1622 Womrath Street, Philadelphia, PA 19124

Property Description

This property qualifies for CRA financing with 3% down, no PMI, and an interest rate lower than FHA. HWA home warranty will be included in the sale of the property. Exceptional investment opportunity in the Frankford section of Philadelphia! This legally zoned duplex is situated on a prominent corner lot with commercial zoning, offering outstanding flexibility for investors, business owners, or owner-occupants. The property features two self-contained residential units. Each unit offers a spacious living room, kitchen, 1 bedroom, and 1 full bathroom, making it ideal for generating rental income or living in one unit while leasing the other. A full basement provides additional storage and utility space. With its commercial zoning, corner location, and income-producing potential, this property presents a variety of possibilities, including expanding your investment portfolio, owner-occupancy with rental income, or exploring future commercial opportunities (buyer to verify permitted uses with the City of Philadelphia). Key Bank is offering a 5K credit for this property which can be tied in with the Philly First 10K grant. The 5K credit can be applied toward closing costs or to prepay mortgage, flood/hazard insurance, escrow deposit, real estate taxes, or per diem interest. Conveniently located near shopping, restaurants, public transportation, and major roadways, the property is also close to Frankford Park, Harrowgate Park, and Tacony Creek Park, providing easy access to green space and recreational opportunities. This versatile property is a rare opportunity for both investors and buyers seeking long-term value. Schedule your showing today!

Property Features

Local Schools