Philadelphia, PA 19142,2431 S EDGEWOOD ST
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Philadelphia, PA 19142,2431 S EDGEWOOD ST
Philadelphia, PA 19142,2431 S EDGEWOOD ST
Philadelphia, PA 19142,2431 S EDGEWOOD ST
Philadelphia, PA 19142,2431 S EDGEWOOD ST

$270,000

Est. payment /mo

$270,000

Est.Price: ?

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2431 S EDGEWOOD ST Philadelphia, PA 19142

960 SqFt

SOLD DATE : 06/28/2024

Key Details

Sold Price $270,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 960 sqft

Price per Sqft $281

Subdivision Elmwood Park

MLS Listing ID PAPH2341370

Sold Date 06/28/24

Style Colonial

Abv Grd Liv Area 960

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $1,161

Tax Year 2022

Lot Size 1,046 Sqft

Acres 0.02

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!

Location

State PA

County Philadelphia

Area 19142 (19142)

Zoning RM1

Rooms

Basement Fully Finished, Heated, Outside Entrance, Interior Access

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 402032800

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ugochukwu U Opara • United Real Estate
Bought with Ama Addo • Perfect Place Real Estate Co.

First Heritage Realty Alliance

+1(267) 525-7900

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