PA > Philadelphia
Philadelphia, PA 19143,1242 S 51ST ST
Philadelphia, PA 19143,1242 S 51ST ST
Philadelphia, PA 19143,1242 S 51ST ST
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$450,000
Est. payment /mo
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2,850 SqFt
Price Dropped by $35K

1242 S 51ST ST Philadelphia, PA 19143

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Melissa Roswell

Melissa Roswell

+1(856) 904-9502

UPDATED:

10/15/2024 08:20 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,850 sqft

Price per Sqft $157

MLS Listing ID PAPH2396446

Style Victorian

Abv Grd Liv Area 2,850

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $5,477

Tax Year 2024

Lot Size 1,451 Sqft

Acres 0.03

Lot Dimensions 16.00 x 90.00

Property Description

Exceptional Owner-Occupant Opportunity in Kingsessing Park – 1242 S 51st Street, Philadelphia, PA 19143

This stunning 3,240 sq. ft. Victorian triplex is the perfect blend of historical charm and modern updates, making it an unbeatable investment for any owner-occupant looking for immediate cash flow or to add to their portfolio. Nestled directly across from the serene Kingsessing Park, this property offers not only a prime location but also a unique opportunity to let your tenants help cover the mortgage while you enjoy steady property appreciation.

Key Features:
Structural Integrity: Comprehensive updates to the property include:
New windows and siding (2018)
Brand-new roof with a 10-year warranty (2022)
Upgraded electrical service
All beams replaced and new masonry work, ensuring lasting structural integrity.
Flooring under warranty for additional peace of mind.

Utilities & Systems:
Separate water meters for each unit, offering tenants autonomy and landlords ease of management.
Laundry hookups available for added convenience.
A recently recertified fire alarm system.
Full surveillance system installed for enhanced security.
Remote control temperature for seamless management of heating and cooling.

Ongoing Maintenance: The property includes a month-to-month exterminator contract, ensuring ongoing pest control and maintenance, providing tenants and landlords peace of mind.

Rental Income:
Current Rental Breakdown:
Unit 1: 1 bed/1 bath, $1,100/mo, fully renovated with direct access to the yard.
Unit 2: 2 bed/1 bath, $1,100/mo, fully renovated with modern finishes.
Unit 3: 3 bed/1 bath, $1,200/mo, newly renovated in 2024 with breathtaking views of Kingsessing Park and a livable attic space.
The property is already generating consistent income through University Contracts, making this an ideal investment for those seeking a dependable revenue stream.

Prime Location:
Situated close to Bartram's Historic Garden, University City, and convenient public transportation, this property offers an unbeatable location for tenants.
The street also features a local library, adding to the community feel of the neighborhood.
This move-in-ready triplex is not only an architectural beauty but also a sound investment with all the major updates completed. Don’t miss out on the chance to own a piece of Philadelphia’s Victorian charm, upgraded with modern amenities.

Contact Dominique Ferguson at RE/MAX Classic Realtors for a private showing today.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RM1

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Flooring Laminate Plank

Equipment Stove, Washer/Dryer Hookups Only, Refrigerator

Fireplace N

Appliance Stove, Washer/Dryer Hookups Only, Refrigerator

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es)

Water Access N

Roof Type Flat

Accessibility None

Porch Porch(es)

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Victorian

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 511182600

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by William Holder • RE/MAX Classic

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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1242 S 51ST ST

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