Your Key to the Main Line, Philadelphia, and its Surrounding Suburbs
BEDS0
BATHS
SQUARE FEET2,226
MLS#PAPH2666240
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOVERBROOK PARK
SCHOOLPHILADELPHIA CITY
Property Description
Income-Producing Investment in Overbrook Park. This triplex features three residential 2 bedroom units with up to date rental licenses. Current/Recent Rents: 2nd Floor – 2 Bedroom: $1,700 /month(just vacated) 1st Floor – 2 Bedroom: $1,650/month (great pha tenant) Lower Level – 2 Bedroom: $1,450 /month (great pha tenant) Total Monthly Rent: $4,800 *Leases available upon request. The property includes laundry machines, an up-to-date fire alarm system, and has recently had the second floor apartment vacated, making it ready for a new owner to lease at current (higher) rates. Please note that all three apartments are below current PHA rent schedule so increases could be applied for. Current PHA payment standards indicate potential rent of $2,010 a month for each of the 2 bedroom apartments. Approximately $5,710/month possible once fully rented with updated rents. *This is an AS-IS, Where-Is Sale. * Seller will consider Cash, HardMoney, and Conventional Loans. Inspections are for informational purposes only.*
Property Features
Property Type: Multi Unit - Multiple
Basement: Interior Access
Basement: Yes
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Home Style: Traditional
Lot Size: 0.04 Acres
Taxes: $3,047
Year Built: 1915
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 1
Exterior: Masonry
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 1
Sewer: Public Septic
Structure Type: End of Row/Townhouse
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Tesla Realty Group, LLC
Agency Phone: 8448375274
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimate Your Payment
Estimated Payment
$ 2,059.67 per month $1,702.24 Principal & Interest $253.92 Property Tax $103.51 Homeowner's Insurance
1627 N 56th Street | MLS# PAPH2666240
This multi-family property located at 1627 N 56th Street, Philadelphia, PA 19131 is currently listed for sale with an asking price of $354,900. N 56th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.duffyrealestate.com today.