1815 S 20th St, Philadelphia, PA, 19145

Fantastic Point Breeze DUPLEX with 2-Car Garage Parking! Zoning change has been APPROVED to convert this former mixed use property into two residential units. Read on for more info. This property will impress investors and owner occupants alike. Live in one unit and offset your mortgage payments with rental / AirBNB income OR simply add a terrific property to your investment portfolio. Recent renovations include a fire alarm system, new roofing and pavers for private deck, various exterior improvements, and upgraded interior finishes throughout. Each unit has its own hot water tank and HVAC system with Central A/C. Unit 1 is now an approved residential unit pending kitchen installation. Asking price of $515K is to purchase the property with as-is layout. Seller will install a kitchen prior to settlement for $525K total sale price. Unit 1 has two street level entrances (corner and side) with an open concept layout and attractive brick and rustic wood finishes. The main level includes unique storage options, a full modern bathroom with shower stall, and direct access to the basement via two separate staircases (front and back). The L-shaped kitchen can be located by the corner entrance with a beautiful backdrop of brick, wood, and open shelving. The basement is fully finished with exterior egress for two separate rooms / bedrooms that each include their own closets and optional laundry hook ups. Potential exists for the new owner to create a 3rd bedroom and 2nd full bathroom on the main level after purchase (sample plans will be provided). Unit 2 is a bi-level residential unit with private side entrance and direct interior access to the garage. The first floor offers garage access, entry vestibule, and full bathroom with shower stall. The second floor includes three bedrooms and an open living / kitchen area with laundry closet. HVAC and hot water heater are tucked away in a closet on this level. The galley style kitchen has lovely white cabinets and appliances with butcher block counter tops. Just past the kitchen is the second full bathroom with soaking tub and access to a spacious, newly tiled private deck. Unit 2 + 1 parking space is currently rented for $1,800/mo. thru 6/30/2024 with potential for a future rent increase. Projected rent for Unit 1 with 1-car parking is $2,000/mo. or greater. Investors will enjoy a solid 7 - 8% cap rate. Last but not least, there is potential to convert this building into a TRIPLEX with relatively minimal effort. Open to discussions based on Buyer's needs. Truly one-of-a-kind, schedule your appointment today!