1246 S 53rd St,PHILADELPHIA, PA 19143
PHILADELPHIA, PA 19143
Description
Price Improvement! 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!
Details
| MLS # | PAPH2653504 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1917 |
| Days On Site | 63 |
| Listing Provided By | Real of Pennsylvania | Francis Nguyen |
Features
| SQ Feet | 1,950 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | RSA3 |
| Acreage | 0.04 |
Interior
| Rooms Total | 5 |
|---|---|
| Cooling | Ceiling Fan(s), Window Unit(s) |
| Heating Yes / No | Yes |
| Heating | 90% Forced Air, Radiant |
| Interior Features | Ceiling Fan(s), Combination Dining/Living, Primary Bath(s), Recessed Lighting, Wood Floors, Other |
| Appliances | Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Dishwasher, Dryer |
Exterior
| Exterior Features | Street Lights, Sidewalks, Other |
|---|---|
| Roof | Shingle, Other |
| Security Features | Smoke Detector |
| Construction Materials | Masonry, Brick, Combination |
| Foundation Details | Concrete Perimeter, Slab, Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4498 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | KINGSESSING |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in KINGSESSING) | |
Price: $404,500 low | high Med: $165,000 sqft: 1,950 low | high Med: 1,170 $ / sqft: $207 low | high Med: $141 On site: 63 low | high Med: 44 | |
Market Activity 19143
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | KINGSESSING |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in KINGSESSING) | |
Price: $404,500 low | high Med: $165,000 sqft: 1,950 low | high Med: 1,170 $ / sqft: $207 low | high Med: $141 On site: 63 low | high Med: 44 | |
