1247 53Rd StPhiladelphia, PA 19143

For Sale
$530,000
High-yield, renovated triplex in Kingsessing.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional Class A triplex at 1247 S 53rd St, Philadelphia, PA 19143, presents a compelling investment opportunity. The 2,900 square foot building, constructed in 1917 and extensively renovated in 2019, boasts three units: a bi-level unit with two bedrooms, two bathrooms, and a den/office

Highlights

  • Prime Kingsessing location near CHOP, Penn, and Drexel Universities, driving strong appreciation.
  • Excellent proximity to Baltimore Avenue's vibrant commercial corridor and public transportation.
  • Three-unit triplex with attractive unit mix: one 2 bed/2 bath with den, one 2 bed/1 bath, and one 1 bed/1 bath.
  • Broad tenant appeal to families, young professionals, and university students.
  • Philadelphia Tax Abatement with over 6 years remaining, offering significant financial benefits.
  • Exceptional quality and condition throughout the extensively renovated (2019) 2,900 sq ft building.

Property Details for 1247 53Rd St

Property type
Apartment buildings
Square Feet
2,900 SF
Class
A
Year Built/Renovated
1917/2019
Buildings
1
Stories
4
Units
3

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.941864336897
Longitude
-75.222950162023
1247 53Rd St, Philadelphia, Pennsylvania
Leaflet | © OpenStreetMap contributors

FAQs

What type of property is this?
Apartment building - High-yield, renovated triplex in Kingsessing.
Where is the apartment building located?
The property is located at 1247 53Rd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Prime Kingsessing location near CHOP, Penn, and Drexel Universities, driving strong appreciation.; Excellent proximity to Baltimore Avenue's vibrant commercial corridor and public transportation.; Three-unit triplex with attractive unit mix: one 2 bed/2 bath with den, one 2 bed/1 bath, and one 1 bed/1 bath.
How can I contact the broker?
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1247 53Rd St
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