Nestled in the vibrant Belmont neighborhood of Philadelphia, this duplex offers a prime investment opportunity for those seeking a turnkey property in a thriving community. Renovated just a few years ago, this fully rehabbed duplex is in excellent condition, boasting modern finishes such as stainless steel appliances, hardwood-like flooring, tiled backsplashes, and in-unit laundry in both apartments. The building is currently 100% occupied, with Unit 1, a 2 bed, 2 bath, renting for $1,705 per month, and Unit 2, a spacious 3 bed, 3 bath, renting for $1,910 per month. The property also benefits from 6 years remaining on the tax abatement. Each unit is generously sized and features contemporary appliances and fixtures. Furthermore, the inclusion of subsidized (PHA) rents in one or both of the units provides a reliable income stream for investors. Belmont’s growing popularity among renters, combined with its potential for future appreciation, makes this property a smart choice for investors looking to build wealth through real estate.
MLS# | PAPH2291360 |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | Active |
Year | 1915 |
Days On Site | 348 |
Listing Provided By | BHHS Fox & Roach-Center City Walnut | ERIC Andrew Dvotsky |
SQ Feet | 1,772 |
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Zoning | CMX2 |
Acreage | 0.04 |
State | PA |
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County | Philadelphia |
City | Philadelphia |
Zip Code | 19104 |
Area | 19104 |
School District | The School District Of Philadelp |
Listing VS Median (in 19104) | |
Price: $419,900 low | high Med: $0 On Site: 348 low | high Med: |