5556 MARKET ST Philadelphia, PA 19139
UPDATED:
10/01/2024 07:54 PM
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,009 sqft
Price per Sqft $168
Subdivision Walnut Hill
MLS Listing ID PAPH2325260
Style Other
Abv Grd Liv Area 2,009
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $1,308
Tax Year 2024
Lot Size 1,868 Sqft
Acres 0.04
Lot Dimensions 15.00 x 125.00
Property Description
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!
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 1
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 604002500
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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