4929 Locust St

Property Description

This super-solid duplex in a great West Philly location is an ideal opportunity for an investor looking to add to their portfolio, or a savvy owner-occupant to looking to stay in (or get into!) the neighborhood. Original charm can be found throughout via the oak floors with inlay, tiled vestibule, original banisters and millwork, and second-floor bay window. The first-floor unit is a spacious one-bedroom perfect for an owner’s suite. It’s currently vacant and has exclusive access to the rear patio and basement with utility access and laundry. The enclosed front porch has been incorporated into the floorplan for this unit; it’s a bright bonus space off the living room that would make an awesome home office or even a space for guests to comfortably crash. The main living area is large enough for a dining table, or add a bistro set to the spacious eat-in kitchen. The bedroom at the rear offers plenty of privacy and direct access to the patio. The occupied upstairs unit is a sunny bilevel three-bedroom with good closet space, hardwood floors throughout and a bonus room on the top floor that’s great for a den or office. Rent is below market, and there is opportunity to make cosmetic improvements in both units for increased cash flow down the road, without having to take on big-ticket items immediately: the water main and sewer lines were recently replaced, and the roofs and windows have been well maintained. This home is close, but not too close, to the Market-Frankford line for easy access to University City and beyond, while staying local means Malcolm X Park, the 52nd St strip and all the shops and restaurants along Baltimore Ave are within easy reach.

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