Property Description

South Philly duplex with solid rental history and an excellent location, just one block from the Broad Street subway and walkable to neighborhood shopping and eateries. Two character-rich units with separate gas and electric meters. With one unit currently vacant, this is an excellent opportunity for an owner occupant looking to offset their mortgage with rental income. Unit 1 is a ground-floor 1BR with a large living/dining area, efficient kitchen with pass-through window, in-unit washer/dryer and rear grassy yard. Recently vacant and listed for rent at $1,575/month. Unit 2 is a sunny second-floor 2BR with eat-in kitchen, oak built-in wardrobe, private deck and basement access for laundry and storage. Long-term tenant paying $1,379/month on year lease until 9/1/2027. New roof in 2018, New boilers in 2020 and well maintained overall. A solid opportunity for an owner occupant, first-time investor or addition to an existing portfolio. Current FHA mortgage may be assumable at 2.5% interest, with an approximate balance of $274,000 through Freedom Mortgage. Buyer to independently verify eligibility and terms with lender.

Property Features

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