Patterson-Schwartz Real Estate2431 S Edgewood Street, Philadelphia, PA 19142-3201 $270,000
With Pending Contract
Interior Sq. Ft: 960
Acreage: 0.02
Age:99 years
Taxes: $1,161
Subdivision: Elmwood Park
Design/Type:
Interior Row/Townhouse
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!
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: 2.5 % Of Gross
Basement: Y
Pool: No Pool
Features
Utilities
Radiator Heating, Natural Gas, None, None, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
On Street
Interior
Fully Finished Basement, Heated Basement, Interior Access Basement, Outside Entrance Basement
Exterior
Concrete Perimeter Foundation, Masonry, Sidewalks, Street Lights
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Public Elementary (113 schools)
Public Middle (18 schools)
Public High (47 schools)
Private (89 schools)
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This report is a detailed community overview for Philadelphia (19142), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 39
- Average salary of people in this community: $30,952
Community Summary
- Population Density (ppl / mile): 17,137
- Household Size (ppl): 2.92
- Households w/ Children: 87%
Housing Inventory
- Owned: 5,136 (44.9%)
- Rented: 4,693 (41.0%)
- Vacant: 1,605 (14.0%)
- Total: 11,434
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 7.8%
- Some High School: 12.4%
- High School Graduate: 39.5%
- Some College: 24.1%
- Associate Degree: 6.4%
- Bachelor's Degree: 6.5%
- Graduate Degree: 3.4%
Income by dollar range
Median Income: $33,265
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $334
- One Bedroom: $804
- Two Bedroom: $854
- Three Bedroom: $1,063
- Four Bedroom: $1,111
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Contact Information
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Listing Courtesy of: United Real Estate , (484) 367-7727, urephillyoffice@gmail.com
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Listing data as of 5/15/2024.
