1236 S 45th Street
Location, location, location! Don’t miss out on this fully-leased duplex that brings in $39k in annual income! Right across the street from University of the Sciences, and a short walk to the University of Pennsylvania main campus (700 meters). These units were renovated in 2015 and boast years of solid rental history with very high occupancy, and for good reason - the space and location are exceptional. Both units, which have the exact same layout, have spacious front porches with a beautiful view of the park. Each unit is complete with a large living area that extends into three bedrooms and a fully-upgraded kitchen with granite countertops, high-end cabinets, a tile backsplash and stainless steel appliances. Great income-producing property as is, however there are plenty of opportunities to add value by increasing square footage of existing units and even adding a third unit, as well as developing the unfinished basement. It is also within the UPenn ‘enhanced forgivable loan’ catchment area. This property is zoned to legally allow 3 residential units. You can add a 3rd story convent to a triplex by right.
The house is less than a block away from Clark Park, arguably the best park in West Philly! They host tons of concerts and events during the summer, not to mention the Clark Park Farmer’s Market. Tenants are just a short stroll away from the beautiful Woodlands Community Garden. This is the perfect place to enjoy all the perks of city living while still having access to nature!