3948 DUNGAN STREET, PHILADELPHIA, PA 19124

The property is a legally zoned duplex featuring one one-bedroom unit on the first floor and one two-bedroom unit located on the second floor. Both units are currently occupied by tenants on month-to-month leases with PHA vouchers who are responsible for their own gas and electric bills. The first-floor unit is currently being rented for $685, while the second-floor unit is correctly being rented for $670. Additionally, the garage is rented separately for $100, bringing the total monthly rental income to $1,455. The property has separate gas and electric utilities for each unit, along with newer furnaces and hot water heaters. The new owner will need to apply for duplex usage and obtain the necessary licenses either after closing or prior to it. The property is zoned RM1, which allows for two-family occupancy and requires specific usage and licensing. Additionally, there is a clear city certification on file. The tenants are reliable, take good care of the property, and prefer to stay. The buyer must maintain compliance with PHA requirements or provide the tenants with a 45 day notice to vacate if choosing to end the month-to-month agreements currently in place.