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: $649,900 to $649,900 Price Average: $649,900
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Under Contract
Contingency
$ 649,900
743 S 23 Rd STREET
Philadelphia, PA 19146
Graduate Hospital
Bed / Bath
0 Sq. Ft.
Property Type: Multi
MLS® #: 1000864412
Courtesy of Weichert Realtors
Under Contract
Contingency
$ 649,900
743 S 23 Rd STREET | Philadelphia, PA 19146
Graduate Hospital
MLS® #
Property Type
Beds
Baths
Square Ft
1000864412
Multi
0 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.
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