Contemporary
1226 W WESTMORELAND STREET
PHILADELPHIA, PA 19140
MLS#: PAPH2611008
$255,000
Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1935
Sq.Footage
2,208
This is the kind of deal that pencils from day one! A fully renovated 2-unit duplex with serrate utilities steps from Temple University Hospital, available for a quick close with no tenants to navigate and no waiting period to get to work. Lower floors a one bedroom one bath with basement access and a backyard. The upper unit has two bedrooms one bath and ready for tenants the moment you close. Each unit has hardwood, fully renovated kitchen, bath and washer/dryer in each unit. At $255,000 with one unit renting at $995/month and the other at $1,200/month, you're looking at approximately $2,195/month in gross rent and a cap rate in the 8–10% range. The location does the heavy lifting. Temple University Hospital is just 0.2 miles away — a four-minute walk which means your tenant pool includes hospital staff, residents, medical students, and university employees year-round. That's not a seasonal renter market. Temple University Hospital — 0.2 miles (4-min walk) Temple University Main Campus — under 0.5 miles Lewis Katz School of Medicine at Temple — minutes away Broad Street Line (Allegheny Station) — 0.3 miles Wagner Free Institute of Science — nearby The Broad Street Line gives tenants direct access to Center City without a car, which is a significant leasing advantage in this price range.That's stable, professional demand with consistent turnover and reliable income. and RM-1 zoning supports the multifamily use and there is a current active rental license. Seller can close quickly. Building is vacant. No lease-up delay, no inherited tenants, no complications. Just a straightforward acquisition and a property ready to perform.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
2208.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.02
-
Lot Size(square feet)
1059.0
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Contemporary
Price
-
Sales Price
$255,000
-
Tax Amount
$3,449
-
Sq. Footage
2, 208
-
Price/SqFt
$115
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Stone, Brick/Mortar
-
Sewer
Public Sewer
-
Tax Lot
144
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Katherine Vail , Elfant Wissahickon-Rittenhouse Square
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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