$ 525,000
-
$525,000
Price -
5
Bed -
4
Bath -
2,900
SqFt
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About the Listing KELWIL - 3182969
COMPLETELY RENOVATED in 2019, 1247 S 53rd St is a 3 Residential Unit, TRIPLEX investment opportunity generating significant cash flow complete with Tax Abatement through 12/31/30. Inquire for Marketing Packet!! ALSO — this property presents an INCREDIBLE opportunity for an owner-occupant looking to live in a beautifully renovated unit while offsetting expenses with substantial rental income from the additional apartments. The flexible layout and ideal unit mix make this a rare opportunity for both investors and savvy buyers looking to build long-term wealth through real estate ownership. 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 (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 a bi-level unit with 2 Bedrooms and 2 Full Bathrooms and 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 attract very good tenants of all different types. There are so many options with this property! This is a perfect purchase for an investor seeking great cash flow and long-term upside, or an owner-occupant wanting to significantly reduce their monthly housing expenses while owning a fully renovated, tax-abated building in a prime Philadelphia location. Contact us so we can walk you through the numbers! Do not wait long, this WILL NOT LAST!!
Listing Highlights
Status
Active With Contingency
Days on Site
36
Property Type
Multi-Family
MLS ®
PAPH2621000
Year Built
1917
Total Square Footage
2,900
Lot/Acreage
0.04
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances: Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer, Intercom, Stainless Steel Appliances
- Air Cond: Ductless/Mini-Split,Ceiling Fan(s),Central A/C
- Heating:
- Fireplaces:
- Floor: Tile/Brick,Hardwood
- Above Ground Sq Ft: 2900
- Below Ground Sq Ft: n/a
- Basement: Fully Finished
- Other: Recessed Lighting,Bathroom - Stall Shower,Upgraded Countertops,Ceiling Fan(s),Combination Kitchen/Dining,Floor Plan - Open,Kitchen - Island,Built-Ins,Dining Area,Entry Level Bedroom,Kitchen - Gourmet,Primary Bath(s),Sprinkler System,Wood Floors
- Water: Public
Exterior Details
- Lot Description: Rear Yard,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 19.00 x 100.00
- Zoning: Legal Triplex (3 Residential Unit Property)
- Roof: Shingle,Rubber
- Others: Exterior Lighting,Sidewalks,Street Lights,Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,167
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1247 S 53rd St Philadelphia, PA 19143
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