424 S 56th Street
Philadelphia, PA 19143
- – beds
- – baths
- 1,500 sqft
- 1,558 sqft lot
- $200 per sqft
- 1925 build
Well-maintained and updated duplex in Cobbs Creek offers an incredible opportunity!! As your first investment you could live in one unit while the other pays your mortgage. Seasoned Investor? One unit has a solid tenant in place and the other was just renovated and is ready for an upscale city professional tenant. You could even rent out the garage or extra storage on the lowest level. The possibilities are endless! Unit A (Lower) is a spacious 1-bed, 1-bath apartment boasting a large living room, formal dining room perfect for gatherings, and a sunlit kitchen with a refrigerator and electric range. The tenant enjoys a roomy private backyard outdoor retreat. A full laundry for this unit is in the basement with washer and dryer in place. The tenant is in good standing, currently on a month-to-month lease at $950 and will be vacating the property on November 30th. If this space was updated, the rent potential could be $1,200. Unit B (upper) provides city living at it's best with a true showpiece, completely renovated apartment. The new kitchen is a dream with the perfect arrangement to entertain and create the gourmet experience. Starting with granite countertops, 42 inch cabinets, marble floors, breakfast bar, recessed lighting, deep sink and stylish backsplash. Then there are the new stainless appliances including a large Frigidaire side by side fridge with lower freezer drawer, ceramic cooktop range with warming drawer and space saver microwave. The breakfast bar will easily host 4-5 guests while the adjacent room with a bay window would make a great living room or combo dining room if you'd like. The open-concept layout allows natural light from the bay window to brighten the entire space. The space is breathtaking and to top it off the crystal chandelier with the ceiling fan really makes it pop! Head down the hall where the newly refinished 1.5 inch white oak hardwood really gleams under all the recessed LED lighting. The convenient laundry nook homes brand-new stacked Samsung washer and dryer. The new bathroom with high-end finishes including new vanity, LED lighting, and brushed black fixtures. This level is completed by two very generously sized bedrooms, both with lighted ceiling fans, beautiful floors, good closets and modern electrical service This 2-bedroom, 1-bathroom apartment has a rental potential of $1,450/mo. Additional features: 2020 roof replacement, 24-hour exterior surveillance with a free app, separate electric and hot water heaters (Unit B 2024), new sewer mains and new electrical wiring. There is separate garage door access to the expansive unfinished basement space offering endless possibilities for storage, a workshop, or a small business. Located just minutes from subway stations, bus stops, and within 5 miles of Center City and 10 miles from Philadelphia Airport, this property offers convenient access to everything you need. Don’t miss the chance to own a versatile property in a prime location – perfect for living while generating income or expanding your portfolio!
Listing courtesy of BRIGHT / Keller Williams Realty Wilmington
Last checked:
Checking…
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Last updated Nov 11, 2024
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MLS# PAPH2409740 —
The Building
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Year Built:1925
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Year Built Source:Assessor
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Year Major Reno/Remodel:2023
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New Construction:No
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Construction Materials:Masonry
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Structure Type:End of Row/Townhouse
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Architectural Style:Other
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Building Levels:2
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Building Units Total:2
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Roof:Flat
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Security Features:24 hour security, Exterior Cameras, Carbon Monoxide Detector(s), Smoke Detector, Security Gate
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Window Features:Double Pane, Double Hung
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Daylight, Partial, Interior Access, Outside Entrance, Unfinished, Walkout Level, Windows, Workshop, Other
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:1500
Interior
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Interior Features:Wood Floors, Upgraded Countertops, Recessed Lighting, Kitchen - Gourmet, Formal/Separate Dining Room, Dining Area, Ceiling Fan(s), Bathroom - Tub Shower
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Flooring Type:Solid Hardwood, Partially Carpeted, Ceramic Tile, Marble
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:1500
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Living Area SqFt:1,500 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Possession:Immediate, Negotiable
Location
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Directions:Head west on Walnut St toward S 55th St, Turn left at the 2nd cross street onto S 56th St. Destination will be on the right
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Latitude:39.95381927
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Longitude:-75.23461914
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Excellent, Very Good, Good, Average
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Lot Size Units:Square Feet
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Lot Size Acres:0.04
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Lot Size Source:Assessor
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Lot Size Dimensions:18.00 x 85.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,558 Sqft
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Inclusions:See Inclusions/Exclusions List
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Exclusions:See Inclusions/Exclusions List
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Zoning:CMX2
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:U30
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (302) 529-1857
- Office phone:
- (302) 299-1100
Taxes
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Tax ID Number:604219300
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Tax Year:2024
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Tax Lot:65
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Tax Annual Amount:$2,627
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Tax Assessed Value:$187,700
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Year Assessed:2024
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School Tax:1471.0
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City/Town Tax:1156.00
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Total Taxes Payment Frequency:Annually
The Listing
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Electric, Radiator
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Heating Fuel:Electric, Natural Gas
Utilities
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Utilities:Natural Gas Available, Cable TV Available, Electric Available, Phone Available, Sewer Available, Water Available
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Sewer/Septic:Public Sewer
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Electric Service:120/240V, 100 Amp Service
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Hot Water:Natural Gas, Electric
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Water Source:Public
Appliances
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Appliances:Built-In Microwave, Built-In Range, Dishwasher, Dryer, Oven/Range - Electric, Water Heater, Washer
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Exterior Features:Sidewalks, Street Lights
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Pool:No Pool
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Transportation:Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station 1 to 3 miles, Commuter Lots less than 5 miles, Commuter Rail Station 1 to 5 miles
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:1
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:1
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Two Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/11/24
Nov 11, 2024
|
Price Changed | BRIGHT | $300,000 | -6.3% |
10/16/24
Oct 16, 2024
|
Listed / Active | BRIGHT | $320,000 |