721 S 17th St, Philadelphia, PA 19146

Property Description

Rarely does a fully renovated, turnkey duplex become available in the heart of Philadelphia’s highly sought-after Graduate Hospital neighborhood. Located just one block from vibrant South Street and less than a ten-minute walk to Rittenhouse Square Park, 721 S. 17th Street offers an exceptional combination of lifestyle, flexibility, and investment potential. Perfect for both investors and owner-occupants, this impeccably maintained property features two thoughtfully designed residences with separately metered utilities, allowing residents to pay their own gas and electric expenses. Unit 1 is a spacious one-bedroom, one-bath residence featuring private laundry, abundant basement storage, and an expansive rear yard rarely found in city living. The unit is currently leased for $2,040 per month, with the tenant responsible for all utilities except water, providing immediate and stable income. Unit 2 is a bright and expansive bi-level residence offering two bedrooms and one-and-a-half baths. The open-concept main level features an eat-in kitchen with granite countertops, generous cabinetry, a dishwasher, and ample living and dining space ideal for entertaining. Upstairs, the oversized primary suite includes a walk-in closet, while second-floor laundry adds everyday convenience. The current tenant has agreed to vacate within 45 days, presenting an outstanding opportunity for an owner-occupant seeking to offset their mortgage with rental income. This unit is currently leased for $2500. Both residences include in-unit washer and dryer sets, providing convenience and enhancing long-term tenant appeal. Additional value-add opportunities exist for future improvements. The oversized closet adjacent to the existing full bath presents the potential to create a second full bathroom, while the third-floor landing configuration may allow for the addition of a roof deck. Whether you’re seeking strong rental income, a house-hacking opportunity, or a long-term investment in one of Philadelphia’s most desirable neighborhoods, 721 S. 17th Street delivers. Enjoy easy access to Rittenhouse Square, Center City, neighborhood parks, acclaimed restaurants, coffee shops, and countless shopping and entertainment options, all just steps from your front door. Opportunities to acquire a move-in-ready duplex in Graduate Hospital are few and far between. Schedule your private tour today.