523 Dickinson St,PHILADELPHIA, PA 19147
PHILADELPHIA, PA 19147
Description
Welcome to 523 Dickinson Street, a legal triplex offering an excellent opportunity for investors seeking rental income with immediate upside. The property features three residential units, all separate utility meters, and a desirable South Philadelphia location in the 19147 zip code. The first-floor unit is currently occupied and generating $1,300 per month, providing immediate rental income to the new owner. The second-floor unit is vacant and offers an estimated rental opportunity of approximately $1,300 per month, while the third-floor unit is also vacant and offers an estimated rental opportunity of approximately $1,195 per month. At projected rents, the property has the potential to generate approximately $3,795 per month, or $45,540 annually, in gross rental income. The two vacant units provide a new owner the opportunity to live in one unit as an owner-occupant or to lease up the property and increase overall cash flow. Separate meters further enhance the investment profile by allowing for more efficient utility management. Offered at $549,000, this is an excellent opportunity to acquire a legal triplex with an existing income stream, additional rental upside, and the potential for long-term appreciation in one of Philadelphia's highly sought-after neighborhoods. Conveniently located near Center City, Passyunk Square, shopping, restaurants, public transportation, and major roadways. Whether you're an experienced investor expanding your portfolio or a buyer looking for an income-producing property, 523 Dickinson Street is worth a closer look.
Details
| MLS # | PAPH2666398 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 52 |
| Listing Provided By | EXIT Elevate Realty | Alex Lam |
Features
| SQ Feet | 2,286 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | RSA5 |
| Acreage | 0.03 |
Interior
| Rooms Total | 7 |
|---|---|
| Cooling | Window Unit(s) |
| Heating Yes / No | Yes |
| Heating | Baseboard - Hot Water |
| Appliances | Oven - Single, Refrigerator |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Brick/Mortar, Block |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 6100 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19147 |
| Area | 19147 (19147) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19147) | |
Price: $549,000 low | high Med: $385,000 sqft: 2,286 low | high Med: 1,547 $ / sqft: $240 low | high Med: $256 On site: 52 low | high Med: 222 | |
Market Activity 19147
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19147 |
| Area | 19147 (19147) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19147) | |
Price: $549,000 low | high Med: $385,000 sqft: 2,286 low | high Med: 1,547 $ / sqft: $240 low | high Med: $256 On site: 52 low | high Med: 222 | |
