1242 South 51st Street
Description
This stunning 3,240 sq. ft. Victorian triplex is the perfect blend of historical charm and modern updates, making it an unbeatable investment for any owner-occupant looking for immediate cash flow or to add to their portfolio. Nestled directly across from the serene Kingsessing Park, this property offers not only a prime location but also a unique opportunity to let your tenants help cover the mortgage...Exceptional Owner-Occupant Opportunity in Kingsessing Park – 1242 S 51st Street, Philadelphia, PA 19143
This stunning 3,240 sq. ft. Victorian triplex is the perfect blend of historical charm and modern updates, making it an unbeatable investment for any owner-occupant looking for immediate cash flow or to add to their portfolio. Nestled directly across from the serene Kingsessing Park, this property offers not only a prime location but also a unique opportunity to let your tenants help cover the mortgage while you enjoy steady property appreciation. Key Features:
Structural Integrity: Comprehensive updates to the property include:
New windows and siding (2018)
Brand-new roof with a 10-year warranty (2022)
Upgraded electrical service
All beams replaced and new masonry work, ensuring lasting structural integrity. Flooring under warranty for additional peace of mind. Utilities & Systems:
Separate water meters for each unit, offering tenants autonomy and landlords ease of management. Laundry hookups available for added convenience. A recently recertified fire alarm system. Full surveillance system installed for enhanced security. Remote control temperature for seamless management of heating and cooling. Ongoing Maintenance: The property includes a month-to-month exterminator contract, ensuring ongoing pest control and maintenance, providing tenants and landlords peace of mind. Rental Income:
Current Rental Breakdown:
Unit 1: 1 bed/1 bath, $1,100/mo, fully renovated with direct access to the yard. Unit 2: 2 bed/1 bath, $1,100/mo, fully renovated with modern finishes. Unit 3: 3 bed/1 bath, $1,200/mo, newly renovated in 2024 with breathtaking views of Kingsessing Park and a livable attic space. The property is already generating consistent income through University Contracts, making this an ideal investment for those seeking a dependable revenue stream. Prime Location:
Situated close to Bartram's Historic Garden, University City, and convenient public transportation, this property offers an unbeatable location for tenants. The street also features a local library, adding to the community feel of the neighborhood. This move-in-ready triplex is not only an architectural beauty but also a sound investment with all the major updates completed. Don’t miss out on the chance to own a piece of Philadelphia’s Victorian charm, upgraded with modern amenities. Contact Dominique Ferguson at RE/MAX Classic Realtors for a private showing today.
- Listed by William Holder • RE/MAX ClassicP: (484)-744-4053 williamholderrealty@gmail.com
- Listed by Dominique Marquett Ferguson • RE/MAX ClassicP: (267)-342-2272 dom@williamholderrealty.com
Property Details for 1242 South 51st Street
Property Details for 1242 South 51st Street
| Status | Active |
|---|---|
| MLS # | PAPH2396446 |
| Days on Market | 44 |
| Taxes | $5,477 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1915 |
| Lot Size | 0.03 AC / 1,451 SF |
| County | Philadelphia County |
Building Information for 1242 South 51st Street
Property Information for 1242 South 51st Street
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19143 (19143)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $391,300
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $313,040
- City Town Tax: $2,410
- Land Assessed Value: $78,260
- Clean Green Assessed: No
- Municipal Trash: Yes
- Land Use Code: U70
- Zoning: RM1
- Tax Lot: 143
- School Tax: $3,067
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 1
- Two Bedroom Units Count: 1
- Three Bedroom Units Count: 1
- Building Units Total: 3
- Total Finished SQFT: 2,850.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,850.00
- Total SQFT: 2,850.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Roof: Flat
- Flooring Type: Laminate Plank
- Basement Type: Unfinished
- Foundation Details: Concrete Perimeter
- Lot Size Source: Assessor
- Lot Size Dimensions: 16.00 x 90.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1248567
- Type Of Parking: On Street
- Fireplace: No
- Appliances: Stove, Washer/Dryer Hookups Only, Refrigerator
- Accessibility Features: None
- Outdoor Living Structures: Porch(es)
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
- List Agent URL: https://www.williamholderrealty.com/
Property History for 1242 South 51st Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1242 South 51st Street
Schools near 1242 South 51st Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Comegys Benjamin B School PublicK to 8 | ||
Bartram John - Main Public9 to 12 | ||
Middle Years Alternative School Public6 to 8 | ||
Parkway Northwest Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of RE/MAX Classic
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.