How often do you see 2-for-1 specials in real estate??
We can answer that for you — nearly never! Today must be your lucky day, because this double lot in the Frankford neighborhood of Northeast Philly offers you that exact opportunity at an amazing price.
An unbelievable opportunity for Philadelphia-area investors, this twin home offers you the opportunity to live in one unit and rent out the other to a tenant of your choice!
The Nuts and Bolts:
Renovated in 2011, the property has two separate tax ID numbers and is 2,210 sq. ft. potential. 3 stories tall, the twin consists of two distinct living spaces and is very well maintained. There are two gas boilers, one for each unit, as well as two hot water heaters. The third floor has electric heat, and the unfinished basement is perfect for storage.
Don't forget to ask about first-time home buyer grants!
The 2-bedroom unit on the first floor features the original hardwood flooring, 1 bathroom, a living room, and a spacious dining room. Its selling point is the large, updated kitchen with oak cabinets that leads to the rear yard and garage.
The upper apartment has 3 spacious bedrooms, 2 full bathrooms, and a kitchen. It is a bi-level apartment, spanning the second and third floors.
This space is currently occupied by a tenant on a 2-year lease, which ends in April of 2018. Their rent is $1,050/mo.
The detached, 2-car garage is currently being used as a wood shop, but could be transformed into your choice of flex spaces.
In addition to the garage, there is a driveway that stretches the length of the property offering additional parking convenience.
Shirlene Goff, an experienced member of The Somers Team, is available to help you figure out how this excellent investment opportunity will fit into your portfolio.