1242 S 51St Street, Philadelphia, PA 19143-4392 $450,000
Interior Sq. Ft: 2,850
Acreage: 0.03
Age:109 years
Taxes: $5,477
Design/Type:
Interior Row/Townhouse
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.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, Window Unit(s) Cooling, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
On Street
Interior
Unfinished Basement, Laminate Plank Flooring
Exterior
Concrete Perimeter Foundation, Flat Roof, Masonry, Porch(es)
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Public Elementary (124 schools)
Public Middle (18 schools)
Public High (52 schools)
Private (112 schools)
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This report is a detailed community overview for Philadelphia (19143), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 36
- Average salary of people in this community: $37,100
Community Summary
- Population Density (ppl / mile): 19,911
- Household Size (ppl): 2.55
- Households w/ Children: 61%
Housing Inventory
- Owned: 11,948 (39.1%)
- Rented: 13,154 (43.0%)
- Vacant: 5,482 (17.9%)
- Total: 30,584
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.0%
- Some High School: 9.8%
- High School Graduate: 35.2%
- Some College: 20.5%
- Associate Degree: 5.1%
- Bachelor's Degree: 14.2%
- Graduate Degree: 11.2%
Income by dollar range
Median Income: $34,579
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $755
- One Bedroom: $873
- Two Bedroom: $976
- Three Bedroom: $1,000
- Four Bedroom: $1,015
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-429-7348
Listing Courtesy of: RE/MAX Classic , (610) 687-2900
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 12/23/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.