2001 S Cleveland Street

Description

It is my distinguished honor to present to you 2001 S. Cleveland St. Located in the Heart of South Philadelphia, adjacent to a transformative intersection, anchored by a Commercial Mixed Use Corridors and surrounded by residential properties and commercial spaces, South Philadelphia has undergone a radical transformation and evolution in the last few decades. We are excited to share this remarkable transformation of this 2000 Square Feet home in our beloved Newbold, South Philadelphia. This 2 unit duplex has undergone a stunning renovation that has brought it into the modern era with exquisite finishes, luxurious amenities, central air, split new mechanical and electrical systems, and a new sewer lateral line interior and exterior to the property. The exterior have been rejuvenated with new silver paint on the masonry and black on the trim sidings. LAYOUT SUMMARY: UNIT 1: 3 Beds/2 Baths Bi-Level Unit with a Main Floor & Finished Basement and egresses for both bedrooms. UNIT 2: 2 Beds/1 Bath 2nd Uni-Level with rooftop balcony access. Enter Unit 1 through the side entrance that takes you through the shared laundry room with washers & dryers designated for each unit and mechanical systems, including separate water heaters. Continue through the entrance of UNIT 1 and walk into the open concept kitchen/living room with recessed lights throughout the property and new luxury vinyl plank floors throughout the building. There are multiple enlarged windows that provide immaculate illumination throughout the property. The centralized kitchen includes sleek shaker styled cabinetry, granite countertops, stove, and stainless steel appliances. The main floor also includes a full bathroom and bedroom. Walk down into the basement where there are 2 bedrooms with egresses, as well as a full centralized bathroom. The basement is completely finished with natural light illuminating from multiple windows.UNIT 2 has a separate entrance in the front of the building where you will walk to the 2nd level, which hosts 2 large bedrooms and a full bath. The master bedroom has an exterior outdoor balcony with a beautiful view of the city. The heart of any home lies within its kitchen, and this renovated duplex has taken it to new heights. Step inside, and you will be greeted by a sight that epitomizes elegance and functionality. The sleek lines and modern finishes exude a sense of sophistication, bringing the kitchen to life with a touch of contemporary charm. Every corner of this house has been meticulously reimagined, with careful attention given to every aspect of modern living. From the open concept layout that promotes seamless flow and interaction to the abundance of natural light that floods the living spaces, this renovation has truly breathed new life into this South Philadelphia home. TAX ABATEMENT: Tax Abatement Application has been approved and awaiting the abatement approval letter. OCCUPANCY: We have left both units vacant, allowing flexibility for the buyer to choose which unit they would wish to occupy, and we are even offering to lease out the other unit for free to assist the buyer with cash flow. If you are purchasing this property as an investor, we are offering to lease out both units for free. RATE BUY-DOWN: Seller is willing to provide SELLER ASSIST to help with total acquisition costs and to allocate for a rate buy-down program, such as the 3/2/1 buy-down, which will reduce the interest rate by the following schedule: Year 1: 3% decreaseYear 2: 2%Year 3: 1%Buyers could also refinance in that period when interest rates are lower. Walk to the Sports District, Xfinity Live, the Broad Street subway line and quick commute to Center City. The I-95, I-76 highways are close. We look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties.