Let your tenant pay your mortgage in the Cobbs Creek Section of Philadelphia! This tree-line street is minutes from Public Transportation (Market Frankford Line Septa Trolleys and Buses) Libraries Playgrounds Cobbs Creek Skating Rink and directly across the street from Cobbs Creek Park itself. Living so close to the park you can't avoid joining the dog-walkers joggers people watchers and caregivers that enjoy the park playground and recreational areas. This home is located within ten minutes of UPenn Drexel and other local schools and Universities. You can also get to Center City on Public Transportation in 15 minutes. So the location is great! Let's explore the opportunities. This currently occupied Turn Key Duplex is a great way to earn income while owning your next home or you can purchase it as an Investment property and earn money while you sleep. This RECENTLY RENOVATED DUPLEX with many new upgrades and appliances currently has two 2-bedroom apartments on the first and second floors and space for another 2-Bedroom Apartment in the Basement. (Check zoning first) Average 2-Bedroom apartments in the area rent for $700 - $900 depending on amenities. Each Floor has 2 bedrooms living room full bathroom and eat-in kitchen. This property has separate electric separate heat separate gas and separate Central Air units. There are also set ups for separate utilities for the basement area. An average FHA Loan with 3.5% down at a 4.5% interest rate would be a monthly payment of $850. This would include Principal Interest PMI Average Home owners insurance and taxes. (Monthly payment would vary depending on loan approval and options.) It is currently rented at for $700/month for each unit. Do the math and realize that you can immediately earn a profit as an investor or let your tenant pay most of your mortgage. Either way is a good deal. Schedule a showing today to explore the possibilities of your next adventure!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
