1242 S 51St St

3,240ft AMAZING OWNER-OCCUPANT OPPORTUNITY IN KINGSESSING PARK! This triplex is move-in ready for an owner-occupant investor who’s looking for existing cash flow! Allow your tenants to help cover the mortgage while you watch your property appreciate, without the stress of finding renters. Or of course, you could rent out the single vacant unit for a fully occupied triplex to add to your portfolio. There are many original details still standing strong in this West Philadelphia Victorian building such as molding and trim. Bay facades and dormers were completely rebuilt in 2018. All new windows and siding were also replaced in 2018. In 2022, the roof was completely rebuilt and subfloor replaced (roof is under warranty for 10 years), bay windows and porch roofs resealed, external masonry repaired, the electrical service upgraded and the first 2 floors were completely renovated. Additionally, a Ring video surveillance system and Google Nest thermostat were installed allowing the future owner to manage the property completely remotely! In 2024, the third floor was completely renovated featuring a breathtaking view over the Kingsessing Park. The main building’s hallway and stairs were renovated with new waterproof flooring. Chimneys were repaired, sealed and capped. Additionally, the building’s fire alarm system was replaced and re-certified. Unit 1 and 2 are dryer and washer ready with in-unit hookups. Unit 3 has dryer and washer ready hookups in the spacious basement. The first floor is rented for $1,100/mo and consists of a 1 bed/1 bath apartment completely renovated: brand new kitchen, granite countertop, stainless appliances (including dishwasher!), new floors and a retiled bathroom. This unit has direct access to the yard. The second floor is rented for $1,100/mo and consists of a 2 bed/1 bath apartment completely renovated featuring new floors, bathroom and stainless steel appliances (refrigerator and oven/stove combo). The third floor is currently vacant and for rent at $1,300/mo. It’s a 3 bed/1 bath apartment renovated in 2024 with a livable attic. The property features a fenced backyard and full tall basement. Also ready to become a laundry room or an additional storage room for the tenants. Electric is individual metered per unit as well as gas. Location can’t be beat. Overlooking Kingsessing Park, you’ll have access to a well-maintained and thoughtful public outdoor space. Right across the street you’ll find open green space, two tennis courts and four basketball courts. This building is conveniently located close to Clark Park, University City, University of Pennsylvania, CHOP and the University of the Sciences. Accessibility to local light rail is on the block!