561 Tabor Rd Philadelphia, PA 19120

This charming two-unit duplex, located at 561 E Tabor Rd in Philadelphia, Pennsylvania, presents a compelling investment opportunity. Built in 1935, this Class B multifamily property boasts 1,320 square feet situated on a 1,891 square foot lot. The property features two units, each offering one bedroom and one bathroom, a kitchen, and a living room. Each unit enjoys a separate entrance, providing privacy and independence for residents. Individual gas and electric meters, along with separate heating systems, ensure efficient utility management. A shared basement offers ample storage and laundry hookups for both units. The property is zoned RSA-5 and is a fee simple ownership. The asking price is $245,000, translating to $185.61 per square foot and $122,500 per unit. The land value is assessed at $193.18 per square foot. Conveniently located in the desirable Olney-Oak Lane neighborhood, this property is close to various amenities including restaurants, schools (International Christian High School, Olney Elementary School, Washington Grover Junior School, and Zion Christian Day School), grocery stores (Smylie Mini Market, Save-A-Lot, Ricardo A Tejada Grocery, and Jude Grocery Store), and the Fox Chase Line station (Olney). Nearby parks include Ziehler Playground, Olney Playground, and Lindley Playground. This property qualifies for a $10,000 grant and a CRA program for a conventional loan with 3% down payment and no mortgage insurance.