5958 Loretto Ave, Philadelphia, PA 19149

Property Description

Charming duplex at 5958 Loretto Ave in Northeast Philadelphia offers an excellent opportunity for owner-occupants or investors, conveniently located just off Roosevelt Boulevard with easy access to major transportation routes, shopping, dining, and all the amenities of the bustling Northeast corridor. This well-maintained property features two separate one-bedroom units, with the first floor currently owner-occupied and the second floor generating steady rental income through a lease extending to March 31st, 2026, providing immediate cash flow for your investment. The first-floor unit boasts exclusive access to a finished basement, perfect for additional living space, storage, or recreation. Both units benefit from the character and charm that make this property stand out from typical rental stock in the area. A garage provides valuable off-street parking, a sought-after feature in this neighborhood, adding convenience and value to the property. The home has been lovingly maintained over the years, showing pride of ownership with updates and care evident throughout. This ensures you won't face immediate capital expenditures and can enjoy peace of mind from day one. This duplex presents a rare chance to significantly offset your mortgage by occupying one unit while collecting rent from the other, or to add a turnkey rental property to your investment portfolio with an existing tenant already in place. Whether you're a first-time buyer looking to house hack your way into homeownership, a growing family seeking rental income to supplement your budget, or a seasoned investor wanting a solid cash-flowing asset in a stable Northeast Philadelphia neighborhood, 5958 Loretto Ave delivers on all fronts. The location offers the perfect balance of residential tranquility and urban convenience, with Roosevelt Boulevard's commercial corridor just moments away, while the property itself is situated on a quiet street. Don't miss this opportunity to own a piece of Northeast Philadelphia real estate that combines charm, functionality, and income potential all in one attractive package.