1325 Narragansett St, Philadelphia, PA 19138

Property Description

THE DYNAMIC DUPLEX IN WEST OAK LANE It is my distinguished honor to present to you the West Oak Lane Duplex, in Northwest Philadelphia. (1) ABOUT THE AREA: Located in the Heart of West Oak Lane, down the street from Awbury Arboretum, with 56 acres of walking trails, beautiful gardens, animal sanctuaries, and landscape nature, tennis and basketball courts, and other amenities, this property is at the intersection of Wyncote Ave., Stenton Ave, and Wister Ave., and adjacent to a transformative intersection and commercial mixed use subdivision. It is nestled in between public transportation infrastructure, medical institutions, new construction, and commercial mixed use corridors with a multitude of amenities. (2) ABOUT THE GENERAL CONTRACTOR: The developer is an experienced contractor that has done many fix and flips over the last decade. The interior design is meticulously chosen to add modern finishes in a contemporary design aesthetic. (3) ABOUT THE PROPERTY: Unit 1 [1st Floor]: 1 Bed/1 Bath: Vacant with projected rent $1100-$1200/month and access to the basement and backyard. Unit 2 [2nd Floor]: 2 Bed/1 Bath: $1300/month with tenant on lease until 5/31/2027. CAPITALIZATION RATE: West Oak Lane Duplex has a capitalization rate of 9.25% with current rental income of $1,300 per month. PACKAGE DEAL: This property is to be SOLD separately or together in a package deal with the 2 properties: (1) 1329 Narragansett St - Single Family Home Pre-Construction. (4) AMENITIES: Newly renovated duplex featuring the following ✅ Central Air; ✅ Luxury Vinyl Plank Flooring; ✅ New Stainless Steel Appliances; ✅ New cosmetic finished in kitchen and bathrooms remodel; ✅ New exterior fencing; ✅ Mechanical systems & water heater upgrades; ✅ Washer & Dryer/Laundry hookup; ✅ New exterior patio with cosmetic; ✅ New cabinetry, vanities, plumbing fixtures; ✅ Electrical distribution panels and split utilities. (5) CLOSING: West Oak Lane is an ever expanding and transformative neighborhood with low taxes, commercial infrastructure brands and businesses, including shops, galleries, boutiques, and scores of bars and restaurants. We look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties. 💥 BUYER INCENTIVES AVAILABLE! 💥 Get up to $20,000 in closing cost & down payment assistance! • Philly First Home Program: Eligible buyers can receive a grant of up to $10,000 or 6% of the purchase price (whichever is lower) through the PHDC to cover your down payment, closing costs, or to reduce your principal. • Lender & Seller Assist Assistance: Qualify for up to $5,000 in additional lender closing cost credits.