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 $875,000 Price Average: $708,300
Size Range: 2,172 to 2,652 Sq. Ft. Size Average: 2,372 Sq. Ft.
Gallery List Map
1 3 of 3
Under Contract
Contingency
$ 875,000
718 S 22ND STREET
Philadelphia, PA 19146
GRADUATE HOSPITAL
3 Bed / 2/1 Bath
2,652 Sq. Ft.
Property Type: Multi
MLS® #: 7202032
Courtesy of Elfant Wissahickon-Rittenhouse Square
Under Contract
Contingency
$ 875,000
718 S 22ND STREET | Philadelphia, PA 19146
GRADUATE HOSPITAL
MLS® #
Property Type
Beds
Baths
Square Ft
7202032
Multi
3
2/1
2,652 s.f.
Courtesy of Elfant Wissahickon-Rittenhouse Square
A rare opportunity awaits in this bright and sunny corner duplex with gorgeous bi-level owners' unit, garage parking, and private deck with city views in the heart of the city's hottest neighborhood. Available for the first time in nearly 30 years, this gorgeous property has been lovely maintained and updated over the years by the current owner. Designed as a duplex with CMX1 zoning for residential or commercial uses, it offers a variety of options for owner occupants and investors alike. The spacious 2 bedroom 1.5 bathroom owners' unit is accessed via Pemberton Street, a quiet tree-lined block. Gorgeous wide plank hardwood floors, built-ins and windows on three sides are just a few of the lovely details you will find. The spacious eat-in kitchen has a large soapstone island, plenty of counter space, stainless steel appliances and solid wood cabinetry. An attached dining area opens onto a lovely private deck with incredible city views, making this the perfect spot for entertaining and easy al fresco dining. A powder room is neatly tucked away beyond the kitchen for your convenience. The upper level has two very large bedrooms and a renovated full bathroom with shower/tub combo. A pull down ladder to the roof also makes for easy access if the next owner wishes to add a roof deck. The other unit is a one bedroom, 1 bathroom with frontage on 22nd street, Graduate Hospital's natural commercial corridor, with businesses including Starbucks and Wawa just north at 22nd and South street and Ultimo Coffee and Sidecar Bar and Grille in the other direction. This space is currently used as a private home office but has incredible potential for other uses: as a long-term rental, an Air B&B, au pair suite or in-law suite with all on one level living. The unit has high ceilings, great light, spacious rooms and a fully renovated bathroom. There is no kitchen currently in place but one could easily be added by the next owner. Homes with this much space, character and parking do not come up very often in this neighborhood. Let someone else pay rent in one unit and help you pay off your mortgage or consider converting back to one big residence. The possibilities are endless, so schedule your showing today!
Under Contract
Contingency
$ 714,900
743 S 23RD STREET
Philadelphia, PA 19146
GRADUATE HOSPITAL
4 Bed / 4 Bath
2,172 Sq. Ft.
Property Type: Multi
MLS® #: 7177131
Courtesy of Weichert Realtors
Under Contract
Contingency
$ 714,900
743 S 23RD STREET | Philadelphia, PA 19146
GRADUATE HOSPITAL
MLS® #
Property Type
Beds
Baths
Square Ft
7177131
Multi
4
4
2,172 s.f.
Courtesy of Weichert Realtors
Location Location Location with a WalkScore of 93!!?Walkers Paradise!!! RARE opportunity to own a Graduate Hospital gem. Ideal for both owner occupants or investors. This building features 2 distinct residential living units. Enter the 2,000+/- square foot "Owners" unit via the shared entry foyer to find a wide open floor plan. The large living room flows perfectly into the eat-in-kitchen w breakfast bar. Tons of natural light help to accent the hardwood floors and tiled kitchen which features granite counters & stainless steel appliances. From the kitchen, you will enter a terrific garden w paver patio, perfect for year round entertaining. The second and third floors of this unit feature 3 huge bedrooms, all with en-suite full bathrooms & more than ample closet space, all with hardwood floors & full tiled baths / showers. Central Air & front-load washer & dryer round out this awesome home. The 800+/- square foot "In Law" suite is a gorgeous bi-level unit with great natural light, hardwood floors, & full tiled bath. The building also offers a full clean & dry basement (accessed via Owners unit). Heat, Hot Water, Gas, & Electric (two,100amp services) are separately metered.
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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Listing information last updated 06/20/2018 at 01:45:38 UTC.

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