207 S 49th St, Philadelphia, PA 19139

Property Description

This property qualifies for CRA financing with 3% down, no PMI, and an interest rate lower than FHA. HWA home warranty will be included in the sale of the property. Exceptional investment opportunity in the Walnut Hill neighborhood! This fully renovated four-unit multifamily property, reconstructed in 2021, features four spacious residential units, each offering 2 bedrooms and 1 full bathroom. Ideal for owner-occupants looking to offset their mortgage with rental income or investors seeking a turnkey addition to their portfolio. Designed with modern style and low-maintenance living in mind, each unit showcases hardwood flooring, recessed lighting, granite countertops, white cabinetry, and a full suite of stainless steel appliances, including a refrigerator, range, microwave, and dishwasher. Every unit is individually metered and equipped with its own heater, hot water heater, central air conditioning, and in-unit laundry hookups, providing added convenience and privacy. The first-floor unit offers direct access to the enclosed rear yard, while secure building access is enhanced by a Bluetooth intercom system and electronic door entry. Major building systems, including plumbing, electrical, heating, and central air, were all newly installed during the 2021 reconstruction. A 10-year Tax Abatement has been applied for with the City of Philadelphia. Buyer is responsible for verifying zoning and intended use. Key Bank is offering a 5K credit for this property which can be tied in with the Philly First 10K grant. The 5K credit can be applied toward closing costs or to prepay mortgage, flood/hazard insurance, escrow deposit, real estate taxes, or per diem interest. Conveniently located near shopping, dining, public transportation, and nearby parks including Black Oak and Cedar Park, this is a rare opportunity to own a modern, income-producing property in a growing neighborhood. Schedule your showing today!