Description
Exceptional Owner-Occupant Opportunity in Kingsessing Park " 1242 S 51st Street, Philadelphia, PA 19143This 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 serviceAll 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. Dont miss out on the chance to own a piece of Philadelphias Victorian charm, upgraded with modern amenities.Contact Dominique Ferguson at RE/MAX Classic Realtors for a private showing today.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
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2,850SQFT
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$158$/SQFT
Description
Exceptional Owner-Occupant Opportunity in Kingsessing Park " 1242 S 51st Street, Philadelphia, PA 19143This 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 serviceAll 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. Dont miss out on the chance to own a piece of Philadelphias Victorian charm, upgraded with modern amenities.Contact Dominique Ferguson at RE/MAX Classic Realtors for a private showing today.
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