Mary Beth Herrera
SQUARE FEET1,950
MLS#PAPH2653504
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONKINGSESSING
SCHOOLTHE 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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Combination, Other
Cooling: Ceiling Fan(s), Window Unit(s)
Fuel Type: Electric, Natural Gas
Heating: 90% Forced Air, Radiant
Home Style: Traditional
Lot Size: 0.04 Acres
Roof Type: Shingle, Other
Taxes: $4,498
Year Built: 1917
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Dishwasher, Dryer
Exterior: Masonry, Brick, Combination
Exterior: Street Lights, Sidewalks, Other
Flooring: Hardwood, Luxury Vinyl Plank
Interior: Ceiling Fan(s), Combination Dining/Living, Primary Bath(s), Recessed Lighting, Wood Floors, Other
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Number of Rooms: 5
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Twin/Semi-Detached
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Real of Pennsylvania
Agency Phone: 8554500442
Shown By
Agent Name: Mary Beth Herrera
Agent Phone: Cell: (301) 991-1471
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 1,419.49 per month $923.61 Principal & Interest $374.83 Property Tax $121.04 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
1246 S 53rd Street | MLS# PAPH2653504
This multi-family property located at 1246 S 53rd Street, Philadelphia, PA 19143 is currently listed for sale with an asking price of $415,000. S 53rd Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.mbhrealty.com today.