2 Homes 1 Deed: Ideal Duplex Situation?

the ultimate owners unit in graduate hospital

This may be the ideal situation for the buyer torn between buying a home & making an investment (you’ve probably heard multi family in Philly is hot!). The “owners unit” is the whole rowhome & the apartment (another smaller rowhome) is completely separate. Since this apartment has its own Tax ID# & isn’t IN the home you have options: rent it out, renovate the unit for market rate rent, make a really big house, turn it into your home office, create an in law/au pair suite or renovate and sell the whole thing. The home itself is pretty sweet, as is the huge outdoor space. The fact that there is income & 2 car parking makes it much sweeter.

2004-06 fitzwater street details:

$1,150,000
3,770 Square Feet (includes apartment)
$4,108 Annual Taxes
4 Beds/2 Full Baths/1 Half Baths
2 (+) Car Parking
Wood Burning Fireplace
Large Brick Patio with Trees & Plantings
Extra Wide

Separate Bi Level Apartment
2 Beds/1 Bath/Den/Roof Deck
Rented For $825.00 (Long Term Month to Month Lease)
Separate Mechanicals/Utilities

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Traditional Philadelphia Brick Front

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Big Open Kitchen Waiting For Your Finishing Touches

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Wide Open to the Dining Area

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Details! Marble Mantle, Exposed Brick & Beadboard

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Bright & Open to the Patio Perfect for Indoor/Outdoor Style

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Meow: Kitty Cat Not Included

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Living Room & Office Off Kitchen

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Office & Playroom

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Street to Street: Huge Back Patio Leads to Parking

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Lots of Windows Make Bright Bedrooms

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To The Third Floor

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Love These Floors

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Master Bathroom

compare 2006 fitzwater to other homes with owners units:

Price Range: $535,000 to $535,000 Price Average: $535,000
Size Range: 2,292 to 2,292 Sq. Ft. Size Average: 2,292 Sq. Ft.
Gallery List Map
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Under Contract
Contingency
$ 535,000
3329 SPRING GARDEN STREET
Philadelphia, PA 19104
POWELTON VILLAGE
6 Bed / 3 Bath
2,292 Sq. Ft.
Property Type: Multi
MLS® #: 7140255
Courtesy of Urban & Bye
Under Contract
Contingency
$ 535,000
3329 SPRING GARDEN STREET | Philadelphia, PA 19104
POWELTON VILLAGE
MLS® #
Property Type
Beds
Baths
Square Ft
7140255
Multi
6
3
2,292 s.f.
Courtesy of Urban & Bye
Duplex in Powelton Village/ Drexel University area. Located on very desirable block for Drexel area investors, this duplex (with triplex zoning) offers a great opportunity for an owner seeking a great investment property in a great rental location. The first unit features a very large four room one bedroom apartment over the whole first floor with updated kitchen, contemporary bathroom, yard, bedroom, double sized living room, pine floors and wall to wall carpeting. Rent is estimated at 1,100usd per month + electric (owners use now). The second and third floor is presently combined and rented as one unit. A five bedroom apartment with two full baths, two contemporary kitchens, and pine floors. Presently rented at 2,100usd per month plus electric until the end of May, 2018 Other amenities include gas fired hot water heat (1 unit), 40/50 gallon gas fired domestic hot water(1 unit), 200 amp circuit breaker electric (4 meters), updated alarm system. This property has a current 3 unit license, so use as a triplex may be considered. This is essentially a turnkey property ready for an investor with minimal labor. The first floor owners unit will be provided vacant at settlement
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