5578 Ludlow St,PHILADELPHIA, PA 19139
PHILADELPHIA, PA 19139
Description
INVESTOR OPPORTUNITY Excellent opportunity to add an income-producing duplex to your Philadelphia real estate portfolio. The property features two residential units and a detached garage, providing multiple sources of rental income. Unit 1 is a 2-bedroom, 1-bathroom apartment that is currently vacant and was previously rented for $1,050 per month, allowing the new owner to select their own tenant and establish a new lease. Unit 2 is a 2-bedroom, 1-bathroom apartment that is currently occupied and rented for $1,200 per month. The detached garage generates an additional $700 per month. Based on the current and most recent rental rates, the property has the potential to generate approximately $2,950 per month and $35,400 in annual gross rental income when fully occupied. With existing income and additional upside through the vacant unit, this property offers flexibility and strong income potential for both new and experienced investors. Schedule your showing today!
Details
| MLS # | PAPH2667542 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 17 |
| Listing Provided By | Compass Pennsylvania, LLC | Eli Qarkaxhia |
Features
| SQ Feet | 1,204 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | CMX2 |
| Acreage | 0.03 |
Interior
| Rooms Total | 8 |
|---|---|
| Cooling | Central A/C |
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Interior Features | Combination Kitchen/Living, Combination Kitchen/Dining, Entry Level Bedroom, Recessed Lighting, Wood Floors |
| Appliances | Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Other |
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4459 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| Community Name | WEST PHILADELPHIA |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in WEST PHILADELPHIA) | |
Price: $299,900 low | high Med: $149,999 sqft: 1,204 low | high Med: 1,104 $ / sqft: $249 low | high Med: $136 On site: 17 low | high Med: 154 | |
Market Activity 19139
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| Community Name | WEST PHILADELPHIA |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in WEST PHILADELPHIA) | |
Price: $299,900 low | high Med: $149,999 sqft: 1,204 low | high Med: 1,104 $ / sqft: $249 low | high Med: $136 On site: 17 low | high Med: 154 | |
