About 2609-11 Federal St
**Investor's Dream and Owner-Occupied Opportunity in Rapidly Developing Point Breeze!** Welcome to this exceptional fully rented multi-use quadplex over commercial situated in the vibrant and rapidly evolving neighborhood of Point Breeze, Philadelphia. Constructed in 2020, this modern gem combines luxury with practicality, offering a fantastic opportunity for both investors and owner-occupied buyers. **Key Features:** - **New Construction**: Completed in 2020, this mixed-use building boasts contemporary design and high-quality finishes throughout, ensuring low maintenance for years to come. - **Ten-Year Tax Abatement**: Enjoy significant savings with a full tax abatement, enhancing your investment returns. - **Fully Rented**: You have the option to move into the commercial space and/or Unit-B. If you prefer, it can be delivered rented along with the other three apartments. The stable rental income makes this an attractive investment opportunity. - **Investment Potential**: With ongoing development in the area, property values are expected to rise, making this an excellent long-term investment. **Group Purchase Opportunity:** This property can be purchased individually or as part of a group purchase with three other fully-rented new construction buildings located at 1105 S. 27th St, 1107 S. 27th St, and 2613 Federal St. This presents a rare opportunity to quickly expand your rental portfolio with instant rental income. Secure these strategically located properties and benefit from the thriving rental market in Philadelphia. Whether you are looking to expand your investment portfolio or seeking a property where you can live and generate income, this duplex offers versatility and financial benefits. Don't miss out on this opportunity to own a piece of one of Philadelphia's most promising neighborhoods. Schedule a viewing today and envision the possibilities! Commercial Office + Garage - 1.5 bath Unit-A - 2 bed / 2 bath Unit-B - 2 bed / 2 bath Unit-C - 2 bed / 2 bath Unit-D - 2 bed / 2 bath
Features of 2609-11 Federal St
MLS® # | PAPH2511066 |
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Price | $1,850,000 |
Bathrooms | 0.00 |
Square Footage | 6,732 |
Acres | 0.06 |
Year Built | 2020 |
Type | Multi-Family |
Sub-Type | Other, Interior Row/Townhouse |
Style | Contemporary |
Status | Active |
Community Information
Address | 2609-11 Federal St |
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Area | 19146 |
Subdivision | POINT BREEZE |
City | PHILADELPHIA |
County | PHILADELPHIA-PA |
State | PA |
Municipality | PHILADELPHIA |
Zip Code | 19146 |
Amenities
# of Garages | 8 |
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Garages | Oversized |
Is Waterfront | No |
Interior
Appliances | Stainless Steel Appliances, Dishwasher, Washer-front loading, Dryer - Gas, Oven/Range-Gas, Refrigerator, Freezer |
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Heating | Forced Air |
Cooling | Central A/C |
Fireplace | No |
Has Basement | Yes |
Basement | Partially Finished |
Exterior
Exterior | Brick and Siding, Block |
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Exterior Features | Roof Deck |
Roof | Fiberglass |
Foundation | Concrete Perimeter, Slab |
School Information
District | PHILADELPHIA CITY |
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Additional Information
Zoning | CMX2 |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Compass RE |
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Contact Info | (267) 435-8015 |