507 W Dauphin St

Brand New Duplex with 10-Year Tax Abatement & Builder’s Warranty – Just Blocks from booming American Street Corridor and walking distance to Fishtown, offering quick access to some of Philly’s best new restaurants, cafes, breweries, and bars. Welcome to 507 W Dauphin Street, a beautifully renovated duplex offering the perfect blend of modern design, income potential, and location. This fully rehabbed property comes with a 10-year tax abatement and a 1-year builder’s warranty. With projected annual income of $37,800 and a cap rate of 8.5%+, this property checks all the boxes for strong cash flow in one of Philadelphia’s hottest growth areas. making it an exceptional opportunity for first-time homebuyers, savvy investors, or those looking for a 1031 exchange. This duplex features two bi-level units, each with 2 spacious bedrooms and 2 full bathrooms. Both units are outfitted with high-end kitchens featuring quartz countertops, sleek modern cabinetry, stainless steel appliances, and designer backsplashes. You'll love the oak hardwood floors throughout, with durable tile flooring in the finished basement levels. Each bathroom is thoughtfully designed with contemporary tilework and stylish vanities, and both units include large laundry rooms for added convenience. The first-floor unit also boasts a massive private backyard, ideal for entertaining or creating a peaceful city oasis. A security system with camera is also included for peace of mind. Bonus for owner-occupants: This property qualifies for generous grant programs and low down payment options, making it easier than ever to start building equity while earning rental income.