5861 Cedar Ave, Philadelphia, PA 19143

Property Description

INVESTOR OPPORTUNITY: Turnkey Duplex in Historic Cobbs Creek with Strong Cash Flow Potential! Welcome to 5861 Cedar Ave, a spacious, renovated duplex in the vibrant Cobbs Creek neighborhood of West Philadelphia. Each 2 bedroom, 1 bathroom unit is just over 1000 sqft. This corner unit, end of row property has a full unfinished basement accessible from the outside which provides lots of untapped potential. The property was newly renovated in 2020 and it has been very well maintained since then with some of the appliances still in like new condition. This duplex is completely turnkey and move in ready. The property is being sold vacant so it is perfect for a house hack (primary residence) or an investment property. The previous tenants were paying $1390 for the lower unit and $1360 for the upper unit. Current Section 8 rents in the area are as high as $1660 for a 2 bedroom unit. The cash flow potential on the property is fantastic. Schedule a showing today before the opportunity is scooped up!