BEDS0
BATHS
SQUARE FEET2,226
MLS#PAPH2666240
STATUSACTIVE UNDER CONTRACT
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOVERBROOK PARK
SCHOOLPHILADELPHIA CITY
Property Description
Income-Producing Triplex in Overbrook Park | Newly Renovated 2nd Floor Kitchen, Ready for Its Next Tenant This three-unit property has three 2-bedroom apartments and a current rental license, and it's ready for an investor to step in and grow its income. Current Rents: 2nd Floor (2BR): $1,700/month – recently vacated, newly renovated kitchen 1st Floor (2BR): $1,650/month – reliable PHA tenant Lower Level (2BR): $1,450/month – reliable PHA tenant Total: $4,800/month Upside Potential: All three units currently rent below the PHA payment standard. Current PHA standards show up to $2,010/month for a 2-bedroom, which could bring potential gross rent to about $6,030/month once the building is fully leased at updated rates. Increases for the PHA units are subject to PHA approval. Features: On-site laundry machines Updated fire alarm system Current rental license Vacant 2nd floor ready to lease at market rate Leases are available on request. The property is sold as-is, where-is. The seller will consider cash, hard money, and conventional financing. Inspections are for informational purposes only.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Interior Access
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: 47
Exterior: Masonry
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Septic
Structure Type: End of Row/Townhouse
Two Bedroom Units: 3
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: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,172.46 per month $812.11 Principal & Interest $253.92 Property Tax $106.43 Homeowner's InsuranceChange Payment Information
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 $364,900. N 56th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.