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5412 Chancellor Street

Philadelphia PA 19139

4
1824 sq. ft.
1444 sq. ft.
Duplex
Currently for sale - view listing

Overview

Fully-occupied, income-producing duplex in West Philadelphia with $3,345/month in gross rental income and about 5 years of remaining tax abatement. Each unit offers 2 bedrooms and 2 full bathrooms, fully renovated in 2020 with modern finishes throughout. Features include quartz countertops, stainless steel appliances, central air, in-unit laundry, recessed lighting, and hardwood flooring. The upper unit enjoys a private balcony, the lower unit has private rear outdoor area, while both units include open-concept layouts and spacious closets. Unit 1 is leased for $1565/mo + $70 utility fee, and Unit 2 is leased for $1625/mo with an $85 utility fee, for a total of $40,140/year in gross scheduled income - an in-place cap rate of 7.5%. Ideal turnkey investment with strong rental history and minimal maintenance. Located on a quiet block with convenient access to public transit, major universities, and commercial corridors. Turnkey cash-flowing asset in appreciating West Philly submarket. Perfect for investors or 1031 exchange buyers, as well as owner-occupants looking to live in one unit and rent the other. Showings available by appointment with minimum 48 hour notice.

Features

4 bedrooms
1824 sq. ft. floor area
1444 sq. ft. lot size
Duplex

Property history for 5412 Chancellor Street

2021
Rented
Undisclosed
28 Feb 2021 by OCF Realty LLC

Happy sellers in Philadelphia

80%
80% of sellers in Philadelphia reported that their sale price either exceeded or met their price expectations.

Philadelphia stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Philadelphia over the last 12 months.

Local market activity for 4 bedroom duplexes in Philadelphia

In the last 12 months, 17 four-bedroom duplexes similar to 5412 Chancellor Street, have been sold.

This represents a 11% increase in four-bedroom duplexes sales when compared to the previous 12 months.

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