Listed By:
United Real Estate
Address
2431 S Edgewood Street, Philadelphia, PA
Price
$ 270,000
Property Attributes
  • MLS#PAPH2341370
  • TypeContingent
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19142
  • NeighborhoodElmwood Park
  • Zip19142
  • StyleColonial
  • Year Built1925
  • Taxes$ 1161
  • Price$ 270,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.02 Acres
Data Source:
Bright MLS
Property Description

Discover this meticulously renovated duplex in Southwest Philadelphia, perfectly suited for an owner-occupant seeking to enjoy one unit while reaping rental income from the other. This property offers a blend of modern updates and unique features, making it an attractive choice for homeowners and investors alike. The first unit is a distinctive bi-level space, featuring a kitchen equipped with stainless steel appliances and natural stone countertops on the main floor, alongside a bedroom and a convenient powder room. There's no traditional living room, which adds to the unit's unique character and spacious feel. The basement level houses another bedroom, which benefits from a walkout to an expansive carport that can accommodate 2-3 cars, adding a valuable outdoor element and convenience to this unit. The second unit on the second floor offers a one-bedroom layout with a separate living and kitchen area. The space is well-proportioned, providing a comfortable and inviting atmosphere. The bedroom is complemented by a full bathroom, located just outside, ensuring privacy and ease of use. This duplex is not just a place to live, but also an investment opportunity. The potential rental income is attractive, with PHA data indicating rates up to $1,200 for a one-bedroom and $1,400 for a two-bedroom in this zip code. For an owner-occupant, this means the chance to offset mortgage payments significantly while enjoying a beautifully updated home. The building is all electric with each unit having its own separate meter. Water is shared and the responsibility of the owner. Situated in a desirable Southwest Philadelphia neighborhood, the duplex is conveniently close to amenities, dining, and transportation, enhancing its appeal. This property is ideal for those looking to have a unit for themselves and a unit that brings in money to help tackle the mortgage payment! Best of both worlds! This is what I can a win-win situation!

Price History
4/11/2024 Listed $264,900

General Features

Sewer Public Sewer
Heating Radiator
Cooling None
Possession Immediate
Exterior Features Sidewalks,Street Lights
Zoning RM1
Pool Y/N No Pool
Architectural Style Colonial
Construction Materials Masonry
Year Built 1925
Property SubType Duplex
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel None
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Multi-Family
Subdivision Name ELMWOOD PARK
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade
Status ACTIVE UNDER CONTRACT
Directions Use GPS for best directions
ModificationTimestamp 2024-05-06T22:18:58
City PHILADELPHIA
Buyer Agent Compensation 2.5
Zoning Description Legally Zoned Duplex.
Total Units 2
MLS Area 19142 (19142)
Lot Size Square Feet 1046.00
Tax Assessed Value 83000.0
Waterfront Y/N No
Street Name EDGEWOOD
Tax Annual Amount 1161.0
Two Bedroom 1
Structure Type Interior Row/Townhouse
One Bedroom Units Count 1
Price Per Sq Ft 281.25
Rent Control Y/N No
Vacation Rental Y/N No
Total SQFT 960
Days on Market 22
Standard Status Active Under Contract
Year Built Source Estimated
Tax Lot 168
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Basement Fully Finished,Heated,Outside Entrance,Interior Access
Hot Water Natural Gas
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix STREET
Central Air Y/N No
LivingAreaSource Estimated

Exterior Features

Water Source Public
Type of Parking On Street
Land Use Code R30
Foundation Details Concrete Perimeter
Water View Y/N No
Lot Size Acres 0.02
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 16600.00
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 19142

Price
AVG $180K
$270K
Taxes
AVG $1,598
$1,161
Visits
AVG 195
170
Data Provided by Inside Real Estate®
Year Built
AVG 1929
1925