2431 S 7TH Street

Description

Fantastic investment opportunity in the Lower Moyamensing neighborhood of South Philadelphia! This Duplex is currently owner occupied but presents amazing opportunities. The first floor is a 1 bed, 1 bath apartment with a private back yard. This unit features laminate flooring as you enter the living room which is currently being used as another room. As you proceed through the unit the door to the right is a full bathroom with a full size tub. Back in the hallway you will find a storage closet to the left before entering your kitchen. The kitchen offers modern floor tile, a gas range and a full size fridge. In the back is a bedroom with access to the private back yard. Upstairs on the second floor you enter into a spacious room with the L-Shape kitchen, dining and living area. This kitchen also features a gas range and full size fridge. To the front of the home there is a bedroom with a reach in closet. Towards the middle of the floor plan you will find your full bathroom with a full size tub. In the back of the unit, there is a 2nd bedroom. The full unfinished basement is accessible through the street bilco door and all utilities are separated. Live in one unit and rent the other or rent the entire building out for a great return on your investment! Unit 1 projected rental income is $1,100/month and Unit 2 is $1,250/month. That's $28,200 in gross annual income. Deduct your taxes, insurance and water and you're left with roughly $24,000 in net income - a 10% CAP Rate! Schedule your showing today for a great investment opportunity! All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.