PA > Philadelphia > Cobbs Creek
Philadelphia, PA 19139,5412 CHANCELLOR ST
Philadelphia, PA 19139,5412 CHANCELLOR ST
Philadelphia, PA 19139,5412 CHANCELLOR ST
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John Coleman

John Coleman

Coleman Residential

+1(202) 427-9689
Listed by Samantha Lee Miller • Select Commercial Advisors
$399,000
Est. payment /mo
1,824 SqFt
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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,824 sqft

Price per Sqft $218

Subdivision Cobbs Creek

MLS Listing ID PAPH2477302

Style Other

Abv Grd Liv Area 1,824

Year Built 1925

Annual Tax Amount $1,343

Tax Year 2024

Lot Size 1,444 Sqft

Acres 0.03

Lot Dimensions 22.00 x 66.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Fully-occupied, income-producing duplex in West Philadelphia with $3,345/month in gross rental income and about 5 years of remaining tax abatement. Each unit offers 2 bedrooms and 2 full bathrooms, fully renovated in 2020 with modern finishes throughout. Features include quartz countertops, stainless steel appliances, central air, in-unit laundry, recessed lighting, and hardwood flooring. The upper unit enjoys a private balcony, the lower unit has private rear outdoor area, while both units include open-concept layouts and spacious closets.

Unit 1 is leased for $1565/mo + $70 utility fee, and Unit 2 is leased for $1625/mo with an $85 utility fee, for a total of $40,140/year in gross scheduled income - an in-place cap rate of 7.5%. Ideal turnkey investment with strong rental history and minimal maintenance. Located on a quiet block with convenient access to public transit, major universities, and commercial corridors.

Turnkey cash-flowing asset in appreciating West Philly submarket. Perfect for investors or 1031 exchange buyers, as well as owner-occupants looking to live in one unit and rent the other. Showings available by appointment with minimum 48 hour notice.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RM1

Rooms

Basement Other, Unfinished

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Equipment Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer

Fireplace N

Appliance Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer

Heat Source Natural Gas

Exterior

Exterior Feature Balcony

Water Access N

Accessibility None

Porch Balcony

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 603040300

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
agent
John Coleman

REALTOR® | OWNER | License ID: SP98375761

+1(202) 427-9689 | john@colemanresidential.com

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