Welcome to 2501 N Colorado Street – your perfect turnkey investment opportunity! This meticulously maintained corner duplex offers an ideal scenario for savvy investors or those looking to generate rental income effortlessly. This property is a true gem, boasting a total renovation that includes new mechanicals, kitchens, bathrooms, floors, and more. Enjoy a maintenance-free investment experience with this thoughtfully updated duplex. Unit 1 features a comfortable 1 bed/1 bath layout and is currently rented for $750 per month. Meanwhile, Unit 2 offers a similarly appealing 1 bed/1 bath configuration, with a monthly rental income of $775. Both units are occupied by fantastic long-term tenants who consistently pay on time, ensuring a steady stream of income for the fortunate owner. Noteworthy is the arrangement where tenants cover all utilities, except for cold water, which is the responsibility of the landlord. This adds to the attractiveness of this investment, as it minimizes ongoing expenses and maximizes your return. Whether you choose to reside in one unit and rent out the other or simply enjoy the benefits of a hands-off investment, this property is primed for success. Act fast – opportunities like this don't linger on the market for long! Seize the chance to build equity effortlessly and secure your future with this fantastic duplex. Contact us today for a viewing before this remarkable investment slips away.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1915
Living Area: 1,110 SqFt
Listing Office:
Office Name: KW Empower
Office Phone: (215) 627-3500
Listing Agent: Carlos Masip
Interior Features
Interior Information:
Basement: No
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.02 Acres
Utilities
Utilities Information:
Heating: Baseboard
Cooling: None
School Info
Assigned Schools Information:
Mastery Charter School at Gratz, Public Charter Grades 9-12
Tanner G. Duckrey School, Public District Grades KG-8
Other
Directions Information:
Directions: Huntingdon to Colorado
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $195,000
Price Per SqFt: $176/SqFt
Tax Information:
Annual Amount: $838
Tax Year: 2020
What can I afford?
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $63.8K less than the Median Sold Price and $20/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2309806
Listing Office:
Office Name: KW Empower
Office Phone: (215) 627-3500
Listing Agent: Carlos Masip
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Tanner G. Duckrey School
1501 W Diamond St
Distance between this listing and this school0.46 miles
Public District Grades KG-8
High School
3
/10
Mastery Charter School at Gratz
1798 W Hunting Park Ave
Distance between this listing and this school1.62 miles
Public Charter Grades 9-12
Assigned Schools
3
/10
Tanner G. Duckrey School
1501 W Diamond St
Distance between this listing and this school0.46 miles
Public District Grades KG-8
Nearby Schools
3
/10
Mastery Charter School - Clymer Elementary
1201 W Rush St
Distance between this listing and this school0.59 miles
Public Charter Grades KG-8
1
/10
Thomas May Peirce Elementary School
2300 W Cambria St
Distance between this listing and this school0.66 miles
Public District Grades KG-6
Nearby Schools
3
/10
Alliance For Progress Charter School
182139 Cecil B Moore Ave
Distance between this listing and this school0.85 miles
Public Charter Grades KG-8
1
/10
Young Scholars Kenderton Charter School
1500 W Ontario St
Distance between this listing and this school0.99 miles
Public Charter Grades KG-8
4
/10
Pan American Academy Charter School
2830 N American St
Distance between this listing and this school1.29 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
Mastery Charter School at Gratz
1798 W Hunting Park Ave
Distance between this listing and this school1.62 miles
Public Charter Grades 9-12
Nearby Schools
4
/10
Kipp Philadelphia Charter School
2709 N Broad St
Distance between this listing and this school0.38 miles
Public Charter Grades KG-12
2
/10
Dobbins Avt High School
2150 W Lehigh Ave
Distance between this listing and this school0.43 miles
The neighbors living near this home have an average income of $14,777. Residents of Philadelphia, PA typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 2501 N Colorado St in Philadelphia, PA and zip code 19132 in the Glenwood neighborhood. This 1,110 square foot home, which was built in 1915, sits on a 0.02 acre lot. It has been listed on Rocket Homes since January 04, 2024 and is currently priced at $195,000.
Over 242 listings were sold over their listed price in April 2024 in Philadelphia, PA. In the same period over 502 listings were sold below the listed price and 216 listings were sold for the listed price. The number of listings in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. While the average time on the market in April 2024 was 50 days, the median list price was $258,806.
From Rocket Homes Real Estate and based on county public records data.