About 2017 Fitzwater Street, Philadelphia, Pennsylvania
Welcome to 2017 Fitzwater St Ã¢â‚¬â€œ a fantastic income-generating duplex in the heart of Graduate Hospital. This fully occupied property produces over $45,000 a year and is the perfect addition to any investorÃ¢â‚¬â„¢s portfolio. The first floor 1 bed/1 bath unit was recently renovated and is rented ($1700 monthly) and managed by a professional management company. It features an updated kitchen with four-piece stainless steel appliances, as well as counter seating. In addition, the unit has access to a long, dry basement that has potential to be finished, as well as a quiet, private backyard. The unit is used as a short term rental and is featured as a popular listing on Airbnb as well as other sites. Continuing upstairs, the property features an occupied ($2200 monthly) bi-level 2 bed/2 bath unit with refinished original hardwood floors, a picturesque kitchen with exposed beams, and terrific lighting throughout. Both bedrooms are spacious and afforded privacy by being on separate floors. The third floor also features a stunning four-piece en-suite bathroom with a soaking tub, oversized walk-in shower, and double sink vanity. With a cap rate of 6.9%, consistent appreciation in one of PhiladelphiaÃ¢â‚¬â„¢s most desirable neighborhoods, and instant income generation - donÃ¢â‚¬â„¢t miss this rare opportunity!