6217 Chestnut St Philadelphia, PA 19139

Property Details for 6217 Chestnut St

Year built

1925

Property size

2,988 SF

Property type

Residential income homes

Property subtype

Dormitories

APN

031026300

Description

This meticulously renovated Cobbs Creek triplex presents a compelling investment opportunity. The property features three legal rental units and a bonus studio, all boasting modern upgrades including newly renovated kitchens and bathrooms, gleaming hardwood floors, recessed lighting, and stainless steel appliances. The upper unit is a spacious 3-bedroom, 2-bathroom bi-level apartment currently rented for $1,400 per month. Two additional 2-bedroom, 1-bathroom units are located on the first floor and in the basement, renting for $1,200 and $1,000 per month respectively. The bonus studio, equipped with a full bathroom and kitchenette, offers additional income potential or extra storage. Safety features include central air conditioning, a fire detection system, surveillance, and smoke detectors. All utilities are separately metered. The property sits on a 1,848 square foot lot, encompassing a 2,988 square foot, three-story building constructed in 1925. Its convenient location in Cobbs Creek offers easy access to shops, schools, parks, and public transportation, boasting Walk, Transit, and Bike scores of 83, 77, and 81 respectively. Recent cosmetic upgrades (2021-2022) further enhance its appeal. The property is zoned RM1 and has a Philadelphia County APN of 031026300. This fee simple ownership opportunity is priced at $420,000.