1246 S 53rd St

Philadelphia PA 19143

1950 sq. ft.

1572 sq. ft.

Duplex

Currently for sale - view listing

Overview

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

5 bedrooms

1950 sq. ft. floor area

1572 sq. ft. lot size

Duplex

Property history for 1246 S 53rd St

2023

Sold

$199,500

29 Dec 2023 by MARY JO POTTS, of Elfant Wissahickon-Mt Airy

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