Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
4,232
4340-42 Cresson St, Philadelphia, PA 19127 Prime Manayunk Duplex | $595,000 | Priced to Sell! | 5 Beds 3 Full Bath Listed at **$595,000** with a tax-assessed value of **$618,900**, this exceptional commercial duplex presents a rare opportunity to own a versatile income-producing property on an extra-large, double-wide corner lot in the heart of Manayunk, just steps from Main Street. Both units are currently tenant occupied and generate a significant monthly rental income. The Cresson Street unit features 2 nicely sized bedrooms, 1 full bathroom, an eat-in kitchen, living room, walk-in closet, and a dedicated laundry room. The washer and dryer were recently replaced. The Grape Street unit offers 3 bedrooms and 2 full bathrooms, along with a generously sized eat-in kitchen and dining room featuring a gas fireplace. The expansive living room ceilings, exposed ductwork, wet bar, and third-floor loft/third bedroom create a distinctive industrial-modern feel. The unit has also been recently refreshed with new paint and new carpeting, and the property has a recently redone rubber roof. Both units feature central air conditioning and gas heat. A full basement with a separate entrance provides valuable additional space that could be used for storage, workspace, or potentially additional rental income, subject to applicable approvals. The property's CMX-2.5 zoning allows for a variety of commercial uses, creating tremendous flexibility for an investor, owner-occupant, small business owner, or entrepreneur. The property could potentially accommodate a storefront or small business, while the existing residential units already provide income. Located in one of Manayunk's most desirable and walkable areas, this property offers the combination of location, income, flexibility, and future upside that today's investors are looking for. Property Highlights: * $595,000 asking price * $618,900 tax-assessed value * Commercial duplex on an extra-large double-wide corner lot * CMX-2.5 zoning * 2 tenant-occupied units * Below-market rent on the 2-bedroom unit offers upside * 3BR / 2BA Grape Street unit * 2BR / 1BA Cresson Street unit * Central A/C in both units * New paint & carpeting in Grape Street unit * Recently replaced washer & dryer in Cresson Street unit * Recently redone rubber roof * Full basement with separate entrance * Steps from Main Street and all that Manayunk has to offer **Whether you're looking for a strong investment property, a flexible commercial/residential opportunity, or the ultimate house-hacking setup, this property is ready to deliver. Let the tenants help pay the mortgage while you build equity in one of Manayunk's prime locations. Priced to sell—don't miss this opportunity!**
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Walk-In Closet(s), Bar
-
Total Bedrooms
5
-
Bathrooms
N/A
-
Above Grade Finished Area
4232.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Gas
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Natural Gas, Hot Water
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1,332
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Other
Price
-
Sales Price
$595,000
-
Tax Amount
$8,663
-
Financing Options
Cash, FHA, VA, Conventional
-
Sq. Footage
4,232
-
Price/SqFt
$140
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Tax Lot
31
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Evan Charles Streeter, Tara Management Services Inc
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Owner, Chief Executive Officer, Portfolio Advisor
Nick Polinchock
Call Nick today to schedule a private showing.
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