1155 S 10th Street Philadelphia, PA 19147

Listing agency First City Team

Listed by steven zhao · License #RS315738

Source Crexi

Added: Apr 12 Updated: Jul 20 at 4:45PM Checked: Jul 22 at 7:08AM

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Investment Insights

Based on property information with market context.

This legally zoned duplex property is currently configured in a way that requires conversion back to a two-unit setup. The building was previously converted from a single-family home into a triplex, but approval is only for a duplex, so the top two units must be converted into one unit, described as involving only one wall. Permits are available to support the required conversion. At present, all three units are leased, generating stated gross rental income of $42,000.

The property has one gas meter and one electric meter, with the landlord paying utilities at the moment.

Key Highlights

• Legally zoned duplex that needs conversion back from a triplex configuration
• Permits available for the required conversion back to a duplex
• Currently all 3 units are leased with $42,000 gross rental income

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FAQs

What type of property is this?

Duplex - Leased three-unit income property needs conversion back to a legally approved duplex with existing utilities in place.

Where is this duplex located?

The property is located at 1155 S 10th Street Philadelphia, PA.

What are key features of this property?

This property features: Legally zoned duplex that needs conversion back from a triplex configuration; Permits available for the required conversion back to a duplex; Currently all 3 units are leased with $42,000 gross rental income