5836 Chestnut Street

This property qualifies for CRA financing with 3% down, no PMI, and an interest rate lower than FHA. A 13-month HWA home warranty will be included with an acceptable offer. West Philadelphia Duplex Move-In Ready Multi-Family Investment! This well maintained 2-unit duplex in a desirable West Philadelphia neighborhood is an ideal opportunity for a homeowner who wants to live in one unit while receiving rent for the other. The first floor features a 2 bedroom 1 bathroom unit currently rented for $850 per month on a month to month lease. The second floor offers a vacant 2 bedroom 1 bathroom unit that has been recently renovated with new laminate flooring, a modern kitchen, and fresh paint, allowing an owner occupant to move right in or re rent at approximately $850 per month. Both units have separate gas and electric, individual hot water heaters and heating systems, and forced air heating. Landlord pays for water. The basement offers potential to create an additional apartment, increasing rental income. The duplex has an active rental license for two units. Conveniently located just five minutes from the Market-Frankford Line (MFL) 60th Street Station, providing easy access between Frankford Transportation Center and 69th Street Transportation Center. The area also features a Walk Score of 85, meaning most errands can be accomplished without a car, and a Bike Score of 90, reflecting excellent biking infrastructure. Nearby parks include Haddington Park, Haddington Recreation Center, and Cobbs Creek. Key Bank is offering a 5K credit for this property which can be tied in with the Philly First 10K grant. The 5K credit can be applied toward closing costs or to prepay mortgage, flood/hazard insurance, escrow deposit, real estate taxes, or per diem interest. This duplex offers turnkey rental income potential with added upside from the basement, making it a rare and valuable investment opportunity in West Philadelphia. Schedule your showing today!