SARTAIN PHILADELPHIA, PA 19107

Features

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Sale Type

Fannie Mae or Freddie Mac has foreclosed on this property because the owner couldn't meet their payments. Both are chartered by the U.S. Government to help lower-income families achieve homeownership. Special financing may be available.

Description

INVESTORS: 203 S. Sartain - A TWO RENTAL UNIT UTOPIA. NOTE: POSSIBILITY OF 5% DOWN if you purchase and move into one of the units. (Recent Fannie Mae ruling). Key Property Takeaways: (A) Enviable location: Washington Square West Historic District (btw 11th & 12th off Locust). (B) An income producing property perfectly positioned to appeal to a steady stream of potential renters: Doctors and Nurses in need of housing and work close by at Pennsylvania, Jefferson and Wills Eye Hospitals - plus people working at law firms and other Center City corporations. UNIT 1: 1 BR / 1 Bath Open Floor Plan Unit encompasses the entire first floor with spacious LR, custom shelving, home office area and cozy kitchen with an abundance of wooden cabinetry. The bedroom and en-suite bathroom lie beyond the LR. Exit back door to a spacious cement patio with basement access from outside. Basement allows ample storage with W/D. Owners previously listed as a highly successful Airbnb unit. UNIT 2 - A multi-level 2 BR / 1 Bath beauty spanning the 2nd - 4th levels with hardwood floors, recessed lighting and tons of light. The lovely LR boasts a decorative fireplace and custom built-ins...not to be outdone by the superb kitchen with stainless steel appliances, striking white cabinetry, black granite counters and peninsula with bar stool seating. Walk up the stairs within the unit (truly a home) to the cottage-inspired primary bedroom with exposed beamed ceiling - intimate balcony (heaven) - and ample closet space. This floor enjoys the luxuriously tiled hall bathroom with stall shower and w/d. This exceptionally distinctive unit is perfected by the top level's cozy 2nd bedroom with exposed brick and dormer windows. Also ideal as a home office. Craving more? The property is immediately next to the Sartain Community Gardens lush greenery. [Tenants can apply w/Wash West Civic Association to become a member.] Close to Washington and Rittenhouse Squares, 13th Street hot spots, fabulous restaurants, the Kimmel Center, Avenue of the Arts, Whole Foods, Mothers, and the Acme . NOTE: UNIT 2 IS RENTED UNTIL MAY 2025 for $1,800 Monthly; UNIT 1 IS RENTED UNTIL MAY 2024 for $1450. Both have potential of renting for higher. PHOTOS FROM PREVIOUS OCCUPANTS. PLUS: 203 S. Sartain (2 Unit Rental Property) and 205 S. Sartain (Single Family) are both up for sale - separately - but could be bought and combined into one property in the future - something other trinity owners in the area have done. A thought.