New Construction
Address
1309 S 52Nd Street, Philadelphia, PA
Price
$ 1,250,000
Property Attributes
- MLS#PAPH2305932
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19143
- NeighborhoodWest Philadelphia
- Zip19143
- StyleContemporary
- Year Built2023
- Taxes$ 493
- Price$ 1,250,000
- Bedrooms10
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description
Welcome to 1309 S 52nd St., a prime multifamily investment opportunity nestled in the heart of Philadelphia's vibrant and rapidly developing 19143 area. This impressive property represents a rare chance to acquire a meticulously maintained multi-family building boasting 5 spacious residential units, each featuring 2 bedrooms and 2 full bathrooms, making it an ideal investment for both seasoned and budding real estate investors. Offered at a 7.25% cap rate. The buildings exterior exudes classic charm and is complemented by a well-manicured facade, offering exceptional curb appeal. Each of the 5 units has been thoughtfully designed to provide a comfortable and modern living environment, ensuring a high level of desirability among potential tenants. The open floor plans, abundant natural light, and contemporary finishes creating an inviting atmosphere, while the inclusion of two full bathrooms per unit adds an extra layer of convenience and luxury. All units come with a full appliance package, in-unit washer-dryers, built in surround sound speakers, security systems. In addition to the property's undeniable appeal, the location itself is a stand out feature. Nearby development projects are enhancing the area's appeal and promise future appreciation for savvy investors. Its also very close to many educational and medical facilities, including but not limited to: Penn Medicine University City, Childrens Hospital of Philadelphia, University of Pennsylvania. With its strategic location, well-appointed units, and strong rental potential, 1309 S 52nd St, represents a compelling opportunity for investors seeking a multi-family property with enduring value and significant growth potential. Dont miss your chance to own a piece of this dynamic and evolving neighborhood while securing a solid return on investment. 8 years left on the tax abatement and 4 of the 5 units are already rented. Contact us to schedule a tour and request financials.
| Price History | |
|---|---|
| 12/15/2023 | Listed $1,250,000 |
General Features
| Interior Features | Breakfast Area,Combination Dining/Living,Combination Kitchen/Dining,Floor Plan - Open,Wood Floors,Kitchen - Island,Recessed Lighting,Sprinkler System,Window Treatments |
|---|---|
| Sewer | Public Sewer |
| Heating | Central |
| Cooling | Central A/C |
| Possession | Settlement |
| Appliances | Dishwasher,Dryer,Microwave,Refrigerator,Stainless Steel Appliances,Stove,Washer |
| Zoning | NA |
| Pool Y/N | No Pool |
| Architectural Style | Contemporary |
| Security Features | Electric Alarm,Intercom |
| Construction Materials | Masonry |
| Year Built | 2023 |
| Property SubType | Other |
| Tax Year | 2024 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | Level Entry - Main |
| County | PHILADELPHIA |
| New Construction | Yes |
| Property Type | Multi-Family |
| Subdivision Name | WEST PHILADELPHIA |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Cross streets are Kingsessing Ave and Chester Ave |
| ModificationTimestamp | 2024-04-28T19:34:10 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 50 |
| Total Units | 4 |
| MLS Area | 19143 (19143) |
| Lot Size Square Feet | 2040.00 |
| Tax Assessed Value | 0.0 |
| Waterfront Y/N | No |
| Street Name | 52ND |
| Tax Annual Amount | 493.0 |
| Property Condition | Excellent |
| Two Bedroom | 5 |
| Structure Type | Detached |
| Price Per Sq Ft | 192.31 |
| Construction Completed Y/N | Yes |
| Vacation Rental Y/N | No |
| Total SQFT | 6500 |
| Days on Market | 138 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Foundation Details | Permanent |
| Water View Y/N | No |
| Lot Size Acres | 0.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19143
Price
Taxes
Visits
Year Built
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