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2963-65 CEDAR STREET

PHILADELPHIA, PA 19134

MLS#: PAPH2602832

$379,000

Status: Active
Listing number: PAPH2602832
Listing provided by: KW Empower
Listing agent phone: None
Last update: 4 days ago
On site: 11 days ago
Browse Properties
PORT RICHMOND - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

1,600

Rare turnkey legally zoned duplex with value add potential. Unique side by side multi-family property situated on a large 31x54 lot offering significant long-term potential. Located on a prime block of rapidly developing Port Richmond. It is one block from public transportation and offers easy access to I-95. Port Richmond has quickly become a hot spot for new restaurants, cafes, and development. Each unit currently features around 800 sq ft of living space, and a 2 bedroom 1 bath layout. Both units include hardwood floors throughout, central air, and two outdoor spaces (a back yard area, and a large gated front patio). All utilities, including water, are separately metered and paid by the tenants. Plenty of possibilities. Keep the current tenants, and enjoy the current cash flow. Make value-adding improvements and bring the rents to the top of the Port Richmond market. House hack, live in one unit and rent the other to offset costs. Low operating costs and easy maintenance make this investment a can't-miss opportunity for any investor.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1600.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water, Forced Air, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Side-by-Side

Price

  • Sales Price

    $379,000

  • Tax Amount

    $4,199

  • Sq. Footage

    1, 600

  • Price/SqFt

    $236

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Brick/Mortar

  • Sewer

    Public Sewer

  • Water Source

    Public

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Listing Courtesy of Aaron Byles , KW Empower

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Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Rare turnkey legally zoned duplex with value add potential. Unique side by side multi-family property situated on a large 31x54 lot offering significant long-term potential. Located on a prime block of rapidly developing Port Richmond. It is one block from public transportation and offers easy access to I-95. Port Richmond has quickly become a hot spot for new restaurants, cafes, and development. Each unit currently features around 800 sq ft of living space, and a 2 bedroom 1 bath layout. Both units include hardwood floors throughout, central air, and two outdoor spaces (a back yard area, and a large gated front patio). All utilities, including water, are separately metered and paid by the tenants. Plenty of possibilities. Keep the current tenants, and enjoy the current cash flow. Make value-adding improvements and bring the rents to the top of the Port Richmond market. House hack, live in one unit and rent the other to offset costs. Low operating costs and easy maintenance make this investment a can't-miss opportunity for any investor.

2963-65 CEDAR STREET

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