Map location of 2050 REED ST, Philadelphia, PA 19146
$375,000
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2050 Reed St, Philadelphia, PA 19146

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0 Beds
0 Baths
1,508 Sq Ft

Looking for a hot deal in a high interest rate environment? This duplex is being sold fully furnished and could be yours! The sellers lose & and the buyers gain! truly an amazing turn key investment property that has major upside and will not last long! Appraised back in 2020 for $400,000, this seller is motivated! Located in highly desirable Point Breeze- with a legal variance allowing this property to be a duplex makes this property in this area extremely rare! this could be the perfect opportunity to improve your investor's portfolio or for an owner occupant who would like to make rental income. The options are endless! Upstairs unit projected rent is $1,550, and the downstairs unit projected rent is $1,200. (priced to rent but can charge an additional 5-15% more) making this AT LEAST a 7% cap rate!This could also make an amazing airbnb as well, as this multi-family produced approximately $71,000 annually since 2019, making this investment an astonishing 13% cap rate if you decide to make this a short-term rental!The recently updated first floor unit has one true bedroom and the second room has the option to be used as an office, second living space or bedroom. There is plenty of space for entertaining with friends & family in the main living/dining area, that features an open floor plan & eat-in kitchen with granite countertops, stainless steel appliances and plenty of cabinets for storage space. The first floor also has access to the basement which provides ample space for extra storage. Upstairs, the second floor unit offers two true bedrooms and one bathroom. Similar to the first floor unit, this unit offers an open living and dining area with an updated kitchen and three piece bath. This area is booming with new development, located within walking distance to center city, hawthorn, public transportation, shopping and dining. Schedule your tour today to recognize what this home run of a deal really has to offer!

Listing By: Vincent Michael Memmo - CG Realty, LLC mdbmls-r Realty.com
  • MLS# PAPH2164890
  • Date Listed09/29/2022
  • Bedrooms 0
  • Bathrooms
  • Lot Size 0.02 acres (871 sq. ft)
  • Sewer Public Sewer
  • Property Type Duplex, Multi-Family
  • County PHILADELPHIA
  • Year Built 1923
  • Water Public
  • Square Feet 1,508 sq. ft
  • Price Per Sq. Ft $248.67

Interior Features

  • Appliances Built- In Microwave, Oven - Single, Refrigerator, Stainless Steel Appliances
  • Cooling Wall Unit(s)
  • Heating Gas Heat

Exterior / Lot Features

  • Roof Flat, Rubber
  • Lot Size Acres 0.02
  • Lot Size SQFT 871.20
  • Lot Features -

Directions

take S 20th Street to Reed St

Financial Considerations

  • Tax Amount $2,683
  • Terms Cash, Conventional, FHA, VA Loan

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in PA / 19146

Source: Walk Score

78/100

Very Walkable

Walk Score ®

69/100

Good Transit

Transit Score ®

85/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

14 nearby routes: 13 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 67/100, Transit Score: 67/100, Bike Score: 72/100.

Points of Interest near 2050 REED ST, Philadelphia, PA 19146

Frequently Asked Questions for 2050 REED ST

Source: Realty.com

2050 REED ST, Philadelphia, PA 19146 is a Duplex, Multi-Family, Residential property listed for $375,000 The property is 1508 sq. ft with 0 bedrooms and 0 bathrooms

Realty.com has 40 photos of 2050 REED ST.

Our records indicate that 2050 REED ST was built in 1923.

The full address for this home is 2050 REED ST, Philadelphia, PA 19146.

2050 REED ST has been listed on Realty.com since Thu September 29, 2022

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 67/100, Transit Score: 67/100, Bike Score: 72/100.

There are 2 schools assigned to this home. Check out the schools near 2050 REED ST. Universal Vare Charter School (Grades: 5 - 8), Franklin Towne Charter High School (Grades: 9 - 12)

Listing provided courtesy of: Cg Realty, Llc (tel: 610-566-5182)
Listing agent: Vincent Memmo (#3322312)

This content last refreshed on 2026-03-22 12:00:11. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 2050 REED ST, Philadelphia, PA 19146 : MLS# PAPH2164890

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