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Updated about 3 years ago,

User Stats

1,400
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899
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Troy Sheets
Pro Member
  • Developer
  • Philadelphia, PA
899
Votes |
1,400
Posts

New Construction Philadelphia Duplex Video and Numbers!

Troy Sheets
Pro Member
  • Developer
  • Philadelphia, PA
Posted

Here's a video walk through of a new construction duplex in the West Kensington neighborhood of Philadelphia I recently completed and got leased up. I sourced the lot on the MLS, took the project through architecture, zoning, and permitting, then GC'ed the build myself. The lower unit rented for $1800 and the upper unit for $1900. ARV is $550k on the low end and up to $600k in this crazy market. Depending on appraisal this project will come close to if not fully cash out. It has a 10 year tax abatement so in essence you only pay taxes on the land, not the improvements, for the next 10 years.

Video Walk Through of Upper Unit

  • Troy Sheets
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