1355-57 Kater St

Philadelphia, PA 19147

Awesome opportunity for owner occupants or investors to purchase this unique property, in a prime location! This property spans across an extra wide lot, offering endless layout and expansion options.Add in the possibility for parking and this property is sure to not last long on the market. Surrounded by new construction, the location can t be beat, just off broad street offering easy access to the subway, center city, highways and all the great features of the city. A quick walk to all the great surrounding neighborhoods, this is city living at its best! Currently set up as two units (zoned as single family), unit 1 has 2 bedrooms, 1.5 bathrooms and unit 2 has 1 bedroom and 1 bathroom. Both units have access to the yard and laundry area, with the current set up. The main unit is accessed from the street, entering from either 1355 street entrance or 1357 entrance and walking through the common hall. Unit 1 spans the entire first floor and includes an eat in kitchen, large living room with fireplace and sliding doors to the yard, as well as a half bathroom and laundry room. Continuing to the 2nd floor you will find the 1st of 2 bedrooms and the full bathroom. On the 3rd floor is the 2nd bedroom with unique built in shelves with pipe holders and reclaimed wood shelves. Unit 2, the smaller upper unit makes up half of the 2nd floor and half of the 3rd floor and is accessed from inside the front gate. The upper unit is rented below market value for $745/month with the lease ending and tenant moving out in May 2020. The basement houses the mechanicals as well as another washer and dryer hookup and can be accessed through unit 1, or from outside unit 2.The property is in need of some TLC to live up to it s true potential, but with the right amount of attention, this could be turned into a stunning home and/or awesome investment, rental or new construction project. New homes on the block Buyers should complete their own due diligence regarding zoning, use, parking, etc., as Seller makes no claims regarding current use or potential.Seller will not make repairs and has priced accordingly.