1325 NARRAGANSETT ST Philadelphia, PA 19138
Open House
Sat Nov 07, 12:00pm - 2:00pm
Sun Nov 08, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,260 sqft
Price per Sqft $210
MLS Listing ID PAPH2686866
Style AirLite
Abv Grd Liv Area 1,260
Year Built 1905
Annual Tax Amount $1,392
Tax Year 2026
Lot Size 1,110 Sqft
Acres 0.03
Lot Dimensions 15'x74'
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
It is my distinguished honor to present to you the West Oak Lane Duplex, in Northwest Philadelphia.
💥💥💥 10 YEAR TAX ABATEMENT APPROVED STARTING 2027.
(1) ABOUT THE AREA: Located in the Heart of West Oak Lane, down the street from Awbury Arboretum, with 56 acres of walking trails, beautiful gardens, animal sanctuaries, and landscape nature, tennis and basketball courts, and other amenities, this property is at the intersection of Wyncote Ave., Stenton Ave, and Wister Ave., and adjacent to a transformative intersection and commercial mixed use subdivision. It is nestled in between public transportation infrastructure, medical institutions, new construction, and commercial mixed use corridors with a multitude of amenities. (2) ABOUT THE GENERAL CONTRACTOR: The developer is an experienced contractor that has done many fix and flips over the last decade. The interior design is meticulously chosen to add modern finishes in a contemporary design aesthetic.
(3) ABOUT THE PROPERTY:
💥 🏠Unit 1 [1st Floor]: 1 Bed/1 Bath: Vacant with projected rent $1100-$1200/month and access to the basement and backyard. The laundry hookup is on the main floor and procurement of washer and dryer for Unit #1 is negotiable.
💥 🏠Unit 2 [2nd Floor]: 2 Bed/1 Bath: $1300/month with tenant on lease until 5/31/2027. The unit has a washer & dryer supplied for tenant use and comes with the sale of the property. 💵CAPITALIZATION RATE: West Oak Lane Duplex has a capitalization rate of 9.25% with current rental income of $1,300 per month. 💵PACKAGE DEAL: This property is to be SOLD separately or together in a package deal with the 2 properties: (1) 1329 Narragansett St - Single Family Home Pre-Construction.
(4) AMENITIES: Newly renovated duplex featuring the following
✅ Central Air; ✅ Luxury Vinyl Plank Flooring; ✅ New Stainless Steel Appliances; ✅ New cosmetic finished in kitchen and bathrooms remodel; ✅ New exterior fencing; ✅ Mechanical systems & water heater upgrades; ✅ Washer & Dryer/Laundry hookup; ✅ New exterior patio with cosmetic; ✅ New cabinetry, vanities, plumbing fixtures; ✅ Electrical distribution panels and split utilities.
(5) CLOSING: West Oak Lane is an ever expanding and transformative neighborhood with low taxes, commercial infrastructure brands and businesses, including shops, galleries, boutiques, and scores of bars and restaurants. We look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties.
💥 BUYER INCENTIVES AVAILABLE! 💥 Get up to $20,000 in closing cost & down payment assistance! • Philly First Home Program: Eligible buyers can receive a grant of up to $10,000 or 6% of the purchase price (whichever is lower) through the PHDC to cover your down payment, closing costs, or to reduce your principal. • Lender & Seller Assist Assistance: Qualify for up to $5,000 in additional lender closing cost credits.💥
Location
State PA
County Philadelphia
Area 19138 (19138)
Zoning RM1
Rooms
Basement Unfinished
Interior
Interior Features Bathroom - Tub Shower, Recessed Lighting
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Luxury Vinyl Plank
Equipment Stainless Steel Appliances, Refrigerator, Washer, Dishwasher, Dryer
Fireplace N
Appliance Stainless Steel Appliances, Refrigerator, Washer, Dishwasher, Dryer
Heat Source Electric
Laundry Hookup, Upper Floor, Washer In Unit, Dryer In Unit
Exterior
Water Access N
Roof Type Flat,Rubber
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 1260
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 591149500
Ownership Fee Simple
SqFt Source 1260
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer License ID: RS346782 | 1973175 | BK359849