• 206 E MERMAID LN, PHILADELPHIA, Pennsylvania, 19118

  • $329,000
Attention Investors? classic Chestnut Hill stone Duplex in excellent condition with long-term tenants and loads of original character & detail. Just a stone's throw from Wyndmoor train station and the Germantown Avenue retail corridor, this well located property consists of a stucco over stone basement level, two stories of Wissahickon schist masonry surmounted by a mansard roof dormer level. There are separate utilities for each unit, gas & electric paid by the tenants while landlord pays water & sewer for the building. Enter the common hallway through a cheery red door, first unit is to your right. Sunny two bedroom bi-level apartment has high ceilings, wood flooring and an historic mantel piece in the living/dining room, small breakfast room leads to the efficient galley kitchen and a glass french door opens out to a totally private, enclosed brick terrace; perfect spot for container garden or entertaining. There is a large front room which can be used as a bedroom or additional living space with big windows on two sides. Upstairs is the full, tiled bath with tub/shower combination, stacked laundry, a large bedroom with walk-in closet and a private walk-out porch overlooking the street. The second unit is also two bedrooms, one bath and shares the common entry. Up one flight of stairs to the unit's door, enter into a high ceilinged main living space with hardwood floors, modern pullman style kitchen along one wall with maple cabinets, slate backsplash, stainless appliances, and a mobile island. North facing painter's light fills the space. Stairs to top level lead to two good size bedrooms with nice closet storage and a black & white tiled hall bath with tub/shower and stacked laundry. This historic building has a well-planned layout with excellent use of space, very easy to share each of the two units or great for individual occupants who need extra space. There is a bonus basement space with separate entrance at street level, cemented floor, drywalled throughout and a full bath w/ stall shower - could be storage for tenants, private storage for an off-site owner, studio space or connect it to the lower unit for even more square footage. "Very walkable, bikeable, w/ good transit" and near Winston Park this property is a great long-term investment opportunity for both professional owners or an owner occupant, make your appointment to see it today!
(215) 546 - 0550
PostedOctober 18, 2017