Listing Courtesy Of:
KW Empower, 2156273500, Carlos Masip
Local Realty Services Provided By:
KW Empower
Overview
What It'll Cost
Neighborhood
Similar Homes
$324,000
5556 MARKET ST, PHILADELPHIA, PA 19139
2,009
sq ft
.04
ac
Log In to Reveal Price
$324,000
5556 MARKET ST, PHILADELPHIA, PA 19139
Estimation provided by Keller Williams Realty Inc.
2,009
sq ft
.04
ac
Active
For Sale
Property Description
Welcome to your next investment opportunity! This turnkey mixed-use building promises excellent cash flow and minimal overhead, making it an investor's dream. Nestled in the burgeoning Walnut Hill section of Philadelphia, adjacent to the esteemed University of Pennsylvania, this property boasts three units ripe for income generation.Positioned conveniently on Market Street's south side, mere steps from the SEPTA 56th Street EL stop, accessibility is unmatched. Your tenants will relish the swift commute to Penn, Drexel, or downtown Philadelphia, thanks to the nearby elevated train.The ground floor fronts a versatile commercial space, zoned CMX2 to accommodate various business endeavors. Currently leased at $725 per month, this unit offers immediate returns. Meanwhile, the rear residential unit on the first floor presents a spacious one-bedroom apartment with kitchen, bath, flooring, heater, and washer/dryer. Priced at $1000 per month, its private fenced yard adds an extra allure.Ascending to the second floor reveals a charming two-bedroom unit, boasting a ceramic-tiled kitchen, pergo flooring, and modern amenities like high-efficiency gas forced air heat and central air. With a rental income of $1100 per month, its enclosed porch could easily transform into a third bedroom, maximizing returns.To sweeten the deal, the property offers off-street parking for 1-2 cars, potentially yielding an additional $50-$100 per month in rent. Resting on a generous 125-foot deep lot with a convenient rear alley/private driveway, convenience and flexibility abound.Whether you're eyeing a 1031 exchange, a cash sale, commercial financing, or envisioning yourself as an owner-operator, this offering caters to diverse investment strategies. Don't miss out on this golden opportunity to secure your foothold in Philadelphia's thriving real estate market!
Assessed Value is a combination of the land and additions.
2023
$1,309
$93,500
Land 14,025 +
Additions 79,475
2022
$1,309
$93,500
Land 14,025 +
Additions 79,475
2021
$1,309
$93,500
Land 14,025 +
Additions 79,475
2020
$1,309
(+3.89%)
$93,500
Land 14,025 +
Additions 79,475
2019
$1,260
(+19.52%)
$90,000
Land 13,500 +
Additions 76,500
2018
$1,054
$75,300
Land 11,295 +
Additions 64,005
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Property Details
Property Information
Property Type
Interior Row/Townhouse
List Category
For Sale
House Size
sq ft
Days on Site
401 Days
Year Built
1920
MLS Number
PAPH2325260
Lot Information
Lot Size
ac
Construction/Structure
Foundation
Brick/Mortar
Construction Materials
Masonry
Water Source
Public
Interior Features
Cooling: Central A/C
Heating: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Exterior Features
Parking Features
1 Parking Space
Types: Driveway
Has Garage: N
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5556 MARKET ST
PHILADELPHIA, PA 19139
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