1617 N 56th St, Philadelphia, PA 19131

Property Description

INVESTORS, RENOVATION BUYERS & FUTURE OWNER-OCCUPANTS — BRING YOUR VISION TO LIFE! Discover the potential of this two-unit duplex at 1617 N. 56th Street! Whether you're looking to expand your investment portfolio or purchase a property to renovate and make your own, this duplex offers an opportunity to transform two separate apartments into something special. Each apartment features 2 bedrooms and 1 bathroom. The first-floor unit offers original hardwood flooring, some of which requires repair, ceiling fans, basement access, and a rear deck. The basement includes a half bathroom, an existing bar area, and a cedar closet for additional storage, offering additional possibilities for improvement. The second-floor unit features carpeting, ceiling fans, a newer toilet, and access to a rear balcony. The property requires updates, including flooring, appliances, and other improvements, making it an opportunity for buyers interested in renovation projects. Renovation financing options may be available to qualified buyers, subject to lender approval, property eligibility, and program requirements. RENTAL INCOME POTENTIAL: Based on comparable rental research in the surrounding area, the property may have the potential to generate approximately $3,000–$3,200 per month in combined gross rental income following suitable renovations. These figures are estimates only and are not an appraisal or guarantee of rental income. Actual rents will depend on completed improvements, property condition, market demand, and applicable requirements. Buyers should independently verify rental projections. Select listing photos include AI-generated renovation concepts to help buyers visualize the property's potential. These images are for illustrative purposes only and do not represent the property's current condition or completed renovations.