1533 W Passyunk Ave, Philadelphia, PA 19145

Property Description

Great investment opportunity or perfect for an owner-occupant looking to live in one unit and rent the other! This duplex located at 1533 W Passyunk Ave, directly across from the site of the historic Melrose Diner, offers solid bones and strong potential. Both units are clean and livable with separate utilities, including two boilers and two hot water tanks. The first-floor unit features hardwood floors throughout the living areas. The second-floor unit offers a flexible layout with three separate rooms that can be used as a three-bedroom or two-bedroom with living room, plus central air conditioning. The property includes a spacious basement with good ceiling height, offering great potential to be finished or used for additional storage. The rear yard is accessible from both units and is attached to a private alleyway, providing convenient access and added functionality. The second floor also has two separate entrances, including access to a common area ideal for bike storage or possible washer and dryer setup. Kitchens and bathrooms could benefit from updates, providing an excellent value-add opportunity to increase rental income or build equity over time. Conveniently located on West Passyunk Avenue near shopping, dining, and public transportation.