$250,000
What if your next real estate purchase could do more than simply provide a place to call home? Imagine owning a property where rental income is already coming in, while a second, move-in-ready residence gives you the freedom to make it your own (house hacking) or generate even more income. Welcome to 2012 E Tioga Street, a legal, three-story brick duplex in Philadelphia's Harrowgate neighborhood. Where opportunity, flexibility, and income-producing potential come together under one roof.
Situated on the corner of Tioga & Braddock Streets, and offering approximately 1,749 square feet of living space, each unit of this well-presented duplex has its own private entrance. Whether you're an investor looking to expand your portfolio or a buyer exploring the financial advantages of owning a multifamily property, you'll appreciate the possibilities this property puts within your reach.
Step inside the first unit, accessed from Braddock Street, and discover an inviting residence spanning the first floor and finished basement. Attractive wood-look flooring, neutral tones, and natural light create a welcoming atmosphere, while the kitchen offers white cabinetry, a stylish multitone backsplash, wood-tone countertops, and a breakfast counter that connects the kitchen with the living area. Downstairs, the finished basement provides an expansive, versatile living/sleeping area with recessed lighting, tile flooring, and a full bathroom. Picture the possibilities for creating a comfortable entertainment space, home office, or additional room to relax and unwind. With a projected rental income of $1,050 per month, this vacant unit offers the flexibility to move right in or welcome a new tenant.
Now, envision the advantage of a second residence that's already generating rental income, helping strengthen your bottom line, while laying the foundation for building wealth, long term. With its own entrance from Tioga Street, the second unit occupies the upper two floors and features two bedrooms and one full bathroom. The spacious second-floor living area welcomes you with attractive flooring and a comfortable layout, while the kitchen features white cabinetry, a decorative backsplash, and modern styling. The second-floor bedroom offers a comfortable retreat, located near the main living areas and the full bathroom. Venture up to the third floor, where a second bedroom provides an inviting, private escape, thoughtfully separated from the activity below. This two-level layout offers a wonderful balance of comfort, convenience, and privacy. Best of all, this unit has a great tenant and is generating $1,300 a month in rental income.
Here's where the opportunity becomes even more exciting: With one unit already producing $1,300 per month and the vacant unit offering an additional projected $1,050 per month, the property has the potential to generate $2,350 in monthly gross rental income, or $28,200 annually with both units rented. Both units have separately metered gas and electric, which are paid by the occupants.
This duplex is located in Harrowgate, with convenient access to shopping, everyday amenities, public transportation, and the Market-Frankford (The "L") Line.
What would owning this duplex mean for you? Perhaps it's the opportunity to live in one unit while rental income from the other helps offset your housing expenses. Perhaps it's the chance to add another income-producing property to your portfolio. Or maybe it's the beginning of a longer-term real estate investment strategy. Whatever your vision, 2012 E Tioga Street offers the flexibility to achieve it.
Two residences in one building: Separate entrances. Existing rental income. Additional income potential. One exciting opportunity to take your next step in real estate ownership.
Don't just imagine the possibilities. Come see them for yourself. Schedule your private showing today and discover how 2012 E Tioga Street could become your next home, your next investment, or both.
2012 E Tioga St, Philadelphia
Listing courtesy of HomeSmart Realty Advisors. Contact:
