1217 47Th St Philadelphia, PA 19143
- Commercial real estate
- 2,384 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1217 47Th St
- Property size
- 2,384 SF
- Property type
- Commercial real estate
Description
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.
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
- -75.2119665
- Latitude
- 39.944578
