1246 S 53rd St, Philadelphia, PA 19143
- $415,000
- 1,950
- SqFt
- List Price
- $415,000
- Days on Market
- 30
- Status
- ACTIVE
- MLS#
- PAPH2653504
- Living Area
- 1,950
- Lot Size (Acres)
- 0.04
- Style
- Traditional
- Year Built
- 1917
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
1246 S 53rd St is a 3 residential unit triplex, offering an investor or owner-occupant a rare mix of immediate cash flow with a value-add opportunity. This lovely three-story brick semi-detached twin situated in a highly desirable pocket of Kingsessing, sits just minutes from UPenn, Drexel Hill, Cobbs Creek Parkway, SEPTA's Market-Frankford Line and local eateries. The building consists of two 2-bedroom/1bath units and one 1-bedroom/1bath unit, with 2 out of 3 units currently occupied on a long term lease generating annual gross income of $28,900+, leaving the vacant unit open to execute a value-add strategy, or live in one unit while collecting rental income from the others. The price, size, and condition of the property make this attractive for tenants looking for a centralized location fostering strong rental demand. This is a perfect opportunity for an investor seeking great cash flow and long-term upside in an appreciating neighborhood, or an owner-occupant wanting to significantly reduce their monthly housing expenses. Don't miss the chance to secure a multi-unit property with significant growth potential in a rapidly developing pocket of the city!
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Additional Information
- Area
- 19143 (19143)
- Subdivision
- Kingsessing
- Taxes
- $4498
- Interior Features
- Ceiling Fan(s), Combination Dining/Living, Primary Bath(s), Recessed Lighting, Wood Floors, Other
- School District
- The School District Of Philadelphia
- Flooring
- Hardwood, Luxury Vinyl Plank
- Exterior Features
- Street Lights, Sidewalks, Other
- Heating
- 90% Forced Air, Radiant
- Heating Fuel
- Electric, Natural Gas
- Cooling
- Ceiling Fan(s), Window Unit(s)
- Roof
- Shingle, Other
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
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Listing courtesy of Real of Pennsylvania. Contact: 8554500442