UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $240
MLS Listing ID PAPH2470604
Style Contemporary
Abv Grd Liv Area 2,700
Originating Board BRIGHT
Year Built 1952
Annual Tax Amount $1,983
Tax Year 2024
Lot Size 1,486 Sqft
Acres 0.03
Lot Dimensions 17.00 x 87.00
Property Sub-Type Interior Row/Townhouse
Property Description
Current Cash Flow:
The first unit is already generating $3,500 per month in rental income. The second unit can be rented for additional revenue or lived in, giving you flexibility and immediate returns.
Property Highlights:
10-Year Tax Abatement until 2033, reducing tax costs and increasing your returns
Proven rental history with over $6,000/month potential across both units
Location:
Located in the heart of Olde Kensington, just a 4-minute walk from popular spots like Luna Cafe, Human Robot, and Sutton's Bar – perfect for socializing and enjoying the neighborhood.
Only a 15-minute walk to the main corridor of Fishtown, offering easy access to trendy restaurants, shops, and entertainment.
Unit 1 (4 Bed, 3 Bath):
Already generating $3,500/month in rent
Fully furnished
Lease in place for the upcoming year, ensuring steady cash flow
Unit 2 (3 Bed, 3 Bath):
Potential to rent for additional income or occupy as an owner
Designed with comfort and modern aesthetics in mind
Shared Backyard:
Expansive, fenced-in backyard shared by both units
Currently furnished and perfect for entertaining or relaxing
Interior Features:
Elegant European-style shaker cabinets
Modern stainless steel appliances
Luxurious custom bathrooms with high-end finishes
High-quality flooring throughout
Take advantage of this already cash-flowing duplex and seize a prime investment opportunity in Olde Kensington!
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Rooms
Basement Full
Interior
Hot Water 60+ Gallon Tank
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 201145301
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
