1516 S Patton St

Grays Ferry, Philadelphia, PA 19146

Presenting an exceptional investment opportunity to acquire an affordably priced property located in the rapidly growing Grays Ferry neighborhood. This property, currently zoned RSA-5, and is configured as a duplex, featuring two individual units, with unit 1 a one-bedroom, one-bathroom apartment and Unit 2 a two-bedroom, one-bathroom apartment. Unit 1 has previously generated a rental income of $750 per month, and with updates and enhancements could get as much as $900/month, Unit 2 is rented for $850/month with tenant paying utilities and has the potential to command a rental rate of up to $1100 per month with some upgrades. It is important to note that the property is in need of some renovation and is being offered for sale in its current "as-is" condition. Investors and developers alike will recognize the significant potential this property holds, both for rental income and long-term appreciation, given the ongoing revitalization of the Grays Ferry area. Seize this opportunity to invest in a promising neighborhood poised for continued growth and transformation. All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.