5402 Lebanon Ave, Philadelphia, PA 19131

Property Description

INVESTOR ALERT & OWNER-OCCUPANT OPPORTUNITY in desirable Wynnefield! This well-maintained duplex offers the perfect combination of immediate rental income, value-add potential, and flexibility for investors or buyers looking to house hack. Unit 1 is vacant and move-in ready, featuring 2 spacious bedrooms, 1 bathroom, recent updates with modern finishes, and a private, serene balcony. Live in one unit while generating income from the other, or lease both units to maximize the property's earning potential! Unit 2 features 1 bedroom and 1 bathroom and is currently occupied by a long-term tenant, providing rental income from day one. Looking for even more upside? The basement features high ceilings and a functional bathroom, presenting potential for additional living space and possible conversion to a third unit, subject to zoning, permits, licensing, and City approval. Buyer is responsible for verifying feasibility and permitted use. Based on current PHA payment standards, a 2-bedroom may qualify for rents up to $2,010/month and a 1-bedroom up to $1,690/month (buyer to independently verify current payment standards and eligibility). Located near shopping, public transportation, schools, and major roadways, this property offers convenience along with strong income potential. EVEN BETTER—purchase this property separately or create a larger investment opportunity by purchasing it together with the neighboring, legally zoned fourplex at 5400 Lebanon Ave! Whether you're an investor looking to expand your portfolio, an owner-occupant looking to offset your mortgage with rental income, or a buyer searching for a value-add opportunity, this Wynnefield property deserves a closer look. Schedule your showing and explore the possibilities! Buyer responsible for verifying all rental rates, PHA standards, and zoning.