1242 S 51ST ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19143
Key Details
Property Type 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
Year Built 1915
Annual Tax Amount $5,477
Tax Year 2024
Lot Size 1,451 Sqft
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
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Flooring Laminate Plank
Equipment Stove,Washer/Dryer Hookups Only,Refrigerator
Exterior
Exterior Feature Porch(es)
Waterfront N
Water Access N
Roof Type Flat
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Special Listing Condition Standard