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Fully-occupied, income-producing duplex in West Philadelphia with $3,345/month in gross rental income and about 5 years of remaining tax abatement. Each unit offers 2 bedrooms and 2 full bathrooms, fully renovated in 2020 with modern finishes throughout. Features include quartz countertops, stainless steel appliances, central air, in-unit laundry, recessed lighting, and hardwood flooring. The upper unit enjoys a private balcony, the lower unit has private rear outdoor area, while both units include open-concept layouts and spacious closets. Unit 1 is leased for $1565/mo + $70 utility fee, and Unit 2 is leased for $1625/mo with an $85 utility fee, for a total of $40,140/year in gross scheduled income - an in-place cap rate of 7.5%. Ideal turnkey investment with strong rental history and minimal maintenance. Located on a quiet block with convenient access to public transit, major universities, and commercial corridors. Turnkey cash-flowing asset in appreciating West Philly submarket. Perfect for investors or 1031 exchange buyers, as well as owner-occupants looking to live in one unit and rent the other. Showings available by appointment with minimum 48 hour notice.
Property Type(s):
Multi Family
| Last Updated | 5/2/2025 | Tract | COBBS CREEK |
|---|---|---|---|
| Year Built | 1925 | Community | 19139 (19139) |
| County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Electric Water Heater, Gas Oven, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer |
| AREA | 19139 (19139) |
| BASEMENT | Other, Unfinished, Yes |
| EXTERIOR | Balcony |
| HEAT | Central, Natural Gas |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 22.00 x 66.00 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STYLE | Other |
| SUBDIVISION | COBBS CREEK |
| TAXES | 1343 |
| WATER | Public |
| ZONING | Multifamily 2 Unit |
Location
Listing provided by Select Commercial Advisors
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 5/3/25 8:16 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
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