Description

Introducing an amazing investment opportunity in the heart of University City. This recently constructed duplex, completed in 2023, offers not only modern luxury and strong rental income but also the highly sought-after original Philadelphia 10-year tax abatement, with eight years remaining an advantage that enhances long-term returns. Just moments from Drexel University and the University of Pennsylvania, this property features two meticulously designed bi-level apartments that seamlessly blend luxury and functionality. The open-concept layouts are bathed in natural light, complemented by wide plank flooring, gleaming stainless-steel appliances, and gourmet kitchens outfitted with dual-colored cabinetry, quartz countertops, and stylish accent lighting. Each unit boasts three spacious bedrooms and three well-appointed bathrooms, ensuring ample accommodation for tenants. Unit A is currently leased at $2,400 per month, while Unit B rents for $2,600, generating a combined $5,000 in monthly rental income. Both units feature expansive common areas and oversized walk-in closets, with Unit 1 offering a private backyard and Unit 2 showcasing a stunning roof deck with panoramic city views. Designed for convenience, the property includes separate metering for gas, water, and electric, along with in-unit washers and dryers. Its prime location near Drexel University and Penn Presbyterian Hospital makes it an ideal choice for students, medical professionals, and university staff. With a Walkscore of 81, a Transit Score of 61, and a Bike Score of 98, residents enjoy effortless access to public transportation, University City, and Downtown Philadelphia. Surrounded by a diverse array of restaurants, cafes, and boutiques, this property epitomizes urban living at its finest. Contact us today to learn more about 610 Union St and take the next step in elevating your real estate portfolio.