$ 189,900
-
$189,900
Price -
4
Bed -
2
Bath -
1,862
SqFt
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About the Listing COMMONGR - 3186844
Investors - this is you don't want to miss! We've lowered the asking price on this cash-flowing Cobbs Creek duplex, and the numbers now exceed the 1% rule: collected rents represent 1% or more of the new sale price. That's day-one cash flow with room to grow. Both two-bedroom units are tenant-occupied and producing income now — no lease-up period, no vacancy risk out of the gate. While your tenants pay down the asset, you plan your next move. A rundown of the asset: The first-floor unit sits on a full-footprint unfinished basement with walk-out access — a blank canvas for additional storage, utility space, or a future value-add play. The second-floor unit was kitchen-renovated last year and features a large covered porch and an oversized dining/kitchen layout that tenants love. Location works for you too - bus lines at the door and Baltimore Ave trolley just blocks away means strong rental demand isn't going anywhere. Being sold AS-IS. Priced to move. The seller is motivated and the math is already working in your favor - this is the rare opportunity where the deal is done before you even close.
Listing Highlights
Status
Active
Days on Site
48
Property Type
Multi-Family
MLS ®
PAPH2596626
Year Built
1920
Total Square Footage
1,862
Lot/Acreage
0.03
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: Refrigerator, Oven/Range - Gas, Washer, Dryer
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1862
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 16.00 x 77.00
- Zoning: RM1
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,599
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
709 S 56th St Philadelphia, PA 19143
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