1021 RED LION RD Philadelphia, PA 19115

Rarely offered rock solid all brick end of row Bustleton area duplex. First floor features two bedrooms with great closet space, one bath, washer and dryer in the basement. Second floor unit has new kitchen cabinets, new engineered flooring in living room, dining room and kitchen and was painted a year ago, there is also a washer and dryer for this unit in the basement as well. Both units have forced air heat, central air and separate secure storage lockers in the basement. There is a third unit that the owner partially finished, has electric heat, separate hot water heater and wall to wall carpets. There is a rear entrance with full bath but no kitchen, this unit has never been occupied the new owner would have to obtain zoning to legally rent this unit. The tenants pay all utilities except cold water. There are three designated parking spots in the rear of the building.
Second floor two bedroom currently pays $1,350.00 per month lease expires 4/30/24. The first-floor tenant has lived there 20 years pays $1,050.00 per month, lease was just renewed and expires 8/31/24.
Current rents in the area for two bedrooms are in the $1500-$1600 a month range the third unfinished apartment could be rented for an additional $1000 plus a month. This property would make a great owner-occupied investment or a great building to add to any investor's portfolio.