Great investment opportunity to purchase 4 new construction homes in an area that’s seeing tremendous development.
This package of four homes is being offered at a 7.03% cap rate. An amazing opportunity to get in early on a block and area that’s seeing tremendous development with seven new construction homes on E Rush St already having been built. These beautiful and spacious 3 bed 2.5 bath new construction townhomes come with a 10-year tax abatement! Taxes only paid on the land with a fixed tax rate of less than $500 annually for the next 10 years.
On the main level is the kitchen complete with modern quartz countertops, shaker soft cabinets, stainless steel appliances. Then enter the spacious living room which leads into entry to a private, spacious fenced-in rear yard. The backyard is perfect for entertaining family and friends and half of the backyard has grass. Perfect for pets. Walk up the stairs to 2 big bedrooms with generous closet space, large windows, designer bathroom, and 2nd-floor washer dryer. Continue upstairs to the gorgeous master suite and modern bathroom. Take the spiral staircase to the roof which has unobstructed views of the Philadelphia skyline.
This home comes with a 1-year Builders Warranty and 10 year tax abatement. Great value in this hot up and coming neighborhood. These homes are located near shopping and dining at some incredible Philly staples, including Tacconelli’s Pizza and Hinge Cafe. Very close proximity to Fishtown and Northern Liberties and easy/quick access to 95 expressway and multiple public transportation options.
| Price: | $$1,215,000 |
| Address: | 401 E Allegheny Ave |
| City: | Philadelphia |
| State: | PA |
| Zip Code: | 19134 |
