2217 W Thompson St, Philadelphia, PA 19121

Property Description

What if you could own a beautiful triplex, live in one unit, and have your tenants help pay the mortgage? Welcome to this rare find in Brewerytown! Built in 2022, this brick triplex offers 3 units, 7 bedrooms, 7.5 baths, and 2,857 square feet of space. Best of all, it comes with a chance to take over the seller's 5.0% FHA mortgage rate! Qualified buyers who plan to live in the property may be able to keep this rate, with lender approval. Plus, about 6.5 years remain on the full tax abatement, which transfers to the new owner. Current property taxes are just $2,309 a year, a savings of over $9,000 a year compared to the estimated taxes without the abatement! Two units are already rented and bring in $3,600 every month. Unit 1 has 3 bedrooms, 3.5 baths, two levels, and a private backyard. It rents for $2,150 per month through April 2027. Unit 2 has 2 bedrooms and 2 baths and rents for $1,450 per month on a month-to-month lease. Want to live here? Unit 3 is vacant and ready for you! This bright top-floor home has 2 bedrooms, 2 baths, quartz countertops, stainless steel appliances, its own washer and dryer, and a private roof deck with stunning views of the Philadelphia skyline. Picture relaxing outside while taking in the city lights! Each unit has central air, its own utilities, and private laundry. All 3 units are licensed with the City of Philadelphia. With newer systems and a building that's only four years old, this property offers the perks of newer construction. Investors will love the potential to earn $62,100 a year in total rent when all three units are leased. At just $276 per square foot, this property also offers strong value. Located steps from Girard College and minutes from Fairmount, Girard Avenue, Kelly Drive, and Center City, it's close to so much of what Philadelphia has to offer. Whether you want to live here and collect rent or add a newer triplex to your investment portfolio, this is an opportunity worth seeing. Schedule your tour today!