89 E Herman St, Philadelphia, PA 19144

Property Description

Investment opportunity knocks at this SINGLE DUPLEX (double-size lot)! Repaired rental income potential is $42,000/year ($1500/month downstairs; $200/month upstairs). This 2-bedroom + 4-bedroom property, priced to reflect the repair work needed, is an "investor special", being offered in its present "as is" condition! The 1st floor is a 2-Bedroom apartment with a separate side porch entry. Upstairs is a 4-Bedroom 2-story apartment accessed from the front door. The ingredients for a nice lifestyle are here: Low overhead (separate gas-fired utilities and energy-efficient replacement windows) with some original features (wood flooring & baseboards and wood entry railings. Plumbing and heating, in addition to cosmetic repairs are in order to join this rapidly developing neighborhood's renaissance! ** There are 2 new buildings on this block and 4 new properties on the other side - Pastorius St.** The 1st floor apartment has the covered side porch and large side yard (neighboring lot is vacant), providing an open, airy perspective vs most urban living quarters. This apartment has a Living Room (16 x 11), Kitchen (14 x 11), Bathroom, Main Bedroom (14 x 13) and a 2nd Bedroom/Office (11 x 9). The 2nd floor apartment's front door leads up into the open Living Room (18 x 12), Kitchen (12 x 8), and two Bedrooms (11 x 11 and 10 x 6); directly above which are two more bedrooms (11 x 11 and 10 x 6). There is ample street parking and potential for installing a driveway or garage on this oversized, fenced yard. Call and make your appointment now to visit this diamond in the rough on this low-traffic, one-way street just off Historic Germantown's rapidly developing main road!