For Sale

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Photo of 2520 Memphis Street, Philadelphia PA
2520 Memphis Street
Fishtown
Philadelphia, PA 19125
Bedrooms
2
Full Baths
1
Acres
0.02
Interior SqFt
828
Age
151
Heating
Natural Gas
Cooling
N/A
Water
Public
Sewer
Private
Garages
0
Taxes (2025)
3,443
Additional Details Below

Description

Rare opportunity in red-hot Fishtown/Kensington area. This unique package deal at 2518 and 2520 Memphis Street features two turnkey rental units that have been established as a duplex since the 1980s by a longtime owner. Unit 2518 is a large 1-bedroom, 1-bathroom first-floor apartment, while Unit 2520 offers a spacious 2-bedroom, 1-bathroom layout on the second floor. Both units have been updated over the last few years and are ready to generate immediate income. Savvy investors will recognize the massive value-add potential to make minor improvements and warrant significantly higher market rents. The property features separate PECO and PGW utility meters for easy tenant management, with one shared water service located at 2518. The basement houses the building mechanicals and is easily accessible from a private exterior entrance on Firth Street. Location is everything, and this property delivers. Tenants will love being just steps away from local favorites like Meetinghouse and Cook + Shaker, and just a short stroll from the vibrant Frankford Avenue corridor. Commuters are just 10 minutes from Center City and have rapid access to I-95. Both units must be sold together. The property is being sold in strictly "As-Is" condition, and the seller will not accept any zoning contingencies. Sold as a package deal only.

Location

Listing Details

Property Information

Summary
Architectural Type

Straight Thru

Interior Features
Basement

Full, Brick/Mortar

Exterior Features
Exterior Features

Masonry

Utilities
Heating

Baseboard - Hot Water, Natural Gas

Hot Water

Natural Gas

Sewer

No Septic System

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 246,000
Zoning: Rsa5
Lattitude : 39.980865
Longitude : -75.122604
MLS# : PAPH2614870
Views : 30
Listing Courtesy: Ryan Gallagher of RE/MAX Access

Notes

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