5345 AKRON STREET, Philadelphia, PA 19124

Comments for 5345 AKRON STREET, Philadelphia, PA 19124

A well-maintained duplex located on a desirable block in the Frankford/Mayfair corridor of Northeast Philadelphia. This income-generating property offers an excellent opportunity for investors or owner-occupants seeking steady cash flow with the added bonus of value-add potential. The property is currently configured as a duplex with two spacious, tenant-occupied units. The first floor features a generously sized one-bedroom unit occupied by a long-term tenant.. The second floor consists of a two-bedroom unit. The landlord covers the water bill, while the tenants are responsible for their own gas, electric, and cable—ensuring a low operating cost and strong return.Previously used as a triplex, the home still retains many of the elements needed to be converted back, offering a great opportunity to increase rental income and maximize property value, subject to zoning requirements.This property is close to public transportation, shopping centers, schools, and major roadways. The area has seen consistent rental demand and appreciation, making it a smart buy for those looking to invest in one of Philadelphia’s established neighborhoods.