2534 N Water St, Philadelphia, PA 19125

2534 N. Water St. is a previously tenant-occupied, income-producing 2-bedroom, 1-bath home offering immediate returns and strong long-term potential-an ideal opportunity for investors, savvy buyers, and first-timers alike. Located in the heart of rapidly redeveloping Kensington, this property features low-maintenance laminate flooring, a fully functional kitchen that opens to a fenced rear patio-perfect for taking some of your living space outside. The full basement adds valuable storage or flex space, while the second floor offers two well-sized bedrooms and a full bath. With a high CAP rate and value-add upside, this is a smart addition to any rental portfolio. Conveniently located near public transit, shopping, and major roadways, this property offers both reliable rental income and strong appreciation potential. Being sold as-is. Seller will make no repairs.