1242 S 51st Street, Philadelphia, PA 19143 (MLS # PAPH2396446)

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Price $450,000 Status Active Beds 6 Baths 0 Bath Home size 2,850 sqft Lot Size 1,307 sqft Days on Market 115

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.

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Data last updated: 1/10/25 2:09 PM PST

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