4340 Cresson St, Philadelphia, PA 19127

Property Description

4340-42 Cresson St, Philadelphia, PA 19127 Prime Manayunk Duplex | $595,000 | Priced to Sell! | 5 Beds 3 Full Bath Listed at **$595,000** with a tax-assessed value of **$618,900**, this exceptional commercial duplex presents a rare opportunity to own a versatile income-producing property on an extra-large, double-wide corner lot in the heart of Manayunk, just steps from Main Street. Both units are currently tenant occupied and generate a significant monthly rental income. The Cresson Street unit features 2 nicely sized bedrooms, 1 full bathroom, an eat-in kitchen, living room, walk-in closet, and a dedicated laundry room. The washer and dryer were recently replaced. The Grape Street unit offers 3 bedrooms and 2 full bathrooms, along with a generously sized eat-in kitchen and dining room featuring a gas fireplace. The expansive living room ceilings, exposed ductwork, wet bar, and third-floor loft/third bedroom create a distinctive industrial-modern feel. The unit has also been recently refreshed with new paint and new carpeting, and the property has a recently redone rubber roof. Both units feature central air conditioning and gas heat. A full basement with a separate entrance provides valuable additional space that could be used for storage, workspace, or potentially additional rental income, subject to applicable approvals. The property's CMX-2.5 zoning allows for a variety of commercial uses, creating tremendous flexibility for an investor, owner-occupant, small business owner, or entrepreneur. The property could potentially accommodate a storefront or small business, while the existing residential units already provide income. Located in one of Manayunk's most desirable and walkable areas, this property offers the combination of location, income, flexibility, and future upside that today's investors are looking for. Property Highlights: * $595,000 asking price * $618,900 tax-assessed value * Commercial duplex on an extra-large double-wide corner lot * CMX-2.5 zoning * 2 tenant-occupied units * Below-market rent on the 2-bedroom unit offers upside * 3BR / 2BA Grape Street unit * 2BR / 1BA Cresson Street unit * Central A/C in both units * New paint & carpeting in Grape Street unit * Recently replaced washer & dryer in Cresson Street unit * Recently redone rubber roof * Full basement with separate entrance * Steps from Main Street and all that Manayunk has to offer **Whether you're looking for a strong investment property, a flexible commercial/residential opportunity, or the ultimate house-hacking setup, this property is ready to deliver. Let the tenants help pay the mortgage while you build equity in one of Manayunk's prime locations. Priced to sell—don't miss this opportunity!**