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Real Broker NY LLC
1246 S 53rd St, Philadelphia, PA 19143
- $404,500
- 1,950
- SqFt
- List Price
- $404,500
- Price Change
- ▼ $10,500 1790190638
- Status
- ACTIVE
- MLS#
- PAPH2653504
- Living Area
- 1,950
- Lot Size
- 1,572
- Region
- 19143 (19143)
- Subdivision
- Kingsessing
- Year Built
- 1917
- Acres
- 0.04
Property 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!
Additional Information
- Style
- Traditional
- Foundation
- Concrete Perimeter, Slab, Other
- Interior Features
- Ceiling Fans, Dining Combo, Bath in Primary Bedroom, Recessed Lighting, Wood Floors, Other
- Accessibility Features
- Other
- Exterior Features
- Street Lights, Sidewalk, Other
- Water
- Public
- Basement
- Combination, Other
- Flooring
- Hardwood, Vinyl
- Roof
- Shingle, Other
- Heating
- Forced Air, Radiant
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Listing courtesy of Real of Pennsylvania. Contact:
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