Property Overview: Address: 1914 Griffith St, Philadelphia, PA 19111 Type: Duplex Units: 2 (Each unit is 1 bedroom, 1 bath) Additional Features: 1 car garage and basement Spacious Living Room Modern Kitchen with Updated Appliances Hardwood Floors Access to Basement Storage Status: Fully Rented Investment Opportunity: This fully rented duplex presents a fantastic investment opportunity in a prime Philadelphia location. Each unit offers a comfortable 1 bedroom, 1 bath layout, complete with a basement and a 1-car garage for added convenience. Managed by the reputable Innovate Realty & Property Management team, the property has been meticulously maintained and is in excellent condition, boasting a new roof installed in 2016. This can be part of a multi property transaction, including 1912 Griffith. Sale and acceptable offers subject to a 1031 Exchange. Tenant occupied, so we need to confirm before finalizing walk through scheduling. Turnkey Investment: This duplex is fully rented, offering immediate rental income and a hassle-free investment. Prime Location: Located in the desirable neighborhood of Philadelphia, PA, with easy access to public transportation, shopping centers, restaurants, and schools. Well-Maintained: Ownership of this duplex has always prioritized property maintenance, sparing no expense to keep it in prime condition. Significant investments have been made to ensure the property's longevity and appeal, including the installation of a new roof in 2016. Regular maintenance and upgrades are conducted with an open checkbook policy, ensuring that all aspects of the property, from the exterior to the interior, are kept in excellent shape. This commitment to maintenance reduces unexpected expenses and enhances the property's value and attractiveness to potential tenants. Stable Tenancy: Both units are occupied by reliable tenants, providing consistent and steady cash flow. Professional Management: Innovate Realty & Property Management, formerly McSherry Property Management, has been a trusted name in property management since 1970. With decades of experience, they provide top-tier management services that ensure tenant satisfaction and property upkeep. Their professional approach includes thorough tenant screening, timely rent collection, regular property inspections, and prompt maintenance services. As a result, this property is not only fully rented but also enjoys a stable rental income and high tenant retention rates. Why Invest in 1914 Griffith St? High Demand Area: Strong rental demand ensures low vacancy rates and high rental income potential. Solid ROI: With both units rented, this property offers a solid return on investment. Future Appreciation: The Philadelphia real estate market continues to grow, promising future appreciation and value increase. Additional Purchase Options: This property can also be purchased as part of a larger investment portfolio, including the neighboring properties at: 1912 Griffith St, Philadelphia, PA 19111 7916 Loretto Ave, Philadelphia, PA 19111 Don't miss out on this opportunity to own a well-maintained, income-generating property in Philadelphia. Contact Innovate Realty & Property Management for more details and to schedule a viewing.

Listing courtesy of BRIGHT / J G McSherry LLC

Last checked: Checking… • Last updated Oct 17, 2024 • Source: BRIGHT

MLS# PAPH2356418 — Report a problem