5214 Sylvester St, Philadelphia, PA 19124

Description

Welcome to 5214 Sylvester St, a fantastic corner 2-unit apartment building/ duplex brick row home offering 1,292 sq. ft. of living space across two floors, in one of Northeast Philadelphia's most convenient and well connected neighborhoods. Just minutes from public transportation, shopping, dining, and major roadways, this location makes daily commuting and errands a breeze for tenants and owners alike.

This well maintained, rent ready property is a rare find for investors and owner occupants alike. Configuration options include a 1 bedroom/studio unit paired with a 2 bedroom unit, or a 1 bedroom unit with a separate living room, kitchen, and bath, giving flexible layouts to suit a variety of tenant needs. Mechanicals are newer and in great working condition, offering peace of mind and lower upkeep costs from day one.

The finished basement features a full bath behind a closed off door, offering privacy and flexibility for the owner to use as they see fit, whether for extra living space, storage, or even additional rental potential.

One of the standout features of this property is parking, a rare commodity in this part of the city. As a corner lot, it offers space for up to 4 vehicles (3 midsize and 1 sedan), with the potential to rent each space separately for an estimated $200 to $250/month, a valuable additional income stream on top of unit rents.

Buyer incentive: First-time home buyers may qualify for up to $10,000 through the City of Philadelphia's Philly First Home grant, and up to $15,000 through the First Front Door program, subject to eligibility, income limits, and available funding. Seller has a preferred lender who can help qualified buyers get approved for these programs, a great opportunity to reduce upfront costs.

Whether you're an investor looking to add a cash flowing asset to your portfolio, or an owner occupant who wants to live in one unit while collecting rent from the other (and the parking), this property checks all the boxes.

Property is being sold in as is condition. Schedule your showing today!