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2518 Memphis Street

Philadelphia PA 19125

2
1
1176 sq. ft.
756 sq. ft.
Townhouse
Currently for sale - view listing

Overview

Rare opportunity in red-hot Fishtown/Kensington area. This unique package deal at 2518 and 2520 Memphis Street features two turnkey rental units that have been established as a duplex since the 1980s by a longtime owner. Unit 2518 is a large 1-bedroom, 1-bathroom first-floor apartment, while Unit 2520 offers a spacious 2-bedroom, 1-bathroom layout on the second floor. Both units have been updated over the last few years and are ready to generate immediate income. Savvy investors will recognize the massive value-add potential to make minor improvements and warrant significantly higher market rents. The property features separate PECO and PGW utility meters for easy tenant management, with one shared water service located at 2518. The basement houses the building mechanicals and is easily accessible from a private exterior entrance on Firth Street. Location is everything, and this property delivers. Tenants will love being just steps away from local favorites like Meetinghouse and Cook + Shaker, and just a short stroll from the vibrant Frankford Avenue corridor. Commuters are just 10 minutes from Center City and have rapid access to I-95. Both units must be sold together. The property is being sold in strictly "as-is" condition, and the seller will not accept any zoning contingencies. The price for each parcel is 175k, NOT FOR BOTH PARCELS

Features

2 bedrooms
1 bathroom
1176 sq. ft. floor area
756 sq. ft. lot size
Townhouse

Happy sellers in Philadelphia

90%
90% of sellers in Philadelphia reported that their sale price either exceeded or met their price expectations.

Philadelphia stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Philadelphia over the last 12 months.

Local market activity for 2 bedroom townhouses in Philadelphia

In the last 12 months, 144 two-bedroom townhouses similar to 2518 Memphis Street, have been sold.

This represents a 18% increase in two-bedroom townhouses sales when compared to the previous 12 months.

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(619) 566-0008
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