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219 S 51ST Street

PHILADELPHIA, PA 19139
  • $275,000
  • STATUS: Active
  • ON SITE: 270 Days
  • MLS #: PAPH2114988
UPDATED: 48 min ago
$275,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,100
    SQFT
  • $131
    $/SQFT
Neighborhood:
Type:
Multi-Family
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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©2023 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: 2023-02-06T06:51:25.14.
www.mynjhomesearch.net/homes/128574094
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219 S 51ST Street PHILADELPHIA, PA 19139

  • Price: $275,000
  • Status: Active
  • On Site: 270 Days
  • Updated: 48 min ago
  • MLS #: PAPH2114988
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,100
SQFT
$131
$/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 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplaces Total 0 Heating Radiator Heating YN Yes Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 1

Property Features

Accessibility Features None Assessment Year 2023 Central Air 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 Number Of Units Total 4 Original MLSNumber 801554925292 Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 3920.00 Tax Assessment Amount 280100.00 Tax Lot 43 Vacation Rental YN No Water Source Public Zoning Rm1

Listing courtesy of Keller Williams Main Line: .


©2023 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: 2023-02-06T06:51:25.14.
 
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