1217 47Th StPhiladelphia, PA 19143

For Sale
$515,000

Prime Location, Excellent Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 5-unit apartment building, located at 1217 S 47th St in Philadelphia, Pennsylvania, presents a compelling investment opportunity. The property boasts a total of 2,384 square feet and sits on a generous 3,375 square foot lot. Zoned RTA1 (5 unit), this property offers significant potential for growth and income generation. Each of the five units provides comfortable living spaces, contributing to a strong rental income stream. The building's solid construction and desirable location in Philadelphia ensure consistent occupancy and long-term value. An attractive feature is the availability of a neighboring lot, 1219 S. 47th St., also encompassing 3,375 square feet, which can be acquired as a package deal, expanding the property's potential significantly. This presents a unique chance to acquire a substantial property in a thriving Philadelphia neighborhood. The asking price for this multifamily investment is $515,000. This property is ideally suited for investors seeking a stable, income-producing asset with significant upside potential. The combination of the existing building and the adjacent lot offers a rare opportunity for expansion or redevelopment. Don't miss this chance to secure a prime piece of Philadelphia real estate.

Highlights

  • $515,000 asking price for this multifamily investment opportunity.
  • Five-unit apartment building in Philadelphia, PA.
  • 2,384 square feet of building space.
  • RTA1 zoning (permits 5 units).
  • 3,375 square foot lot.
  • Adjacent lot (1219 S. 47th St., 3,375 sq ft) available for purchase as a package deal.

Property Details for 1217 47Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
2,384 SF
Units
5

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.944578
Longitude
-75.2119665
1217 47Th St, Philadelphia, Pennsylvania

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1217 47Th St
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