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4804 KINGSESSING AVENUE, Philadelphia, PA 19143
$609,000 Asking Price
$---/mo Est. Payment Get Prequalified »
6
beds
3
baths
2,460
sqft
Built in
1935
This is the PERFECT PROPERTY for an OWNER TO LIVE IN ONE UNIT, RENT OUT THE OTHER UNIT and USE THE RENTAL INCOME FOR MORTGAGE and / or Other EXPENSES! This special DUPLEX was FULLY GUT RENOVATED in 2016, has 3 YEARS LEFT ON A PHILADELPHIA 10 YEAR TAX ABATEMENT UNTIL 2027, is FULLY TENANT OCCUPIED and located on a Peaceful Tree Lined Street IN THE UNIVERSITY CITY AREA NEAR PENN, DREXEL, ST. JOSEPH’S UNIVERSITY (City Campus) and Cedar Park. Totaling nearly 2,500 Finished Square Feet, this lovely two story brick building with BELOW MARKET RATE RENTS has had NO VACANCY since its renovation. During the 2016 FULL GUT RENOVATION, the following WERE INSTALLED NEW (examples): Separate Unit Electric and Gas Meters; Roof, Windows, Electrical, Plumbing, Central HVAC, Kitchens, Bathrooms, Appliances, Water Line. Each Unit respectively has: an Open Kitchen with Granite Countertops, Stainless Steel Appliances Including Dishwasher, Subway Tile Backsplash, Tile Floor; Bathroom(s) featuring Dual Vanities, Tile Floor & Shower Walls; ITS OWN WASHER AND DRYER. The Two UNITS HAVE SEPARATE ENTRANCES ON EITHER END of the Sizable NEW FRONT PORCH (Trex Decking). The second floor apartment, Unit B, has 3 Bedrooms, 2 Bathrooms, is rented for $1,938 per month with a PROJECTED MARKET RATE of $2,200 and has a 8/31/2025 lease expiration. The first floor apartment, Unit A, has 3 Bedrooms, 1 Bathroom, is Rented for $1,750 per month with a PROJECTED MARKET RATE of $2,000 and has a 4/30/2025 lease expiration. This Unit's Rent Could Be Further Increased by Installing a Second Bathroom. The Kitchen has a big Island Countertop with cabinetry. There is a GREAT BACKYARD with Newer Mulch and a Full Walk-In Unfinished BASEMENT (accessible from the property side). The property is Very WELL LOCATED: just 3 blocks west of beautiful Clark Park and the growing St. Joseph’s University City campus; only 4 blocks south of Baltimore Ave, a vibrant commercial corridor with great restaurants, coffee and other retail shops; the immediate area is Extra Quiet because S 48th St dead ends at Kingsessing Ave. STREET PARKING IS READILY AVAILABLE. Less than 2 blocks away are SEPTA Stops for 2 Different Public Transit Routes that run to and from University City & Center City: the Trolley (#13) at 49th & Chester Ave; the Regional Rail (Media/Wawa Line) at 49th St (between Kingsessing & Chester Ave’s). The CURRENT AND PROJECTED INCOME AND EXPENSES ARE UPLOADED TO THE LISTING. While now water payments are shared, each rental unit is projected to pay a $50 flat water fee per month. There is an additional electrical meter for common areas (exterior lighting, basement). The current leases must be honored. Take advantage of this unique opportunity while it is still available!
Features & Amenities
Interior
- General:
- Built-Ins,Ceiling Fan(s),Combination Dining/Living,Combination Kitchen/Living,Floor Plan - Open,Recessed Lighting,Bathroom - Tub Shower,Upgraded Countertops,Kitchen - Island
- Appliances:
- Built-In Microwave,Built-In Range,Dishwasher,Disposal,Washer/Dryer Stacked,Oven/Range - Electric,Refrigerator,Stainless Steel Appliances,Water Heater
- Laundry:
- Washer In Unit,Dryer In Unit
- Basement:
- Full,Outside Entrance,Side Entrance,Unfinished
- A/C:
- Central A/C,Programmable Thermostat
- Heating:
- Y, Central,Forced Air,Programmable Thermostat, Central,Natural Gas
- Disability Feature:
- None
Exterior
- General:
- Exterior Lighting,Secure Storage,Sidewalks,Street Lights, Above Grade,Below Grade
- Style:
- Unit/Flat
- Parking:
- Public
Construction
- General:
- Brick, 3, Brick/Mortar
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- THE SCHOOL DISTRICT OF PHILADELPHIA
- County:
- PHILADELPHIA
Lot
- Zoning:
- RTA-1, 273120200
- View:
- City,Garden/Lawn,Scenic Vista,Trees/Woods
Utilities
- Utilities:
- Electric Available,Natural Gas Available,Sewer Available,Water Available
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
- Exclusions:
- Tenants' personal property.
This listing courtesy of:
KW Empower, Michael Edward Cohen
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Philadelphia, PA
Housing
- Number of Units
- 705,993
- Median Home Value
- $212,331
- Median Rent
- $993
47.83% of housing units are renter occupied.
9.77% are vacant.
Commute
- Car
-
48.32%
- Public Transportation
-
19.12%
- Walk to Work
-
6.40%
- Work from Home
-
23.29%
- Other
-
1.20%
The median travel time to work is 28 minutes.
People
- Population
- 1,564,304
- Median Age
- 36.10
- Median Household Size
- 2.55
Education
- High School
-
31.51%
- Associate’s Degree
-
5.70%
- Bachelor’s Degree
-
18.90%
- Graduate Degree
-
14.16%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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