1611 W Erie Avenue, Philadelphia, PA 19140-3640 $270,000

# of Units: 2
Interior Sq. Ft: 1,728
Acreage: 0.04
Age:95 years
Taxes: $1,104
MLS#: PAPH2423830
Subdivision: Nicetown-Tioga
Design/Type:
Twin/Semi-Detached

Description

This updated duplex property located in Nicetown-Tioga neighborhood offers a fantastic investment opportunity. The building features two modern, renovated units with updated finishes and hardwood floors throughout. Unit 1, located on the first floor, includes 2 bedrooms, 1 bathroom, and is currently rented out for $850/month. The first floor also has access to a rear yard from the kitchen and a full basement for additional storage. Unit 2, on the second floor, boasts 3 bedrooms and 1 bathroom and has a living room. This unit is currently occupied by the sellers and will be delivered vacant upon closing. The property has all-new water heaters and gas heaters, installed in October 2024, and the front yard is cemented with a charming white picket fence. All the utilities in the property are separated and the seller has a rental licenses for both units making this a legal duplex. This is an excellent opportunity for an owner occupant to live in one of the units while renting the other out to help offset the monthly mortgage payment. Or this can be a good investment opportunity for for an investor looking to add a well maintained duplex to their renal portfolio. Either way this is a must see for owner occupants and investors alike. The property is being sold in As is Condition. The property qualifies for the CRA program, offering a conventional loan with no mortgage insurance. With a Walk Score of 83, Transit Score of 80, and Bike Score of 52, this location offers excellent accessibility. It's just a few minutes from the Erie Station on the BSL, with quick access to the NRG Station and Fern Rock TC. Nearby, you'll find a variety of restaurants and cafes, including Soul Delicious Catering, Church Chicken, Bravo Pizza, Starbucks, and Coffee Land. The property is situated in the Tioga-Nicetown neighborhood of Philadelphia, close to parks such as Marcus Foster Memorial Stadium, Hunting Park, and Fernhill Park. Don’t let this opportunity pass—schedule your visit today!

Taxes: $1,104
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: Y
Pool: No Pool
School Dist: The School District Of Philadelphia

Features

Utilities
Radiator Heating, Natural Gas, Window Unit(s) Cooling, Electric, Hot Water - Natural Gas, Public Water, Public Sewer

Garage/Parking
On Street

Interior
Built-Ins, Wood Floors, Full Basement, Unfinished Basement, Carpet Flooring, Ceramic Tile Flooring, Wood Flooring, Window Grills

Exterior
Masonry, Sidewalks, Street Lights

Lot
Rear Yard, Urban, Street View

Contact Information

Listing Courtesy of: RE/MAX @ HOME , (215) 607-3535, thelistingteam@liveloveathome.com

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 1/12/2025.