Philadelphia, PA 19143,424 S 56TH ST
Philadelphia, PA 19143,424 S 56TH ST
Philadelphia, PA 19143,424 S 56TH ST
Philadelphia, PA 19143,424 S 56TH ST
Philadelphia, PA 19143,424 S 56TH ST
Philadelphia, PA 19143,424 S 56TH ST
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$ 320,000
Est. payment | /mo

1,500 SqFt


$ 320,000
Est. payment | /mo

1,500 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $213

MLS Listing ID PAPH2409740

Style Other

Abv Grd Liv Area 1,500

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $2,627

Tax Year 2024

Lot Size 1,558 Sqft

Acres 0.04

Lot Dimensions 18.00 x 85.00

Property Description

Well-maintained and updated duplex in Cobbs Creek offers an incredible opportunity!! As your first investment you could live in one unit while the other pays your mortgage. Seasoned Investor? One unit has a solid tenant in place and the other was just renovated and is ready for an upscale city professional tenant. You could even rent out the garage or extra storage on the lowest level. The possibilities are endless!

Unit A (Lower) is a spacious 1-bed, 1-bath apartment boasting a large living room, formal dining room perfect for gatherings, and a sunlit kitchen with a refrigerator and electric range. The tenant enjoys a roomy private backyard outdoor retreat. A full laundry for this unit is in the basement with washer and dryer in place. The tenant is in good standing, currently on a month-to-month lease at $950 and will be vacating the property on November 30th. If this space was updated, the rent potential could be $1,200.
Unit B (upper) provides city living at it's best with a true showpiece, completely renovated apartment. The new kitchen is a dream with the perfect arrangement to entertain and create the gourmet experience. Starting with granite countertops, 42 inch cabinets, marble floors, breakfast bar, recessed lighting, deep sink and stylish backsplash. Then there are the new stainless appliances including a large Frigidaire side by side fridge with lower freezer drawer, ceramic cooktop range with warming drawer and space saver microwave. The breakfast bar will easily host 4-5 guests while the adjacent room with a bay window would make a great living room or combo dining room if you'd like. The open-concept layout allows natural light from the bay window to brighten the entire space. The space is breathtaking and to top it off the crystal chandelier with the ceiling fan really makes it pop!

Head down the hall where the newly refinished 1.5 inch white oak hardwood really gleams under all the recessed LED lighting. The convenient laundry nook homes brand-new stacked Samsung washer and dryer. The new bathroom with high-end finishes including new vanity, LED lighting, and brushed black fixtures. This level is completed by two very generously sized bedrooms, both with lighted ceiling fans, beautiful floors, good closets and modern electrical service

This 2-bedroom, 1-bathroom apartment has a rental potential of $1,450/mo. Additional features: 2020 roof replacement, 24-hour exterior surveillance with a free app, separate electric and hot water heaters (Unit B 2024), new sewer mains and new electrical wiring. There is separate garage door access to the expansive unfinished basement space offering endless possibilities for storage, a workshop, or a small business.

Located just minutes from subway stations, bus stops, and within 5 miles of Center City and 10 miles from Philadelphia Airport, this property offers convenient access to everything you need. Don’t miss the chance to own a versatile property in a prime location – perfect for living while generating income or expanding your portfolio!

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning CMX2

Rooms

Basement Daylight, Partial, Interior Access, Outside Entrance, Unfinished, Walkout Level, Windows, Workshop, Other

Interior

Interior Features Wood Floors, Upgraded Countertops, Recessed Lighting, Kitchen - Gourmet, Formal/Separate Dining Room, Dining Area, Ceiling Fan(s), Bathroom - Tub Shower

Hot Water Natural Gas, Electric

Heating Baseboard - Electric, Radiator

Cooling Window Unit(s)

Flooring Solid Hardwood, Partially Carpeted, Ceramic Tile, Marble

Inclusions See Inclusions/Exclusions List

Equipment Built-In Microwave, Built-In Range, Dishwasher, Dryer, Oven/Range - Electric, Water Heater, Washer

Fireplace N

Window Features Double Pane,Double Hung

Appliance Built-In Microwave, Built-In Range, Dishwasher, Dryer, Oven/Range - Electric, Water Heater, Washer

Heat Source Electric, Natural Gas

Exterior

Utilities Available Natural Gas Available, Cable TV Available, Electric Available, Phone Available, Sewer Available, Water Available

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 604219300

Ownership Fee Simple

SqFt Source Assessor

Security Features 24 hour security,Exterior Cameras,Carbon Monoxide Detector(s),Smoke Detector,Security Gate

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Kenneth Van Every • Keller Williams Realty Wilmington
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4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States

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424 S 56TH ST