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1247 S 53RD Street

PHILADELPHIA, PA 19143
  • $499,000
  • STATUS: Active Under Contract
  • ON SITE: 47 Days
  • ID#: PAPH2169710
Under Contract
UPDATED: 70 min ago
$499,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1917
County:

School Ratings & Info

Description

COMPLETELY RENOVATED in 2019, 1247 S 53rd St is a 3 Residential Unit, TRIPLEX investment opportunity generating significant cash flow in Philadelphia. Inquire for Marketing Packet!! The property is located in one of the MOST DESIRABLE sections of the city, the Kingsessing neighborhood. This location is FANTASTIC. The property is surrounded by numerous amazing universities (St. Joseph+GGs University - City Campus, University of Penn, and Drexel University) and major hospitals (CHOP and Penn Hospital). It is also located within a short walk to great public transportation including Trolley Lines 13 and 34, and you are just steps from THE BEST Commercial Corridor in the city, Baltimore Avenue. This will be an incredible investment opportunity for years to come. The property is complete with an ideal unit mix. Unit 1 is 2 Bedrooms and 2 Full Bathrooms with additional den / office spaces, Unit 2 is 2 Bedrooms and 1 Full Bathroom, and Unit 3 is 1 Bedroom and 1 Bathroom. The price, size, and condition of the property attracts very good tenants of all different types. Pride of ownership is obvious at this property. The owner has self-managed meticulously. ALSO, there are so many options with this property! This is a perfect purchase for an investor, great cash flow and so much upside. This is also ideal for an owner-occupant! Unit 2 has been intentionally left vacant in the event the Buyer will occupy the unit. Live in one unit and the tenants will pay most of the expenses for the property. Contact us so we can walk you through the numbers! Do not wait long, this WILL NOT LAST!! Tax abatement in process, should be approved shortly! Tax abatement will last through 12/31/2030.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-30T07:50:11.623.
www.locomusings.com/homes/133912412
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1247 S 53RD Street PHILADELPHIA, PA 19143

  • Price: $499,000
  • Status: Active Under Contract
  • On Site: 47 Days
  • Updated: 70 min ago
  • ID#: PAPH2169710
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1917
Built
Neighborhood:
Kingsessing
County:
Philadelphia
Area:
19143 (19143)
School District:
The School District Of Philadelphia
Property Description
COMPLETELY RENOVATED in 2019, 1247 S 53rd St is a 3 Residential Unit, TRIPLEX investment opportunity generating significant cash flow in Philadelphia. Inquire for Marketing Packet!! The property is located in one of the MOST DESIRABLE sections of the city, the Kingsessing neighborhood. This location is FANTASTIC. The property is surrounded by numerous amazing universities (St. Joseph+GGs University - City Campus, University of Penn, and Drexel University) and major hospitals (CHOP and Penn Hospital). It is also located within a short walk to great public transportation including Trolley Lines 13 and 34, and you are just steps from THE BEST Commercial Corridor in the city, Baltimore Avenue. This will be an incredible investment opportunity for years to come. The property is complete with an ideal unit mix. Unit 1 is 2 Bedrooms and 2 Full Bathrooms with additional den / office spaces, Unit 2 is 2 Bedrooms and 1 Full Bathroom, and Unit 3 is 1 Bedroom and 1 Bathroom. The price, size, and condition of the property attracts very good tenants of all different types. Pride of ownership is obvious at this property. The owner has self-managed meticulously. ALSO, there are so many options with this property! This is a perfect purchase for an investor, great cash flow and so much upside. This is also ideal for an owner-occupant! Unit 2 has been intentionally left vacant in the event the Buyer will occupy the unit. Live in one unit and the tenants will pay most of the expenses for the property. Contact us so we can walk you through the numbers! Do not wait long, this WILL NOT LAST!! Tax abatement in process, should be approved shortly! Tax abatement will last through 12/31/2030.
Exterior Features

Construction Materials Masonry Garage YN No Lot Features Rear Yard Parking Types On Street Property Condition Excellent Riparian Rights YN No Roof ShingleRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2900.00 Cooling Ductless/Mini-SplitCeiling Fan(S)Central A/C Exclusions All Tenant Belongings. Flooring Tile/BrickHardwood Heating Heat Pump(S)Wall Unit Heating YN Yes Net Square Feet 2900.00 Security Features IntercomSecurity GateExterior CamerasFire Detection SystemMain Entrance LockMotion DetectorsSecurity SystemSprinkler System - IndoorSurveillance Sys

Property Features

Acceptable Financing ConventionalCashVaFha Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Cross Street Springfield Avenue Foundation Details StoneConcrete PerimeterSlab Heating Fuel Electric Hot Water Electric Insurance Expense 1850.00 Maintenance Expense 468.00 Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 3 Operating Expense Includes InsuranceRepair/MaintenanceSewerWater Original MLSNumber 801948080732 Other Expense 2332.00 Owner Pays ElectricityInsuranceSewerTaxes - Real EstateWater Ownership Interest Fee Simple Possession NegotiableImmediate Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 762.00 Tax Assessment Amount 54500.00 Tax Lot 34 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileMetro/Subway Station Less Than 1 MileCommuter Rail Station 1 To 5 Miles Vacation Rental YN No Water Source Public Year Built Effective 2019 Zoning Rsa3 Zoning Description 3 Residential Units.

Listing courtesy of Keller Williams Realty Group: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-30T07:50:11.623.
 
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