Remarks

Discover an exceptional investment opportunity located in the heart of the Allegheny West neighborhood. This corner duplex presents an attractive option for investors and buyers seeking rental income or multi-family living. The prominent corner location enhances visibility and curb appeal, making it a standout property in the area.

The first-floor unit features 2 bedrooms, 1 bathroom, a kitchen, and a living area, with a history of renting for $800 per month. The second-floor unit includes 3 bedrooms, 1 bathroom, and was previously rented for $950 per month. Both units have separate entrances, ensuring privacy and convenience for tenants. Additionally, the property boasts a finished basement, offering extra storage or recreational space.

This property is ideal for someone looking for a fixer-upper, providing the option to live in one unit while renting out the other to reduce living expenses and build equity. Alternatively, it’s a great opportunity for investors looking to expand their rental portfolio. Zoned as CMX-1, the property also offers the possibility of operating a business on the first floor while renting out the second floor, further enhancing its versatility and potential.

Experience the vibrant lifestyle of Allegheny West with a variety of nearby dining options, including Boos' Double Down Lounge, Favor's, Good Garden Restaurant, and Allegheny West Restaurant. Families will appreciate the proximity to educational institutions such as Thomas M Pierce School, Rhodes E Washington School, Mercy Career & Technical High School, and New Harvest Christian Academy. For grocery needs, Pacific Fish & Produce, Yaindhi Grocery Best Hoagies, and Philly Foodworks are conveniently located nearby.

Commuting is convenient with the Allegheny stop on the Manayunk/Norristown Line only 10 minutes away, providing quick access to the city. Nature enthusiasts will enjoy nearby parks, including the historic Connie Mack Stadium, scenic Reyburn Park, and tranquil Fernhill Park. This property offers a perfect balance of convenience, community, and comfort.

With a total monthly rental income potential of $1,750, this property presents a solid investment. Its proximity to public transportation, schools, parks, shopping centers, and dining options enhances its appeal. Don’t miss out on this prime investment opportunity. Contact us today for more information or to schedule a viewing. Please note, the buyer will be responsible for obtaining the Use and Occupancy (U&O) permit.

Details

MLS#: PAPH2362008
Price: $80,000

Year Built: 1940

County: PHILADELPHIA
Subdivision: Allegheny West
Tax Fee: 897.0