Your Key to the Main Line, Philadelphia, and its Surrounding Suburbs
BEDS0
BATHS
SQUARE FEET1,892
MLS#PAPH2654808
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONKINGSESSING
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 1604 S 56th St: Asking Price $343,000 Property Type Duplex Financial Summary Gross Annual Income: $31,800 Annual NOI: Approximately $24,925 Cap Rate: 7.27% Highlights • Stable duplex • Strong rental location • Existing cash flow • Opportunity for future rent growth Building Notes Seller has not yet provided: Utility responsibilities Roof age Mechanical ages Water heater ages Recent renovations Building systems Deferred maintenance information
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Fuel Type: Electric
Heating: Radiator
Home Style: Straight Thru
Lot Size: 0.03 Acres
Taxes: $3,542
Year Built: 1920
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 25
Exterior: Masonry
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Two Bedroom Units: 2
Units: 2
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Capital Commercial Real Estate Group
Agency Phone: 6103599700
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimate Your Payment
Estimated Payment
$ 2,040.37 per month $1,645.17 Principal & Interest $295.17 Property Tax $100.04 Homeowner's Insurance
1604 S 56th Street | MLS# PAPH2654808
This multi-family property located at 1604 S 56th Street, Philadelphia, PA 19143 is currently listed for sale with an asking price of $343,000. S 56th Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.duffyrealestate.com today.