2929 Nicholas Street, PHILADELPHIA, PA 19121 (MLS # PAPH2553596)

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PRICE $300,000 BEDS 3 BATHS 2 HOME SIZE 1,096 sqft LOT SIZE 872 sqft Request More Info Schedule a Showing

Brewerytown Investment "¢ Fully Rehabbed 2018 "¢ Tenant-Occupied, Producing Consistent Income "¢ 4 Years remain on Tax Abatement "¢ Current Taxes Only $791 "¢ 2929 Nicholas Street offers investors a turnkey, income-producing property in the heart of Brewerytown. This 3-bedroom, 1.5-bath porch-front home was completely renovated in 2018-2019 with durable bamboo hardwood flooring, recessed lighting, and a thoughtfully designed open-concept layout. The main level features a spacious living and dining area that flows into a modern kitchen finished with grey shaker cabinetry, white quartz countertops, subway tile backsplash, and stainless steel appliances. Upstairs, you'll find a bright and comfortable primary bedroom, two additional bedrooms with generous closet space, and a beautifully tiled full bath featuring a sleek rain shower and contemporary vanity. The finished basement adds valuable living flexibility and storage. Step outside to a private, fenced rear patio.  Financial highlights make this property stand out: Listed under market value, tenant-occupied, cash flowing, and includes four years remaining on Philadelphia's 10-year tax abatement, with current annual taxes of just $791. Investors benefit from strong neighborhood appreciation, easy access to public transit, and consistent rental demand in this rapidly developing area. Located just a short walk to the Girard Avenue corridor for dining and shops, 0.6 miles to Fairmount Park, less than a mile to Temple University Main Campus, approximately 1.2 miles to Temple University Hospital, and under a mile to the Philadelphia Zoo, this property combines solid income performance with a long-term growth outlook.