1611 W Erie Avenue, Philadelphia, PA 19140-3640 $270,000
Interior Sq. Ft: 1,728
Acreage: 0.04
Age:94 years
Taxes: $1,104
Subdivision: Nicetown-Tioga
Design/Type:
Twin/Semi-Detached
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. Don’t let this opportunity pass—schedule your visit today!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Radiator Heating, Natural Gas, Window Unit(s) Cooling, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
On Street
Interior
Built-Ins, Wood Floors, Full Basement, Unfinished Basement, Carpet Flooring, Ceramic Tile Flooring, Wood Flooring, Window Grills
Exterior
Masonry, Sidewalks, Street Lights
Lot
Rear Yard, Urban, Street View
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Public Elementary (146 schools)
Public Middle (31 schools)
Public High (69 schools)
Private (120 schools)
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This report is a detailed community overview for Philadelphia (19140), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $29,707
Community Summary
- Population Density (ppl / mile): 16,926
- Household Size (ppl): 2.71
- Households w/ Children: 69%
Housing Inventory
- Owned: 9,443 (41.9%)
- Rented: 9,368 (41.6%)
- Vacant: 3,708 (16.5%)
- Total: 22,519
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 11.5%
- Some High School: 17.2%
- High School Graduate: 41.9%
- Some College: 16.6%
- Associate Degree: 4.2%
- Bachelor's Degree: 5.9%
- Graduate Degree: 2.7%
Income by dollar range
Median Income: $22,790
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $566
- One Bedroom: $698
- Two Bedroom: $868
- Three Bedroom: $962
- Four Bedroom: $950
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-542-3947
Listing Courtesy of: RE/MAX @ HOME , (215) 607-3535, thelistingteam@liveloveathome.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 12/27/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.