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1246 S 53RD STREET

PHILADELPHIA, PA 19143

MLS#: PAPH2653504

$415,000

Status: Active
Listing number: PAPH2653504
Listing provided by: Real of Pennsylvania
Listing agent phone: None
Last update: 10 days ago
On site: 10 days ago
Browse Properties
KINGSESSING - Residential Income

Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1917

Sq.Footage

1,950

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!

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Recessed Lighting, Other

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1950.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Window Unit(s), Gas, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Radiant, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Other Exterior Features

    Other

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Lot Size(square feet)

    1,572

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $415,000

  • Tax Amount

    $4,498

  • Financing Options

    Cash, Conventional, Other

  • Sq. Footage

    1,950

  • Price/SqFt

    $212

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter, Slab, Other

  • Sewer

    Public Sewer

  • Tax Lot

    137

  • Water Source

    Public

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Listing Courtesy of Francis Nguyen , Real of Pennsylvania

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Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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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!

1246 S 53RD STREET

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