Welcome to your bright, very spacious duplex nestled in the heart of Fishtown. This property would make for a perfect house hack by living in one unit and renting the other or as a pure investment with a cap rate of 6.6%. First floor is leased at $1,550 and second floor can be owner occupied or rented for $2,200.
In its former life, your 3-story property used to serve as a neighborhood variety store throughout the 70s and 80s before remodeling. Now, it hosts a chic, open concept 1 bed 1 bath first unit and a lovely 2 bedroom 1 bath second unit that comes with access to the roof deck. This neighborhood landmark also features washer dryer units in both apartments, ready-to-use FIOS, new appliances (downstairs), new roof, new flooring (downstairs), new bathroom (downstairs), new cabinets (upstairs), and new water heater. The full basement is perfect for owner storage: it can be locked off from both units while retaining sidewalk access. There are two street trees and large included planters on the corner, as well as a built-in birdhouse next to one of the included AC wall units.
Enter the first unit to find yourself in a gorgeous, renovated kitchen that flows into a living area filled to the brim with sunlight. You'll also find the washer and dryer and a full bathroom. The second unit, which is an ideal owner's unit, has its own entrance off Sepviva Street where you will find the mudroom and laundry area. A staircase leads to the dining room with oversized windows and a convenient coat closet. The kitchen area features stainless steel appliances, a pantry, and tons of counter and storage space including a center island with additional cabinetry. Sunlight pours over the living area, its fireplace, and original hardwood floors through two walls of windows. In the hall, you'll find this unit's full bathroom. The principal bedroom, which also features original hardwood floors, is abundant in sunlight while the second bedroom has access to the roof deck with unobstructed city views. There is separate basement access via Bilco doors.
Besides spaciousness, a unique history, aesthetic, and quality of living, this duplex also boasts its absolutely excellent location. Some of the best bars and restaurants in the city are right around the corner, not to mention you can hop onto I-95 with your vehicle in just a matter of minutes. The Philadelphia Brewing Co., Memphis Taproom, Martha, and the POPS skatepark are just a short walk away.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th January, 2021 12:09 PM