5345 Akron St, Philadelphia, PA 19124

A well-maintained duplex located on a desirable block in the Frankford/Mayfair corridor of Northeast Philadelphia. This income-generating property offers an excellent opportunity for investors or owner-occupants seeking steady cash flow with the added bonus of value-add potential. The property is currently configured as a duplex with two spacious, tenant-occupied units. The first floor features a generously sized one-bedroom unit occupied by a long-term tenant.. The second floor consists of a two-bedroom unit. The landlord covers the water bill, while the tenants are responsible for their own gas, electric, and cable—ensuring a low operating cost and strong return.Previously used as a triplex, the home still retains many of the elements needed to be converted back, offering a great opportunity to increase rental income and maximize property value, subject to zoning requirements.This property is close to public transportation, shopping centers, schools, and major roadways. The area has … read more …