$ 199,900
-
$199,900
Price -
2
Bed -
1
Bath -
828
SqFt
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About the Listing RMACCS - 3174148
Rare opportunity in red-hot Fishtown/Kensington area. This unique package deal at 2518 and 2520 Memphis Street features two turnkey rental units that have been established as a duplex since the 1980s by a longtime owner. Unit 2518 is a large 1-bedroom, 1-bathroom first-floor apartment, while Unit 2520 offers a spacious 2-bedroom, 1-bathroom layout on the second floor. Both units have been updated over the last few years and are ready to generate immediate income. Savvy investors will recognize the massive value-add potential to make minor improvements and warrant significantly higher market rents. The property features separate PECO and PGW utility meters for easy tenant management, with one shared water service located at 2518. The basement houses the building mechanicals and is easily accessible from a private exterior entrance on Firth Street. Location is everything, and this property delivers. Tenants will love being just steps away from local favorites like Meetinghouse and Cook + Shaker, and just a short stroll from the vibrant Frankford Avenue corridor. Commuters are just 10 minutes from Center City and have rapid access to I-95. Both units must be sold together. The property is being sold in strictly "as-is" condition, and the seller will not accept any zoning contingencies. Sold as a package deal only.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Townhome
MLS ®
PAPH2614870
Year Built
1875
Total Square Footage
828
Lot/Acreage
0.02
County
Philadelphia
Neighborhood
Fishtown
Area
19125 (19125)
School District
Philadelphia City
High School
Kensington
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 828
- Below Ground Sq Ft: 0
- Basement: Full
- Other: Main Floor Bedrooms: 2
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 14.00 x 54.00
- Zoning: RSA5
- Roof:
- Others:
- Sewer: No Septic System
- Parking Features: On Street
Financial Details
- Tax Amount: $3,443
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
2520 Memphis St Philadelphia, PA 19125
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