5607 N PARK AVE Under Contract Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19141
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Under Contract
Purchase Type For Sale
Square Footage 1,556 sqft
Price per Sqft $128
Subdivision Fern Rock
MLS Listing ID PAPH2482280
Style Traditional
Abv Grd Liv Area 1,556
Year Built 1920
Annual Tax Amount $3,236
Tax Year 2024
Lot Size 2,368 Sqft
Acres 0.05
Lot Dimensions 20.00 x 118.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Charming Duplex in Fern Rock – Income-Generating Opportunity! Welcome to 5607 N Park Avenue, a well-maintained, legally zoned duplex situated in the desirable Fern Rock neighborhood of Philadelphia with all rental licenses active and one unit vacant. This property offers an incredible investment opportunity, with a current gross monthly income of $2,300. The first unit is a 1-bedroom, 1-bath apartment renting for $1,000/month, while the second unit, currently vacant, is a 2-bedroom, 1-bath apartment with a rental potential of $1,200/month. Featuring a shared laundry room and parking accessible from the back of the property. Located just steps away from the Olney transportation center on the Broad street line for excellent public transportation options. Whether you're looking to expand your investment portfolio or occupy one unit while renting the other, this property provides flexibility and immediate income. Additional highlights include: a large 2,368 sqft. Lot with off-street parking available for multiple cars and a garage, which only requires a garage door installation to maximize its potential. The property also comes with security cameras, not currently active but included in the sale as well as on-site laundry. Plus, enjoy peace of mind knowing the building is certified lead-safe.
As an added bonus, the owner is a licensed realtor, ensuring a smooth and professional transaction.
Don't miss your chance to own this income-producing duplex in a prime location. Schedule your showing today!
Location
State PA
County Philadelphia
Area 19141 (19141)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Steam
Cooling None
Equipment Refrigerator,Stove,Microwave,Washer,Dryer
Fireplace N
Appliance Refrigerator,Stove,Microwave,Washer,Dryer
Heat Source Natural Gas
Exterior
Parking Features Garage - Rear Entry
Garage Spaces 3.0
Water Access N
Accessibility None
Attached Garage 1
Total Parking Spaces 3
Garage Y
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 493225800
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard