610 N Union St, Philadelphia, PA 19104

Description

Introducing a recently developed ground-up construction duplex investment opportunity in Philadelphia’s rapidly evolving Mantua neighborhood, one of West Philadelphia’s most active development corridors, just minutes from University City. Completed in 2023, this modern asset benefits from Philadelphia’s original 10-year tax abatement with approximately seven years remaining, supporting strong cash flow and long-term investment stability. The property features two spacious bi-level apartments, each offering three bedrooms and three full bathrooms with contemporary finishes including wide plank flooring, quartz countertops, stainless steel appliances, dual-tone cabinetry, in-unit laundry, and separately metered utilities. Unit A is currently leased at $2,450 per month and Unit B at $2,650, generating $5,100 in combined monthly income, with lease timing strategically positioned for upcoming renewal cycles that align well with continued rental growth in the area and the opportunity to push rents as demand strengthens. Located near Drexel University, the University of Pennsylvania, Penn Presbyterian Medical Center, CHOP, and other major healthcare and academic employers, the property benefits from consistent tenant demand from students, medical professionals, researchers, and young professionals. Mantua is also directly benefiting from the broader “University City 2.0” wave of expansion, including institutional investment, new mixed-use developments, infrastructure improvements, and retail growth that continue to elevate the neighborhood’s desirability while maintaining relative affordability compared to core University City. Additional highlights include a private rear yard for the lower unit and a roof deck with skyline views for the upper unit, making this a turnkey, stabilized investment positioned for both strong income performance and long-term appreciation as the surrounding corridor continues its upward trajectory.