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USAPAPhiladelphiaCobbs Creek5412 Chancellor St
5412 Chancellor St, Home with 0 bedrooms, 0 bathrooms and null parking in PHILADELPHIA PA | Image 1
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$399,000

5412 Chancellor St, Philadelphia, PA

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 1824 sqft
Garage No
Taxes $1,343
Days Active 46
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $218
MLS® Number PAPH2477302

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Fully-occupied, income-producing duplex in West Philadelphia with $3, 345/month in gross rental income and about 5 years of remaining tax abatement. Each unit offers 2 bedrooms and 2 full bathrooms, fully renovated in 2020 with modern finishes throughout. Features include quartz countertops, stainless steel appliances, central air, in-unit laundry, recessed lighting, and hardwood flooring. The upper unit enjoys a private balcony, the lower unit has private rear outdoor area, while both units include open-concept layouts and spacious closets. Unit 1 is leased for $1565/mo + $70 utility fee, and Unit 2 is leased for $1625/mo with an $85 utility fee, for a total of $40, 140/year in gross scheduled income - an in-place cap rate of 7.5%. Ideal turnkey investment with strong rental history and minimal maintenance. Located on a quiet block with convenient access to public transit, major universities, and commercial corridors. Turnkey cash-flowing asset in appreciating West Philly submarket. Perfect for investors or 1031 exchange buyers, as well as owner-occupants looking to live in one unit and rent the other. Showings available by appointment with minimum 48 hour notice.Show Description
MLS® NumberPAPH2477302
Laundry Level
Central VacNo
FireplaceNo
Acreage0.03
Exterior
GarageNo
Approx. Age1925
BasementOther, Unfinished
DrivewayOn Street
Garage Spaces
HeatCentral, Natural Gas
A/CCentral A/C, Electric
Heating Fuel

Extras

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