1. Pennsylvania
2. Philadelphia
3. 652 N 38TH ST

652 N 38TH ST, Philadelphia, PA 19104

• 2,816 sqft

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.

Listing Status:

Active

Listing Office:

Coldwell Banker Realty : 2159237600

Listing Agent:

Todd Richard Bouchard II : 6094406511

MLS ID:

PAPH2539332

Interior

• General: Bathroom - Walk-In ShowerKitchen - Eat-InKitchen - IslandRecessed LightingSprinkler SystemBathroom - Tub ShowerFloor Plan - OpenPrimary Bath(s)Bathroom - Stall ShowerCeiling Fan(s)Combination Kitchen/Living
• Appliances: Built-In MicrowaveDishwasherDisposalExhaust FanFreezerIcemakerMicrowaveOven/Range - ElectricRefrigeratorStainless Steel AppliancesWasher/Dryer Hookups OnlyWater Dispenser
• Basement: Fully finishedSump pump
• Flooring: Engineered wood
• A/C: Central A/C
• Heating: CentralElectric
• Disability Feature: None

Exterior

• General: Roof DeckAbove GradeBelow Grade
• Style: Contemporary
• Other Structures: RoofPatio

Construction

• Roofing: Fiberglass
• General: BrickVinyl SidingConcrete Perimeter

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RM1242189400
• View: City

Utilities

• Utilities: 200 amp service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Todd Richard Bouchard II, Coldwell Banker Realty