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1611 W Erie Avenue

PHILADELPHIA, PA 19140
  • $250,000
  • STATUS: Active
  • ON SITE: 66 Days
  • ID#: PAPH2423830
UPDATED: 49 min ago
$250,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,728
    SQFT
  • $145
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

This updated duplex property located in Nicetown-Tioga neighborhood offers a fantastic investment opportunity. The building features two modern, renovated units with updated finishes and hardwood floors throughout. Unit 1, located on the first floor, includes 2 bedrooms, 1 bathroom, and is currently rented out for $850/month. The first floor also has access to a rear yard from the kitchen and a full basement for additional storage. Unit 2, on the second floor, boasts 3 bedrooms and 1 bathroom and has a living room. This unit is currently occupied by the sellers and will be delivered vacant upon closing. The property has all-new water heaters and gas heaters, installed in October 2024, and the front yard is cemented with a charming white picket fence. All the utilities in the property are separated and the seller has a rental licenses for both units making this a legal duplex. This is an excellent opportunity for an owner occupant to live in one of the units while renting the other out to help offset the monthly mortgage payment. Or this can be a good investment opportunity for for an investor looking to add a well maintained duplex to their renal portfolio. Either way this is a must see for owner occupants and investors alike.The property is being sold in As is Condition. The property qualifies for the CRA program, offering a conventional loan with no mortgage insurance.With a Walk Score of 83, Transit Score of 80, and Bike Score of 52, this location offers excellent accessibility. It's just a few minutes from the Erie Station on the BSL, with quick access to the NRG Station and Fern Rock TC. Nearby, you'll find a variety of restaurants and cafes, including Soul Delicious Catering, Church Chicken, Bravo Pizza, Starbucks, and Coffee Land. The property is situated in the Tioga-Nicetown neighborhood of Philadelphia, close to parks such as Marcus Foster Memorial Stadium, Hunting Park, and Fernhill Park.Dont let this opportunity pass"schedule your visit today!

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX 100. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-08T18:55:43.5.
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1611 W Erie Avenue PHILADELPHIA, PA 19140

  • Price: $250,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 49 min ago
  • ID#: PAPH2423830
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1,728
SQFT
$145
$/SQFT
1930
Built
Neighborhood:
Nicetown-Tioga
County:
Philadelphia
Area:
19140 (19140)
School District:
The School District Of Philadelphia
Property Description
This updated duplex property located in Nicetown-Tioga neighborhood offers a fantastic investment opportunity. The building features two modern, renovated units with updated finishes and hardwood floors throughout. Unit 1, located on the first floor, includes 2 bedrooms, 1 bathroom, and is currently rented out for $850/month. The first floor also has access to a rear yard from the kitchen and a full basement for additional storage. Unit 2, on the second floor, boasts 3 bedrooms and 1 bathroom and has a living room. This unit is currently occupied by the sellers and will be delivered vacant upon closing. The property has all-new water heaters and gas heaters, installed in October 2024, and the front yard is cemented with a charming white picket fence. All the utilities in the property are separated and the seller has a rental licenses for both units making this a legal duplex. This is an excellent opportunity for an owner occupant to live in one of the units while renting the other out to help offset the monthly mortgage payment. Or this can be a good investment opportunity for for an investor looking to add a well maintained duplex to their renal portfolio. Either way this is a must see for owner occupants and investors alike.The property is being sold in As is Condition. The property qualifies for the CRA program, offering a conventional loan with no mortgage insurance.With a Walk Score of 83, Transit Score of 80, and Bike Score of 52, this location offers excellent accessibility. It's just a few minutes from the Erie Station on the BSL, with quick access to the NRG Station and Fern Rock TC. Nearby, you'll find a variety of restaurants and cafes, including Soul Delicious Catering, Church Chicken, Bravo Pizza, Starbucks, and Coffee Land. The property is situated in the Tioga-Nicetown neighborhood of Philadelphia, close to parks such as Marcus Foster Memorial Stadium, Hunting Park, and Fernhill Park.Dont let this opportunity pass"schedule your visit today!
Exterior Features

Architectural Style Traditional Construction Materials Masonry Exterior Features Street LightsSidewalks Garage YN No Location Type Urban Lot Features Rear Yard Parking Types On Street Pool No Pool Property Condition Good View Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1728 Appliances Built-In MicrowaveDishwasherOven/Range - GasRefrigerator Basement FullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Exclusions Owner and tenants belongings Fireplace YN No Flooring WoodCarpetCeramic Tile Heating Radiator Heating YN Yes Inclusions Built-In MicrowaveDishwasherOven/Range - GasRefrigerator Interior Features Built-InsBathroom - Soaking TubBathroom - Tub ShowerWood Floors Security Features Window Grills Single Room Units 0 Spa YN No Three Bedroom Units 1 Two Bedroom Units 1

Property Features

Acceptable Financing CashConventionalVAFHA Accessibility Features None Central Air YN No Cooling Fuel Electric Cross Street N 17th St Foundation Details Other Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 2 Original MLSNumber 803507273464 Ownership Interest Fee Simple Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 1465.00 Tax Lot 242 Total Actual Rent 10200.00 Transportation Airport less than 10 milesBus Stop less than 1 mileCommuter Rail Station less than 1 mile Vacation Rental YN No Water Source Public Zoning RM1

Listing courtesy of RE/MAX @ HOME: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX 100. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-08T18:55:43.5.
 
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