About 1613 N Philip St
Opportunity knocks in the heart of Olde Kensington! This legally zoned duplex offers a rare combination of immediate owner-occupancy potential, stable rental income, and an **assumable FHA loan** with an approximate balance of $328,000 at an exceptional 3.5% interest rate.
Unit 1 is a spacious bi-level one-bedroom, one-bath unit featuring a renovated kitchen with dishwasher, central air, in-unit washer and dryer, laminate flooring, basement access, and a large private patio perfect for entertaining or relaxing outdoors. This unit is currently vacant, making it ideal for an owner-occupant or an investor seeking to maximize rental income.
Unit 2 is a bi-level two-bedroom, one-and-a-half-bath unit with a full kitchen, central air, in-unit washer and dryer, laminate flooring throughout, and a private deck. The unit is currently leased through June 29, 2027, at $1,735 per month to long-term tenants, providing immediate and reliable cash flow.
Located in one of Philadelphia's fastest-growing neighborhoods, Olde Kensington offers easy access to the Fishtown, Northern Liberties, and Center City neighborhoods. Residents enjoy a highly walkable lifestyle with neighborhood favorites including ReAnimator Coffee, Human Robot Brewery, Hancock Recreation Center, and the shops, restaurants, and nightlife along Front Street and Frankford Avenue just minutes away. The neighborhood is known for its strong sense of community, excellent transit access, and continued growth and investment.
Whether you're looking to house hack, expand your investment portfolio, or take advantage of the attractive assumable financing, this versatile duplex presents a compelling opportunity in a thriving Philadelphia location.
