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    1217 47Th St Philadelphia, PA 19143

    Sponsored
    For Sale
    $515,000

    Prime Location, Excellent Investment Opportunity

    Property size:
    2,384 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5-unit apartment building, located at 1217 S 47th St in Philadelphia, Pennsylvania, presents a compelling investment opportunity. The property boasts a total of 2,384 square feet and sits on a generous 3,375 square foot lot. Zoned RTA1 (5 unit), this property offers significant potential for growth and income generation. Each of the five units provides comfortable living spaces, contributing to a strong rental income stream. The building's solid construction and desirable location in Philadelphia ensure consistent occupancy and long-term value. An attractive feature is the availability of a neighboring lot, 1219 S. 47th St., also encompassing 3,375 square feet, which can be acquired as a package deal, expanding the property's potential significantly. This presents a unique chance to acquire a substantial property in a thriving Philadelphia neighborhood. The asking price for this multifamily investment is $515,000. This property is ideally suited for investors seeking a stable, income-producing asset with significant upside potential. The combination of the existing building and the adjacent lot offers a rare opportunity for expansion or redevelopment. Don't miss this chance to secure a prime piece of Philadelphia real estate.

    Property Features for 1217 47Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,384 SF

    Building Details

    Units
    5

    HighLights

    • $515,000 asking price for this multifamily investment opportunity.
    • Five‑unit apartment building in Philadelphia, PA.
    • 2,384 square feet of building space.
    • RTA1 zoning (permits 5 units).
    • 3,375 square foot lot.
    • Adjacent lot (1219 S. 47th St., 3,375 sq ft) available for purchase as a package deal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2119665
    Latitude
    39.944578

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    FAQs

    What type of property is this?
    Multifamily property - Prime Location, Excellent Investment Opportunity
    Where is this multifamily property located?
    The property is located at 1217 47Th St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: $515,000 asking price for this multifamily investment opportunity.; Five-unit apartment building in Philadelphia, PA.; 2,384 square feet of building space.
    Request Owner's contact information
    1217 47Th St Philadelphia, PA 19143
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    Philadelphia, PA 19143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1217 47Th St Philadelphia, PA 19143
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