1611 W Erie Ave , Philadelphia, PA 19140
Philadelphia, PA 19140
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 passschedule your visit today!
Details
| MLS# | PAPH2423830 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 48 |
| Listing Provided By | RE/MAX @ HOME | Maria Maria Quattrone Quattrone |
Features
| SQ Feet | 1,728 |
|---|---|
| Basement | Y |
| Zoning | RM1 |
| Acreage | 0.04 |
| Property View | Yes |
Market Activity 19140
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19140 |
| Area | 19140 |
| Community Name | Nicetown Tioga |
| School District | The School District Of Philadelp |
| Listing VS Median (in Nicetown Tioga) | |
Price: $250,000 low | high Med: $85,000 SqFt: 1,728 low | high Med: 1,497 $ / SqFt: $145 low | high Med: $69 On Site: 48 low | high Med: 4.500000 | |
