom, Save-A-Lot Grocery, and much more. Reach out to the listing agent to schedule a private showing. Property is located in a PA Federal Opportunity Zone.