79 E High St, Philadelphia, PA 19144

$550,000
2,470
SqFt

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List Price
$550,000
Days on Market
13
MLS#
PAPH2643974
Status
ACTIVE
Type
Multifamily
Style
Colonial
Year Built
1900
County
Philadelphia
Region
19144 (19144)
Neighborhood
Germantown
Subdivision
Germantown

Property Description

If you've been looking for a way into Philadelphia real estate that actually cash flows from day one, take a look at 79 E High St in Germantown. It's a fully renovated duplex, 2,470 square feet on a solid 0.16 acre lot, and one of the two units is already rented through PHA at $1,500 a month, so you're not starting from zero. The second unit is a four bedroom that's sitting vacant right now, giving a new owner the flexibility to lease it up and capture even more upside. Once both units are leased, you're looking at real potential for close to $3,700+ a month in combined rent, or $44,400+ a year. But here's the part that caught my attention. There's a two car garage in the back, and ownership says that parcel is zoned for a four unit development, which means there's a real path to add serious value here beyond just collecting rent. At $550,000, you're getting immediate income plus a legitimate expansion play in one package. This is the kind of deal where the numbers work today and the upside is still sitting right there waiting for someone to go get it. Schedule your showing today.

Additional Information

Acres
0.16
Lot Size
6,969
Living Area
2,470
Cooling
None
Heating
Central
Basement
Yes
Taxes
$3,418

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Calculator source: Real Geeks

Listing courtesy of OCF Realty LLC - Philadelphia. Contact: (215) 735-7368