613 52Nd St Philadelphia, PA 19143
- Residential income homes
- 270 SF
Current Use by Public Records
- Residential income homes
Property Details for 613 52Nd St
- Property size
- 270 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
Description
This two-unit, two-story apartment building in Philadelphia's University City neighborhood presents a compelling investment opportunity. Priced at $260,000, this 270 square foot Fee Simple property boasts a 5.60% cap rate and sits on a 1,174 square foot lot (APN: 462140700). Each unit features two bedrooms, one bathroom, a spacious living area, and a kitchen, complete with washer and dryer hookups. Recent renovations include updated windows, roof, kitchen, bathrooms, and hardwood floors throughout. Separate utilities (two gas meters, three electric meters) enhance efficiency. An unfinished basement is accessible from the outside. The property is zoned CMX-2 and is configured as a duplex, suitable for owner-occupancy or as a rental investment. Potential rental income is estimated at $1,100-$1,400 per month per unit. The property qualifies for the CRA program, offering a 3% down payment and no mortgage insurance. Located near Drexel University, the University of Pennsylvania, and public transportation, it benefits from a Walk Score of 89, Transit Score of 71, and Bike Score of 93. Nearby parks include Black Oak Park and Cedar Park. The property's prime location offers easy access to restaurants, coffee shops, and retail on Baltimore Avenue. Buyer to verify zoning.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.2267
- Latitude
- 39.9501
