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$375,000
2050 Reed St, Philadelphia, PA 19146
2 Beds
0 Baths
1,508 SqFt

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Listing Provided By Cg Realty
Looking for a hot deal in a high interest rate environment? This duplex is being sold fully furnished and could be yours! The sellers lose & and the buyers gain! truly an amazing turn key investment property that has major upside and will not last long! Appraised back in 2020 for $400,000, this seller is motivated! Located in highly desirable Point Breeze- with a legal variance allowing this property to be a duplex makes this property in this area extremely rare! this could be the perfect opportunity to improve your investor's portfolio or for an owner occupant who would like to make rental income. The options are endless! Upstairs unit projected rent is $1,550, and the downstairs unit projected rent is $1,200. (priced to rent but can charge an additional 5-15% more) making this AT LEAST a 7% cap rate! This could also make an amazing airbnb as well, as this multi-family produced approximately $71,000 annually since 2019, making this investment an astonishing 13% cap rate if you decide to make this a short-term rental! The recently updated first floor unit has one true bedroom and the second room has the option to be used as an office, second living space or bedroom. There is plenty of space for entertaining with friends & family in the main living/dining area, that features an open floor plan & eat-in kitchen with granite countertops, stainless steel appliances and plenty of cabinets for storage space. The first floor also has access to the basement which provides ample space for extra storage. Upstairs, the second floor unit offers two true bedrooms and one bathroom. Similar to the first floor unit, this unit offers an open living and dining area with an updated kitchen and three piece bath. This area is booming with new development, located within walking distance to center city, hawthorn, public transportation, shopping and dining. Schedule your tour today to recognize what this home run of a deal really has to offer!
  • Price:
  • $375,000
  • Bedrooms:
  • 2
  • Square Footage:
  • 1,508
  • Acreage:
  • 0.02
  • Year Built:
  • 1923
  • Listing ID #:
  • PAPH2164890
  • Street Address:
  • 2050 Reed St
  • City:
  • Philadelphia
  • State:
  • Pennsylvania
  • Postal Code:
  • 19146
  • County:
  • Philadelphia
  • Community:
  • 19146 (19146)
  • Listing Status:
  • Active
  • Listing Type:
  • Multi-Family
School District: The School District Of Philadelphia
  • Dwelling Type:
  • End Of Row/Townhouse
  • Finished Above Ground Square Footage:
  • 1508
  • Finished Square Feet:
  • 1508
  • Number Of 2 Bedroom Units:
  • 2
  • Number Of Units:
  • 2
  • Number Of Units Furnished:
  • All
  • Number Of Units Vacant:
  • 2
  • Other Buildings:
  • Above Grade, Below Grade
  • Square Footage Source:
  • Estimated
  • Style:
  • Contemporary
  • Total Building Square Footage:
  • 1508
  • Type Of Roof:
  • Flat, Rubber
  • Year Built:
  • 1923
  • Year Built Source:
  • Estimated
  • Approximate Lot Size Range Source:
  • Estimated
  • Conforms To Zoning:
  • Rsa5
  • Lot Square Footage:
  • 960.00
  • Days On Market:
  • 62
  • Included In Sale:
  • Washer & Dryer (both Units), Refrigerator (both Units), And All Furniture
  • Lease Type:
  • Month To Month
  • On Market Date:
  • 2022-09-29
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • Terms:
  • Conventional, Fha, Va, Cash
  • Cross Street:
  • S 21st
  • Tax Municipality:
  • Philadelphia
  • City Taxes:
  • 1210.00
  • Price Per Square Foot:
  • 248.67
  • Property Taxes:
  • $2,683
  • Tax Year:
  • 2022
  • Parking Type:
  • On Street
  • Pool Description:
  • No Pool
  • Appliances:
  • Built-In Microwave, Oven - Single, Refrigerator, Stainless Steel Appliances
  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Wall Unit
  • Existing Water:
  • Public
  • Heating:
  • Baseboard - Hot Water
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Public Sewer
  • Water Heater:
  • Natural Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Cg Realty
  • © 2022 BRIGHT, All Rights Reserved BRIGHT

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