1604 S 56TH ST, Philadelphia, PA 19143
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by Christopher Yangello • Capital Commercial Real Estate Group
$343,000
Est. payment /mo
1,892 SqFt
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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

Part of a Portfolio - $2,823,000 ($166,058.82/Unit)
Cap: 5.78%
9 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

Read Less Info
Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader | RS RS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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