Property
Beds
2
Full Baths
1
1/2 Baths
None
Year Built
1875
Sq.Footage
828
Rare opportunity in red-hot Fishtown/Kensington area. This unique package deal at 2518 and 2520 Memphis Street features two turnkey rental units that have been established as a duplex since the 1980s by a longtime owner. Unit 2518 is a large 1-bedroom, 1-bathroom first-floor apartment, while Unit 2520 offers a spacious 2-bedroom, 1-bathroom layout on the second floor. Both units have been updated over the last few years and are ready to generate immediate income. Savvy investors will recognize the massive value-add potential to make minor improvements and warrant significantly higher market rents. The property features separate PECO and PGW utility meters for easy tenant management, with one shared water service located at 2518. The basement houses the building mechanicals and is easily accessible from a private exterior entrance on Firth Street. Location is everything, and this property delivers. Tenants will love being just steps away from local favorites like Meetinghouse and Cook + Shaker, and just a short stroll from the vibrant Frankford Avenue corridor. Commuters are just 10 minutes from Center City and have rapid access to I-95. Both units must be sold together. The property is being sold in strictly "as-is" condition, and the seller will not accept any zoning contingencies. Sold as a package deal only.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
1
-
Above Grade Finished Area
828.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
None, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard
-
Main Level Bedrooms
2
-
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)
756.0
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
Straight Thru
Price
-
Sales Price
$175,000
-
Tax Amount
$3,443
-
Sq. Footage
828
-
Price/SqFt
$211
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
KENSINGTON
Property Features
-
New Construction
NO
-
Foundation Details
Brick/Mortar
-
Senior Community YN
NO
-
Tax Lot
46
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
KENSINGTON
Listing Courtesy of Ryan F Gallagher , RE/MAX Access
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Owner, President, Investment Property Advisor
Theresa Kehler
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