$415,000 Price Analysis    ♡   Philadelphia, PA 19144 7 bed 4 bath 1,932 SqFt ($214/SqFt) 3,335SqFt lot. Built 1900 Listed 2024-05-16, Taxes $1,257 | ✓ USDA Eligible near Philadelphia, PA |
Calling all first time homebuyers and investors!
* Has Contingent Offer *Come explore this perfect combination of family living and prime investment in historic Germantown. A fully renovated duplex- the first unit having 3 bedrooms, 2 full bathrooms and a huge private yard and the second unit having 4 bedrooms with 2 full bathrooms- awaits you right off of Germantown Ave! Nestled in a rare and expansive lot of approximately 3500 sq ft, this property offers ample space for its new owners as well as a extraordinary investment opportunity. And best of all, it offers ALL BRAND CONTEMPORARY mechanics- roof, HVAC systems, water heaters, electrical wiring and separate electric panels, plumbing, windows, appliances- all new updates to give you peace of mind and a lifetime of worry-free ownership! In addition to the new mechanics, as you step inside the property, you will discover a world of modern comfort and convenience. Brand new vinyl flooring with a lifetime warranty from the manufacture offers both style and durability, while the addition of laundry facilities in each unit adds practicality to everyday life. The renovated kitchens boast sleek stainless steel appliances, while updated bathroms feature modern hardware and fixtures, creating spaces that are as functional as they are stylish. A new roof, gutters, flashing, stucco and windows not enhance curb appeal but also promise durability and energy efficiency, making this home as resilient as it is beautiful. Both units are separately metered, offering convenience and easy management of utility costs. With certified appraisers projecting fair market rents at $1850 for Unit 1 and $1800 for Unit 2, this property can generate an estimated gross annual income of $43, 800. Additionally, utilizing depreciation write-offs for 27.5 years provides a powerful tax strategy, ensuring unbeatable ROI regardless of market conditions. Beyond being a property, this duplex is a financial fortress and an ideal home for a buyer searching for passive income. Live in one unit and rent out the other to cover your mortgage and watch as your investment grows. This property sits across the street from a new apartment complex of 350 units in the works, signifying a neighborhood transformation of epic proportions!
Enjoy easy access to Lincoln Drive, Chestnut Hill and Center City within minutes, surrounded by a vibrant array of amenities including cafes, restaurants, bars, p arks and supermarkets that Germantown has to offer. Schedule your showing today!
Presented by Caitlin Dailey at
KW Empower.
Property MLS #PAPH2348174 from BrightMLS
Heating Features: Hot Water
Heating: Yes
Lot Size Square Feet: 3335
Number of 3 Bedroom Units: 1
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 4
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 2
Map directions Map directions Map directionsSource Listing Status: Active Under Contract
County: PHILADELPHIA
Source Property Type: Multi-Family
Area: PHILADELPHIA
Source Neighborhood: PHILADELPHIA
Postal Code Plus 4: 2114
Township: PHILADELPHIA
Property Subtype: Duplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $71,840 + $17,960 $89,800 | $1,257 |
| 2022 | $48,597 + $9,603 $58,200 | $814 |
| 2021 | $48,597 + $9,603 $58,200 | $814 |
| 2020 | $48,597 + $9,603 $58,200 | $814 |
| 2019 | $50,768 + $10,032 $60,800 | $851 |
| 2018 | $57,615 + $11,385 $69,000 | $965 |
| 2017 | $57,615 + $11,385 $69,000 | $965 |
| 2016 | $40,986 + $28,014 $69,000 | $965 |
| 2015 | $109,786 + $28,014 $137,800 | $1,846 |
| 2014 | $109,786 + $28,014 $137,800 | $1,846 |
| 2013 | $6,300 + $1,700 $8,000 | $781 |
| 2012 | $6,300 + $1,700 $8,000 | $754 |
| 2011 | $6,300 + $1,700 $8,000 | $726 |
| 2010 | $6,300 + $1,700 $8,000 | $661 |
| 2009 | $6,300 + $1,700 $8,000 | $661 |
| 2009 | $6,300 + $1,700 $8,000 | $661 |
$415,000
BrightMLS
Listed 2024-05-16
$425,000
BrightMLS
Listing removed 2023-12-06
$0
BrightMLS
Sold 2023-11-30
$95,000
Public Record
Listed 2023-10-20
$110,000
BrightMLS
Year Built: 1900
Construction Materials: Stone
Property Age: 124
Structure Type: Twin/Semi-Detached
House Style: Straight Thru
Architectural Style: Twin/Semi-Detached
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.