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Photo of 6630 Dorel Street, Philadelphia PA
6630 Dorel Street
Elmwood Park
Philadelphia, PA 19142
# of Units
2
1 Bdrm Units
2
Acres
0.03
Interior SqFt
1,102
Age
105
Heating
Electric
Cooling
Window Unit(s)
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
2,175
Additional Details Below

Description

10+ CAP RATE on a quiet Southwest Philly block with easy access to 95, 76, the airport and the new Amazon distribution center. (2) 1-bed, 1-bath units with rear driveway, converted garage & small rear yard. Terrific straight rental with strong demand and great cash flow. Or live in one unit and rent the other to cover most if not all your mortgage. Property is in great shape with everything converted to electricity with separate meters/panels (no need to worry about PGW gas liens). 1st floor unit has direct access to a large unfinished basement that could easily be converted to additional living space and even more rent. 1st floor is vacant and 2nd floor is occupied month to month. 2nd floor can be vacated prior to settlement. Historic rents with consistently strong demand have been around $1,000/month per unit. Property needs basic cosmetic upgrades like paint, new vanities, flooring, etc. Quick turnaround for novice or experienced investors and very low carrying costs with ANNUAL TAXES BEING ONLY $2,175/YEAR. Take advantage of this opportunity and own a legal RM1 duplex in a developing area with tons of potential. Buy, quickly and cheaply upgrade & begin cash flowing this fantastic 10+ CAP RATE asset!

Location

Listing Details

Summary
Architectural Type

Traditional

Interior Features
Basement

Stone

Exterior Features
Exterior Features

Masonry

Utilities
Cooling

Window Unit(s), Electric

Heating

Baseboard - Electric, Electric

Hot Water

Electric

Sewer

Public Sewer

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Rm1
Lattitude : 39.917560
Longitude : -75.228500
MLS# : PAPH2546264
Views : 90
Listing Courtesy: Bryan Capone of KW Empower

Notes

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