$ 438,500
-
$438,500
Price -
5
Bed - Bath
-
2,791
SqFt
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About the Listing KWEMPWR - 3192565,3185561
Over 2700SqFt Fully Renovated Legal Duplex in Cobbs Creek – Ideal for Investors / Owner-Occupants! Welcome to 507 Cobbs Creek Parkway — a completely renovated, park facing duplex offering modern living, strong rental income potential, and the opportunity to live in one unit while renting the other. Perfectly suited for both savvy investors and first-time buyers, this turnkey property features a large 3 bedroom, 2.5 bath and a spacious 2-bedroom 1 bath unit. Each unit was thoughtfully updated with high-end finishes and contemporary comfort in mind. If you’re an investor, this handsome asset will be your best yet. All systems were updated with the renovation. All utilities are separately metered. Property values in the 19143 Zip code have increased by 15.5% year over year. The city has invested $15+ million into the improvement of the Cobbs Creek recreation center, and nearby parks and trails. The future is bright. Owner Occupants! Enjoy an expansive living room and kitchen for your use, with enough cabinet, counter and table space for your family and future hosting. The basement unit has a separate entrance. Can someone say house hack? Life is sweet. Property Highlights: Each unit boasts brand-new kitchens with quartz countertops, stainless steel appliances (refrigerator, microwave, oven), sleek, fully updated bathrooms, new roof, new plumbing, upgraded electric, and all renovations were fully permitted and approved by the City of Philadelphia — this is a legal duplex. Comfort & Efficiency: Brand-new HVAC systems and recessed lighting throughout, along with durable vinyl plank flooring and energy-efficient new windows. Convenience: Washer/dryer plug ins in each unit, open-concept layouts, and separate electrical systems with 125-amp service. Parking & Outdoor Space: Ample street parking along Cobbs Creek Parkway and nearby cross streets. Unit 1 enjoys access to rear parking and a private rear deck for outdoor enjoyment. Tax Abatement Approved: Take advantage of long-term tax savings. Strong Investment Potential for passive income: Estimated annual rental income of $40,800. Located in the desirable Cobbs Creek section of West Philadelphia, this duplex offers excellent access to public transportation (the El line is a 13 minute walk away, the 42, 46 and 21 buses are 2-5 blocks away. The house is across the street from the picturesque Cobbs Creek Parkway, local parks, and nearby shopping and dining. Whether you’re looking to invest or settle into a home that pays for itself, 507 Cobbs Creek Pkwy delivers quality, value, and flexibility. Schedule your tour today!
Listing Highlights for 507 Cobbs Creek Pkwy
Status
Active
Days on Site
71
Property Type
Multi-Family
MLS ®
PAPH2510282
Year Built
1925
Total Square Footage
2,791
Lot/Acreage
0.04
County
Philadelphia
Neighborhood
Cobbs Creek
Area
19143 (19143)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 5
- Bathrooms: Full
- Appliances: Refrigerator, Stove, Microwave
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft: 1867
- Below Ground Sq Ft: 924
- Basement: Fully Finished
- Other: Dining Area,Floor Plan - Open,Kitchen - Gourmet,Walk-in Closet(s)
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: RM1
- Roof: Flat
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $1,380
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
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507 Cobbs Creek Pkwy Philadelphia, PA 19143
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