1615 S Frazier St, PHILADELPHIA, PA

About 1615 S Frazier St

Prime Buy-and-Hold Opportunity: 1615 S Frazier St, Philadelphia, PA 19143 Discover a turnkey investment gem in the heart of Philadelphia's up-and-coming Kingsessin neighborhood, where revitalization meets steady rental demand. This charming 2-bedroom, 1-bathroom townhome spans 938 square feet of well-maintained living space on a compact 942-square-foot lot, offering immediate cash flow potential for savvy buy-and-hold investors. **Seamless Income Stream Awaits:** Secure your portfolio with a reliable 12-month lease already in place. The current tenants are model renters—always paying on time and treating the property with care. This property positions you for strong, predictable returns with room for modest appreciation as the area continues to gentrify. Rents $200 under market average, allowing for built-in cashflow growth after 12 months. **Recent Capital Improvements for Low Maintenance:** The landlord has invested thoughtfully in upgrades, ensuring minimal near-term expenses and long-term durability. Highlights include: - **New windows with lifetime warranty** (installed 2022 & 2025) for energy efficiency and curb appeal. - **Brand-new water heater** (2025) to keep operations running smoothly. - **Fresh carpet throughout** (2024) for a like-new feel. - **Updated bathroom floor and vanity** (2025), enhancing functionality and style. - **New PVC drain lines** (2022 & 2023) for reliable plumbing. - **New fridge, stove, and interior doors** (2021), rounding out a modern kitchen setup. Built in 1925 with timeless Philadelphia rowhome character, this property blends historic charm with contemporary reliability—perfect for hands-off ownership. Annual property taxes are a modest $796, further bolstering your bottom line. Don't miss this low-risk, high-reward addition to your rental lineup. Schedule a showing today and start building wealth with confidence! Willing to deliver Vacant with longer close date

Listing Map