UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,892 sqft
Price per Sqft $181
Subdivision Kingsessing
MLS Listing ID PAPH2654808
Style Straight Thru
Abv Grd Liv Area 1,892
Year Built 1920
Annual Tax Amount $3,542
Tax Year 2023
Lot Size 1,223 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Cap: 5.78%
7 Units
Portfolio Overview
Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia.
The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements.
Seller is willing to sell properties individually or as a portfolio.
1604 S 56th St:
Asking Price
$343,000
Property Type
Duplex
Financial Summary
Gross Annual Income:
$31,800
Annual NOI:
Approximately $24,925
Cap Rate:
7.27%
Highlights
• Stable duplex
• Strong rental location
• Existing cash flow
• Opportunity for future rent growth
Building Notes
Seller has not yet provided:
Utility responsibilities
Roof age
Mechanical ages
Water heater ages
Recent renovations
Building systems
Deferred maintenance information
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RSA5
Interior
Hot Water Electric
Heating Radiator
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 1892
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 514033100
Ownership Fee Simple
SqFt Source 1892
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
Nearby School & Business
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