5230 N 2nd St,PHILADELPHIA, PA 19120
PHILADELPHIA, PA 19120
Description
This duplex property is packed with potential and primed for your vision. Once renovated, the property has the potential to generate over $34,450 in annual rental income. Even after factoring in acquisition and renovation costs, the investment offers an impressive 11% returndelivering immediate cash flow with significant room for future appreciation. Located on a leafy, residential block in desirable Oak Lane, this spacious home offers solid bones, original charm, and multiple value-add opportunities. Interior highlights include high ceilings, large windows, and original trim work that lend character and natural light throughout.While the property requires cosmetic updatessuch as new flooring, fresh paint, and general cleanupthe existing layout offers an ideal foundation for a profitable renovation. Whether you're looking for a flip or a long-term rental, this is a versatile investment. With the right improvements, it can be repositioned for higher rents or increased market value, making it a strong candidate for the BRRRR strategy or Section 8 placement post-rehab. Don’t miss the chance to turn this classic duplex into a high-performing asset in a growing neighborhood.
Details
| MLS # | PAPH2492912 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1930 |
| Days On Site | 13 |
| Listing Provided By | Elfant Wissahickon-Rittenhouse Square | Katherine Vail |
Features
| SQ Feet | 1,688 |
|---|---|
| Units | 3 |
| Zoning | RSA5 |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
| Interior Features | Attic |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat, Pitched |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Permanent |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 2940 |
| Tax Lot | 271 |
Market Activity 19120
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19120 |
| Area | 19120 (19120) |
| Community Name | OAK LANE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in OAK LANE) | |
Price: $225,000 low | high Med: $190,000 SqFt: 1,688 low | high Med: 1,488 $ / SqFt: $133 low | high Med: $128 On site: 13 low | high Med: 26.000000 | |
