1422 N WILLINGTON ST

PHILADELPHIA, PA19121

Discover this well-maintained three-level duplex ideally situated right in the heart of Temple University off campus student housing, offering an excellent opportunity for both owner-occupants and investors. The first-floor Unit 1 features an updated full kitchen, two bedrooms, two bathrooms, an additional living space, and access to a full basement that provides ample storage and leads to the rear yard. In the basement is a washer and dryer for in unit laundry facilities. The current tenant for this unit pays $1,230/month and covers all utilities other than water. They are on a yearly lease which ends March 31st, 2025. The second-floor Unit 2 is a spacious bi-level layout with four bedrooms, one and a half bathrooms, a full kitchen, and washer/dryer in unit. This unit is currently vacant, with a monthly projected lease of $1300 per month, providing strong income potential, while Unit 1 is currently occupied. All utilities are separated making it easy to track the expenses per unit and each unit has their own hot water heater and central heating/cooling unit. This property qualifies for CRA financing 3% down, no PMI, and interest rate lower than FHA. Lastly, Key Bank is offering a 5K credit for this property which can be tied in with the Philly First 10K grant. The 5K credit can be applied toward closing costs or to prepay mortgage, flood/hazard insurance, escrow deposit, real estate taxes, or per diem interest. 13-month HWA home warranty will be included with acceptable offer. Located in the vibrant Temple University neighborhood, the property offers an Excellent Transit Score of 80, with the BSL Cecil B. Moore Station just minutes away for easy access throughout the city. Nearby parks such as Ingersoll Park, Lawn Chairs Park, and Francisville Playground offer great outdoor options. This duplex presents an ideal opportunity to live in one unit while generating rental income from the other or to add a solid cash-producing property to your investment portfolio. Schedule your showing today!

Listing courtesy of RE/MAX @ HOME



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