Property Description

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 owner‑occupants. Positioned on a corner lot, the property provides a rare chance to step into a clean, ready‑to‑lease building without inheriting existing tenants or outdated finishes.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 two‑bedroom layouts with dedicated parking, a combination that consistently commands approximately $1,650/month in this zip. The second‑floor residence has been thoughtfully renovated, showcasing luxury vinyl plank flooring, a brand‑new kitchen, and a newly installed stove—creating a bright, modern living environment that appeals to today’s renters. The first‑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 above‑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 first‑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 long‑term residents alike. For investors evaluating performance, the projected income and typical operating expenses—when self‑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 long‑term wealth‑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.

Property Features

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