1604 S 56th St, Philadelphia, PA 19143
- $343,000
- 1,892
- SqFt
- List Price
- $343,000
- Days on Market
- 31
- Status
- ACTIVE
- MLS#
- PAPH2654808
- Living Area
- 1,892
- Lot Size (Acres)
- 0.03
- Style
- Straight Thru
- Year Built
- 1920
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 1604 S 56th St: Asking Price $343,000 Property Type Duplex Financial Summary Gross Annual Income: $31,800 Annual NOI: Approximately $24,925 Cap Rate: 7.27% Highlights • Stable duplex • Strong rental location • Existing cash flow • Opportunity for future rent growth Building Notes Seller has not yet provided: Utility responsibilities Roof age Mechanical ages Water heater ages Recent renovations Building systems Deferred maintenance information
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Additional Information
- Area
- 19143 (19143)
- Subdivision
- Kingsessing
- Taxes
- $3542
- School District
- The School District Of Philadelphia
- Heating
- Radiator
- Heating Fuel
- Electric
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Capital Commercial Real Estate Group. Contact: 6103599700