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219 S 51ST Street

PHILADELPHIA, PA 19139
  • $310,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: PAPH2104700
UPDATED: 37 min ago
$310,000
  • 10
    BEDS
  • 0.03
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,100
    SQFT
  • $148
    $/SQFT
Neighborhood:
Type:
Villa/Townhouse
Built:
1925
County:

School Ratings & Info

Description

INCREDIBLE INVESTMENT OPPORTUNITY! This massive property is zoned RM-1 which means it can be converted by right into a 4 unit income producing property. With increasing rents and demand, this submarket will yield great returns year over year. Seller has plans for a 4 unit conversion as it is currently a 10 bedroom rooming house. Plans include 2 (1) unit apartments, 1 (2) bedroom, and 1 (3) bedroom unit all with laundry in unit. With market rate rents this building can bring returns anywhere from an 8% to 9% cap rate. Quadplexes in the area are selling for top dollar, do not miss out on this incredible opportunity!

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-28T14:50:41.187.
www.mynjhomesearch.net/homes/127772696
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219 S 51ST Street PHILADELPHIA, PA 19139

  • Price: $310,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 37 min ago
  • MLS #: PAPH2104700
10
Beds
3
Baths
0
½ Baths
0.03
Acres
2,100
SQFT
$148
$/SQFT
1925
Built
Neighborhood:
West Philadelphia
County:
Philadelphia
Area:
19139 (19139)
School District:
The School District Of Philadelphia
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY! This massive property is zoned RM-1 which means it can be converted by right into a 4 unit income producing property. With increasing rents and demand, this submarket will yield great returns year over year. Seller has plans for a 4 unit conversion as it is currently a 10 bedroom rooming house. Plans include 2 (1) unit apartments, 1 (2) bedroom, and 1 (3) bedroom unit all with laundry in unit. With market rate rents this building can bring returns anywhere from an 8% to 9% cap rate. Quadplexes in the area are selling for top dollar, do not miss out on this incredible opportunity!
Exterior Features

Architectural Style Straight Thru Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2100 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplaces Total 0 Heating Radiator Heating YN Yes Levels 3 Main Level Bedrooms 3 Pets Allowed Case By Case Basis Upper Level1 Bedrooms 3

Property Features

Accessibility Features None Assessment Year 2022 Association YN No Central Air YN No Condo YN No Cooling Fuel Electric Foundation Details Other Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 801477566394 Ownership Interest Fee Simple Pets Allowed YN Yes Possession Immediate Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 2071.00 Tax Assessment Amount 148000.00 Tax Lot 43 Vacation Rental YN No Water Source Public Zoning Rm1

Listing courtesy of Keller Williams Main Line.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-28T14:50:41.187.
 
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