Patterson-Schwartz Real Estate424 S 56Th Street, Philadelphia, PA 19143-1323 $320,000
Interior Sq. Ft: 1,500
Acreage: 0.04
Age:99 years
Taxes: $2,627
Design/Type:
End of Row/Townhouse
Description
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!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Baseboard - Electric Heating, Radiator Heating, Electric, Natural Gas, Window Unit(s) Cooling, None, Hot Water - Electric, Hot Water - Natural Gas, Public Water, Public Sewer, 100 Amp Service, 120/240V, Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available
Garage/Parking
On Street
Interior
Formal/Separate Dining Room, Kitchen - Gourmet, Recessed Lighting, Upgraded Countertops, Wood Floors, Interior Access Basement, Outside Entrance Basement, Partial , Unfinished Basement, Walkout Level Basement, Basement Windows, Basement Workshop, Ceramic Tile Flooring, Marble Flooring, Partially Carpeted Flooring, Solid Hardwood Flooring, Double Pane Windows, Double Hung Windows, 24 hour security, Carbon Monoxide Detector(s), Exterior Cameras, Security Gate, Smoke Detector
Exterior
Stone Foundation, Flat Roof, Masonry, Sidewalks, Street Lights
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The schools on this list are selected by their proximity of up to 5 miles to the property address.
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Public Elementary (131 schools)
Public Middle (20 schools)
Public High (54 schools)
Private (127 schools)
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This report is a detailed community overview for Philadelphia (19143), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 36
- Average salary of people in this community: $37,100
Community Summary
- Population Density (ppl / mile): 19,911
- Household Size (ppl): 2.55
- Households w/ Children: 61%
Housing Inventory
- Owned: 11,948 (39.1%)
- Rented: 13,154 (43.0%)
- Vacant: 5,482 (17.9%)
- Total: 30,584
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.0%
- Some High School: 9.8%
- High School Graduate: 35.2%
- Some College: 20.5%
- Associate Degree: 5.1%
- Bachelor's Degree: 14.2%
- Graduate Degree: 11.2%
Income by dollar range
Median Income: $34,579
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $755
- One Bedroom: $873
- Two Bedroom: $976
- Three Bedroom: $1,000
- Four Bedroom: $1,015
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Contact Information
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or call me now at 302-234-6038
Listing Courtesy of: Keller Williams Realty Wilmington , (302) 299-1100
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 11/01/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
