Property
Beds
2
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
2,470
If you've been looking for a way into Philadelphia real estate that actually cash flows from day one, take a look at 79 E High St in Germantown. It's a fully renovated duplex, 2,470 square feet on a solid 0.16 acre lot, and one of the two units is already rented through PHA at $1,500 a month, so you're not starting from zero. The second unit is a four bedroom that's sitting vacant right now, giving a new owner the flexibility to lease it up and capture even more upside. Once both units are leased, you're looking at real potential for close to $3,700+ a month in combined rent, or $44,400+ a year. But here's the part that caught my attention. There's a two car garage in the back, and ownership says that parcel is zoned for a four unit development, which means there's a real path to add serious value here beyond just collecting rent. At $550,000, you're getting immediate income plus a legitimate expansion play in one package. This is the kind of deal where the numbers work today and the upside is still sitting right there waiting for someone to go get it. Schedule your showing today.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
N/A
-
Above Grade Finished Area
2470.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stone
-
Parking
Off Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.16
-
Lot Size(square feet)
6,825
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Colonial
Price
-
Sales Price
$525,000
-
Tax Amount
$3,418
-
Financing Options
FHA, VA, Conventional, Cash
-
Sq. Footage
2,470
-
Price/SqFt
$212
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Tax Lot
79
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Darwin Laureano , OCF Realty LLC - Philadelphia
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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