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714 West Ritner Street

Philadelphia PA 19148

3
1350 sq. ft.
855 sq. ft.
Duplex
Currently for sale - view listing

Overview

Welcome to your investment opportunity in the heart of Lower Moyamensing, Philadelphia! **Location:** Nestled in the vibrant Lower Moyamensing neighborhood, this duplex offers the perfect blend of urban living and community charm. Conveniently located near amenities, public transportation, and local attractions, it's an excellent choice for tenants seeking a dynamic city lifestyle. **Financials:** The 1st unit is leased at $1,300/mo and 2nd unit is leased at $1,350/mo. **Unit #1:** The first-floor unit boasts access to a private backyard, providing a rare outdoor oasis in the city. This desirable feature enhances tenant satisfaction and rental value. The unit was part of the comprehensive 2022 renovation, ensuring modern comfort and style. Updates include brand-new flooring, appliances, kitchens, bathrooms, and mechanical systems. **Unit #2:** The second-floor unit, already leased at $1,450, showcases the same high-quality renovations as the first. Tenants will enjoy the benefits of a thoughtfully designed living space with modern amenities, making it an attractive option for long-term occupancy. **Building Renovation (2022):** The entire property underwent a thorough renovation in 2022, guaranteeing a turnkey investment for the discerning buyer. From top to bottom, everything is brand new, creating a hassle-free ownership experience. This modernization ensures low maintenance costs and positions the property as a sought-after residence in the rental market. **Utilities:** As an added convenience for both tenants and investors, the landlord covers water expenses for the entire building. This minimizes tenant responsibilities and simplifies property management. Seize this opportunity to secure a prime income-generating property in one of Philadelphia's emerging neighborhoods. Whether you're a seasoned investor or expanding your portfolio, this duplex promises both immediate returns and long-term value. Schedule a viewing today and explore the potential of this renovated gem in Lower Moyamensing!

Features

3 bedrooms
1350 sq. ft. floor area
855 sq. ft. lot size
Duplex

Property history for 714 West Ritner Street

2021
Sold
$210,000
24 Jun 2021 by Ariel Morgenstein, of JG Real Estate LLC

Happy sellers in Philadelphia

80%
80% 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 5 reviews in Philadelphia over the last 12 months.

Local market activity for 3 bedroom duplexes in Philadelphia

In the last 12 months, 2 three-bedroom duplexes similar to 714 West Ritner Street, have been sold.

This represents a 50% increase in three-bedroom duplexes sales when compared to the previous 12 months.

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