5578 Ludlow St

Philadelphia PA 19139

1204 sq. ft.

1226 sq. ft.

Duplex

Currently for sale - view listing

Overview

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!

Features

4 bedrooms

1204 sq. ft. floor area

1226 sq. ft. lot size

Duplex

Property history for 5578 Ludlow St

2024

Sold

$271,500

20 Sep 2024 by Marisa Mango, of Mango & August Inc

2018

Sold

$79,000

15 Nov 2018 by Robert Clegg, of Coldwell Banker Realty

2018

Sold

$79,000

15 Nov 2018 by Robert Clegg, of Coldwell Banker Preferred - Old City

Happy sellers in Philadelphia

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