Description

Exceptional Owner-Occupant Opportunity in Kingsessing Park – 1242 S 51st Street, Philadelphia, PA 19143

This stunning 3,240 sq. ft. Victorian triplex is the perfect blend of historical charm and modern updates, making it an unbeatable investment for any owner-occupant looking for immediate cash flow or to add to their portfolio. Nestled directly across from the serene Kingsessing Park, this property offers not only a prime location but also a unique opportunity to let your tenants help cover the mortgage while you enjoy steady property appreciation.

Key Features:
Structural Integrity: Comprehensive updates to the property include:
New windows and siding (2018)
Brand-new roof with a 10-year warranty (2022)
Upgraded electrical service
All beams replaced and new masonry work, ensuring lasting structural integrity.
Flooring under warranty for additional peace of mind.

Utilities & Systems:
Separate water meters for each unit, offering tenants autonomy and landlords ease of management.
Laundry hookups available for added convenience.
A recently recertified fire alarm system.
Full surveillance system installed for enhanced security.
Remote control temperature for seamless management of heating and cooling.

Ongoing Maintenance: The property includes a month-to-month exterminator contract, ensuring ongoing pest control and maintenance, providing tenants and landlords peace of mind.

Rental Income:
Current Rental Breakdown:
Unit 1: 1 bed/1 bath, $1,100/mo, fully renovated with direct access to the yard.
Unit 2: 2 bed/1 bath, $1,100/mo, fully renovated with modern finishes.
Unit 3: 3 bed/1 bath, $1,200/mo, newly renovated in 2024 with breathtaking views of Kingsessing Park and a livable attic space.
The property is already generating consistent income through University Contracts, making this an ideal investment for those seeking a dependable revenue stream.

Prime Location:
Situated close to Bartram's Historic Garden, University City, and convenient public transportation, this property offers an unbeatable location for tenants.
The street also features a local library, adding to the community feel of the neighborhood.
This move-in-ready triplex is not only an architectural beauty but also a sound investment with all the major updates completed. Don’t miss out on the chance to own a piece of Philadelphia’s Victorian charm, upgraded with modern amenities.

Contact Dominique Ferguson at RE/MAX Classic Realtors for a private showing today.