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5578 Ludlow St, Philadelphia, PA 19139

$299,900
: 1,204
SqFt

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List Price: $299,900
Status: ACTIVE
MLS#: PAPH2667542
Subtype: Multi-Family
Style: Other
Year Built: 1925
Living Area: 1,204
Lot Size: 1,226
Acres: 0.03
Subdivision: West Philadelphia
MLS Area Major: 19139 (19139)

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Property Description

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!

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Additional Information

Interior Features: Dining Combo, Dining Combo, Entry Level Bedroom, Recessed Lighting, Wood Floors
Taxes: $4,459
Property Description: Other
Zoning: CMX2
Flooring: Wood
Appliances: Built-In Microwave, Gas Range, Refrigerator, Stainless Steel Appliance(s)
Heating: Forced Air
Air Conditioning: Central Air
Roof: Flat
Foundation: Other
School District: Philadelphia City