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5039 Springfield Ave
For Sale $649,900 ($171.93 per Sq Ft)
$649,900 ($171.93 per Sq Ft)
- 4 Units
- 3,780 Sq Ft
- 2,646 Sq Ft
- Unknown Cap Rate
Description
This is a fully renovated, 5-unit investment property in the rapidly appreciating Kingsessing neighborhood, adjacent to Squirrel Hill/Cedar Park. The P&L is included in the Document tab of the MLS listing. This is a corner property, which means that all units get tons of sunlight from windows on multiple sides of each apartment. The building is conveniently located just a few blocks from the restaurants and shops on Baltimore Ave. and has a WalkScore of 83, so most errands can be accomplished easily on foot. The property is also only one block away from Kingsessing Park/Recreation Center and is surrounded by bus and trolley lines along with the Indego bike station and the 49th St. rail station just 2 blocks away at the corner of 49th St. and Chester Ave. All utilities have been separated already (electric meters, gas meters, water heaters, & boilers) and the huge basement with a separate side entrance increases the potential of the building by adding a 6th unit with the proper zoning/permits!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $649,900 |
| Property Type | Other |
| Usable Sqft | 3,780 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1915 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 511262200 |
| MLS # | PAPH2380862 |
| Property ID | 320714742 |
| Lot Sqft | 2,646 |
| Zoning | RM-1 |
| Total Units | 4 |
| Days on Market | 126 |
| Original List Price | Unknown |
| Date Updated | November 11, 2024 |
| Date Created | July 27, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $60,240 | $0 |
| Cap Rate | 6.18% |
Listing Provided By
Neil P Dessecker an agent of . Lic #RS325498
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Data last updated: November 30, 2024.
Robert Crawford
REAL ESTATE AGENT