Philadelphia, PA 19121 1302 N 22Nd Street

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Presented By: Compass Pennsylvania, LLC
  • MLS# PAPH2410314
  • 10/17/2024
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  • Beds • 7

Home Details

Introducing a premier investment opportunity nestled in the heart of the vibrant Brewerytown section of Philadelphia: the newly constructed Quadraplex at 1302 N 22nd Street. This meticulously designed property, completed in 2021/2022, embodies modern living and strategic investment, making it an enticing addition to any discerning investor's portfolio. This Quadraplex is fully occupied, providing immediate and consistent cash flow. The property boasts a thoughtfully crafted unit mix, with one spacious one-bedroom unit and three generously sized two-bedroom units. This configuration not only maximizes rental income but also appeals to a diverse tenant base, ensuring long-term occupancy and stability. One of the standout features of this investment is the full tax abatement in place until the end of 2032. This abatement significantly reduces operating expenses, thereby enhancing net cash flow and maximizing your return on investment. Additionally, the property's location within a Qualified Opportunity Zone offers the potential for substantial tax incentives, presenting an excellent opportunity for long-term investors looking to capitalize on these benefits. Brewerytown itself is a neighborhood on the rise, known for its rich industrial history and burgeoning cultural scene. The area is experiencing a renaissance, with an eclectic mix of trendy shops and vibrant eateries all contributing to its unique charm. Its proximity to Center City Philadelphia further enhances its appeal, offering residents easy access to the city's bustling financial districts, cultural landmarks, and entertainment venues. For investors seeking a property that combines modern amenities with strategic financial benefits, 1302 N 22nd Street is a compelling choice. This Quadraplex not only promises immediate income but also offers the potential for significant appreciation and tax advantages over time. Dont miss out on this rare opportunity to secure a stronghold in one of Philadelphias most promising neighborhoods. Contact us today to learn more about this exceptional property and arrange a viewing. Your next smart investment awaits! **Offering Memorandum available upon request.
Presented By: Compass Pennsylvania, LLC

Interior Features for 1302 N 22Nd Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric

General for 1302 N 22Nd Street

AccessibilityRamp - Main Level, Other Bath Mod
Architectural StyleStraight Thru
CityPHILADELPHIA
Construction Completed Y/NYes
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsUse GPS
Garage Y/NNo
HeatingForced Air
Lot Size Square Feet1072.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2025-03-13T12:52:00
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total4
Number of Units Leased4
One Bedroom Units Count1
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG265.33
Property ConditionExcellent
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Tax Annual Amount2010.0
Tax Assessed Value143600.0
Tax Lot167
Tax Year2025
Total SQFT3392
Two Bedroom3
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2022
Year Built SourceAssessor
ZoningRM1

Exterior for 1302 N 22Nd Street

Foundation DetailsConcrete Perimeter
Land Assessed Value143600.00
Land Use CodeSR
Lot Dimensions16.00 x 67.00
Lot Size Acres0.02
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $899,999
MLS#PAPH2410314
List Date 10/17/2024
Property Type Multi-Family
Phone 703.929.4729
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