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1201 E Lycoming St

Philadelphia PA 19124

4
2160 sq. ft.
1480 sq. ft.
Duplex
Currently for sale - view listing

Overview

Turnkey Investment with Immediate Cash Flow! Positioned along a high-visibility corridor in Philadelphia, 1201 E Lycoming St presents a compelling income-producing opportunity with a strong unit mix and immediate revenue in place. This four-unit property includes three residential units and one street level store-front unit, creating multiple income streams within a single asset. The residential component consists of one 1-bedroom unit, one studio-style 1-bedroom unit, and one 2-bedroom unit. The street-level unit benefits from strong visibility and direct access, offering flexibility for a variety of permitted uses subject to buyer verification. The property generates in-place income with the street-level storefront and studio leased together for $1,135 per month, while the 2-bedroom residential unit is leased at $725 per month. The 1-bedroom residential unit is currently vacant, with a projected market rent of approximately $725 per month. For investors seeking an income-producing asset with existing cash flow and room for future value enhancement, this property represents a strong addition to a Philadelphia investment portfolio! Seller is a Pennsylvania, licensed real estate broker.

Features

4 bedrooms
2160 sq. ft. floor area
1480 sq. ft. lot size
Duplex

Property history for 1201 E Lycoming St

2017
Sold
Undisclosed
01 Sep 2017

Happy sellers in Philadelphia

~%

We have insufficient information to provide an overview of customer satisfaction for Philadelphia. Viewing the agent profiles, reviews and sales for Philadelphia can provide insights for this location.

Local market activity for 4 bedroom duplexes in Philadelphia

In the last 12 months, 9 four-bedroom duplexes similar to 1201 E Lycoming St, have been sold.

This represents a 64% increase in four-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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