Price Reduction
Address
635 N 54Th Street Philadelphia, PA
Price
$ 6,999,999
Property Attributes
  • MLS#PAPH991442
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19131
  • NeighborhoodPHILA
  • Zip19131
  • StyleAirLite,Straight Thru
  • Year Built1925
  • Taxes2637
  • Price$ 6,999,999
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size871 SqFt
Listing Provided Courtesy Of:
OCF Realty LLC
Data Source:
Bright MLS
Property Description

A rare opportunity to own a fully-occupied scattered -site, turn -key residential rental portfolio of 48 properties in West Philadelphia. All but two of the units are under Housing Choice Voucher program leases with the Public Housing Agency being responsible for an average of 73% of their income across all the properties. The portfolio was acquired over a period of seven years and nearly all of the units have been renovated within the last five years and have in-unit washers/dryers and microwaves. Ownership has maintained and self-managed the properties during this period. This opportunity offers investors a steady income for years to come for a group of properties located in an area that is rapidly increasing in value. All 48 properties have to be purchased as a package deal. No separation of package. 48 properties: 5209 Hazel Ave, 145 N. Wanamaker St, 108 S. 55th St, 2059 S. Frazier St, 2511 S. Dewey St, 1213 N. Allison St, 59 N. Felton St, 1725 S. 55th St, 5506 Lansdowne Ave, 7252 Grays Ave, 6068 Callowhill St, 52 N. Felton St, 545 N. Allison St, 1334 N. Wanamaker St, 233 N. Ramsey St, 5637 Broomall St, 334 N. Salford St, 6409 Saybrook Ave, 530 N. Vodges St, 4526 Westminster Ave, 445 N. 51st St, 1112 S. Ruby St, 162 N. Millick St, 105 N. Millick St, 325 N. Robinson St, 5961 Chester Ave, 635 N. 54th St. 22 N. Dewey St, 22 N. Conestoga St, 1626 S. Wilton St, 5435 Belmar Terrace, 139N. 51st St, 5327 Ogden St, 5451 Kingsessing Ave, 1235 N. Conestoga St, 207 N. Wilton St, 5539 Wyalusing Ave, 111 N. 59th St, 426 N. Robinson St, 236 N. Wanamaker St, 1419 N. Alden St, 228 N. Hobart St, 5536 Wyalusing Ave, 1249 N. Allison St, 5140 Parrish St, 126 N. Wilton St, 147 N. Dewey St, 5522 Pearl St.

Price History
3/1/2021 Listed $7,900,000
4/22/2021 12% - $6,999,999

General Features

Accessibility None
Architectural Style AirLite, Straight Thru
Construction Materials Masonry
Cool Fuel None
Cooling Window Unit(s)
County PHILADELPHIA
Days on Market 70
Garage Y/N No
Heating 90% Forced Air
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19131 (19131)
Municipality PHILADELPHIA
New Construction No
One Bedroom Units Count 2
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 4320.99
Property SubType Duplex
Property Type Multi-Family
Rent Control Y/N No
Sewer Public Sewer
Structure Type End of Row/Townhouse
Subdivision Name PHILA (WEST)
Tax Annual Amount 2637.0
Tax Lot 20
Tax Year 2021
Total Units 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning RSA5

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 1620

Exterior Features

Lot Dimensions 15.00 x 67.00
Lot Size Acres 0.02
Lot Size Source Assessor
Lot Size Square Feet 1005.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19131

Price
AVG $1.03M
$7M
Taxes
AVG $1,875
$2,637
Visits
AVG 54
278
Year Built
AVG 1921
1925
Walkscore
AVG 77
83
Data Provided by Walkscore ® not using MLS data

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