2225 Melvin Street, Philadelphia, PA 19131

Great corner duplex with extra basement efficiency unit. Legally zoned as duplex with two bedroom in each unit. One efficiency in basement. Two gas meter with extra gas line for hook up, two water meter, owner only activated one meter. Three electric meters: unit 1, unit 2 and basement . two car garage with separate entrance , one garage has access from basement with auto remote. Hallway walk out to drive way. Stone and brick corner lot, well maintained. Front foyer entrance for both unit entrance, hallway has access to basement. First floor unit has two doors: one to the living room and the other one to the kitchen. Large living room with bay windows, hard wood floor, dining area facing rear yard with bright windows and natural light. Eat in kitchen with with gas stove, dish washer and double sink. Spacious hallway pantry for storage. Two bedrooms with bright windows and closets. Unit two has same layout like unit with larger living room. Basement combines with one efficiency unit (full bathroom and kitchen, electric heating board), laundry area(owner shares washer and dryer with tenants. ), utility area and hallway to rear yard and garage. Owner occupies first floor unit. 2nd floor Tenant pays 1,200/month on a month to month lease with expiration May 2025. Basement unit pays $300/month on a month to month lease which expires May 2025. Owner pay for water. Unit 2 pays for electric and gas bills. Basement tenant only pays for electric bill. Great investment property or owner live in and rent out the other one for investment. Close to shopping and transportation. Owner prefers settlement end of October. Please talk to listing agent for any details. The cap rate was calculated based on unit one was rented for 1,200/month.