652 N 38TH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,816 sqft
Price per Sqft $204
MLS Listing ID PAPH2539332
Style Contemporary
Year Built 2025
Annual Tax Amount $1,073
Tax Year 2024
Lot Size 912 Sqft
Property Sub-Type Detached
Property Description
This exceptional, high-yield new construction corner duplex at 652 N 38th St offers investors a turnkey asset that currently generates $4,525 per month in gross rental income, leading to an impressive 7%+ capitalization rate in the rapidly appreciating Mantua neighborhood. The property is fully rented and tenant-occupied, guaranteeing immediate cash flow and eliminating lease-up risk. Strategically designed for maximum rental income, the duplex features two desirable 3-bedroom, 3-bathroom units, each offering individual ensuite baths for every bedroom—a prime feature for high-demand student and professional renters near Drexel and UPenn. Premium finishes like engineered hardwood and quartz countertops ensure durability and appeal, while luxury amenities, including a private backyard for the lower unit and a private roofdeck for the upper unit, command premium rents. Furthermore, the investment is protected by a pending 10-year tax abatement to maximize net operating income, along with a 3-year roof warranty and a 1-year builder warranty, making this a stable and lucrative addition to any investment portfolio.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Engineered Wood
Equipment Built-In Microwave,Dishwasher,Disposal,Exhaust Fan,Freezer,Icemaker,Microwave,Oven/Range - Electric,Refrigerator,Stainless Steel Appliances,Washer/Dryer Hookups Only,Water Dispenser
Exterior
Exterior Feature Roof,Patio(s)
Water Access N
View City
Roof Type Fiberglass
Building
Lot Description Corner
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type High
New Construction Y
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,FHA,VA,Conventional
Listing Terms Cash,FHA,VA,Conventional
Special Listing Condition Standard
Virtual Tour https://mls.homejab.com/property/view/652-n-38th-st-philadelphia-pa-19104-usa