6299 Kindred stands out as an updated duplex in Oxford Circle - offering a 9.73% CAP RATE with active 2-UNIT RENTAL LICENSE. Flexibility, modern updates, and exceptional investment performance for both seasoned investors and owner2011;occupants. Positioned on a corner lot, the property provides a rare chance to step into a… Read More clean, ready2011;to2011;lease building without inheriting existing tenants or outdated finishes. Every decision about rent levels, lease terms, and occupancy strategy is yours from the moment you take ownership. Both units feature comfortable two2011;bedroom layouts with dedicated parking, a combination that consistently commands approximately $1,650/month in this zip. The second2011;floor residence has been thoughtfully renovated, showcasing luxury vinyl plank flooring, a brand2011;new kitchen, and a newly installed stove - creating a bright, modern living environment that appeals to today's renters. The first2011;floor unit was just vacated and is now undergoing fresh improvements - including new paint, updated flooring, and modern light fixtures - so the next owner can step into a clean, refreshed space and set optimal rent levels from the start. An above2011;grade basement serves both units and adds meaningful everyday convenience with shared laundry and abundant storage space. Separate gas and electric utilities for each apartment simplify management and allow tenants to control their own usage. Individual driveway parking spots enhance the property's appeal, and the first2011;floor unit enjoys exclusive access to the yard - an attractive feature for tenants seeking outdoor space. The location further strengthens the property's value proposition. Situated near shopping, dining, and multiple public transportation options, the duplex offers easy access to major commuter routes along Roosevelt Boulevard. SEPTA Regional Rail and the Frankford Transportation Center are just minutes away, supporting strong rental demand and making the property appealing to commuters, students, and long2011;term residents alike. For investors evaluating performance, the projected income and typical operating expenses - when self2011;managed - support an exceptional 9.73% cap rate. This positions 6299 Kindred Street as a standout opportunity in a market where duplexes with strong rent potential are increasingly difficult to find. Whether you choose to occupy one unit while the other offsets your mortgage or lease both units to maximize cash flow, the property offers a compelling blend of stability, upside, and long2011;term wealth2011;building potential. With modern updates, and strong proforma market rents, 6299 Kindred Street is ready to perform from day one - delivering flexibility, convenience, and reliable income in one of Northeast Philadelphia's most accessible neighborhoods. -- The information here is deemed accurate but not guaranteed. It is the responsibility of the buyer and buyer's agent to confirm all taxes and zoning. Read Less
Courtesy of Justin B Willis, Compass Pennsylvania, LLC 267-380-5813
Listing Snapshot
Days Online
39
Last Updated
Property Type
Duplex
Square Ft.
1,600
Lot Size
0.05 Acres
Year Built
1950
MLS Number
PAPH2659036
Additional Details
Appliances & Equipment
Stove, Washer, Dryer, Refrigerator
Basement
Full
Building
Built in 1950, Built in 2026 (effective), Living area: 1600, Construction Materials: Masonry
Cooling
Window Unit(s)
Accessibility Features
None
Floors
Luxury Vinyl Plank, Ceramic Tile
Foundation
Block
Garage
2 spaces
Heating
Forced Air, Radiator
Income
Net Operating Income: $35,906, Apartment Rentals, Parking
Lot
0.05 acres, Dimensions: 28.00 x 80.00
Owner Pays
Insurance, Repairs, Taxes - Real Estate
Property
Very Good, Other structures: Above Grade, Below Grade
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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