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! Purchase money mortgage details are available. 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!