It sounds like you've come across a fantastic opportunity in the Oxford Circle neighborhood of Philadelphia! This duplex property seems to offer various possibilities for both first-time homebuyers and experienced investors. Let's break down some of the key features: Location: Oxford Circle is known to be a great neighborhood with convenient access to transportation, shopping malls, and schools. This makes it an attractive area for potential tenants or residents. Property Description: The duplex consists of two separate units. The first unit comprises 1 bedroom, 1 bathroom, a living room, a dining room, and an eat-in kitchen. The second unit features 2 bedrooms, 1 bathroom, and an eat-in kitchen. Income Potential: This property presents an excellent cash flow opportunity. First-time homebuyers can live in one unit while renting out the other, providing them with additional income to help with mortgage payments or other expenses. Experienced investors can take advantage of the rental income potential from both units, enhancing their investment portfolio. Additional Space: The standup unfinished basement with laundry facilities and a garage adds value to the property. Having a garage is always appreciated by tenants and can potentially increase the rental value of the property. Long-Term Potential: With the increasing demand for rental properties, this duplex could be a sound long-term investment. As the neighborhood continues to develop, property values may appreciate, providing additional benefits to the owner. If you're interested in this property, it's recommended to schedule a visit and see it for yourself. Don't forget to conduct a thorough inspection and research the rental market in the area to determine potential rental income. Also, consider consulting a real estate professional or financial advisor to assess the viability of the investment based on your specific goals and financial situation. Good luck with your potential purchase!
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 1st October, 2023 12:55 PM (UTC)