1022 South 55th Street

Philadelphia, PA 19143

$149,999
Price
3
Beds
1
Bath
1
1/2 Bath
1,336 Sq. Ft.
$112 / Sq. Ft.
1,336
Sq. Ft.
$112
per Sq. Ft.

Property Details for 1022 South 55th Street

StatusActive
MLS #PAPH835952
Year Built1920
DOM27
Compass TypeTownhouse
MLS TypeResidential / Fee Simple
Lot Size0.03 AC / 1,304 SF
Taxes$841 / year
Condo/Co-op Fees-
HOA Fees-
CountyPhiladelphia County

Listing Agent

Contact Agent(s)

Property Details for 1022 South 55th Street

Subdivision
WEST PHILADELPHIA
Municipality
PHILADELPHIA
Ownership
Fee Simple
Style
Contemporary
Structure Type
Row/Townhouse
Basement
No
County Name
PHILADELPHIA PA

Description

Investor alert! Be part of this exciting opportunity to acquire a turn-key investment portfolio. The portfolio consist of 17 fully-rehabbed, tenant-occupied properties, 15 single family homes and 2 triplexes in the fast growing West Philadelphia and Brewerytown areas of Philadelphia, Pennsylvania. In addition, over half of the portfolio is located in a Qualified Opportunity Zone (QOZ), giving investors direct access to the triple tax benefit incentive. Currently, tens of millions being invested in... real estate development in these immediate vicinities. Spacious 3bd/1ba, 1,336 sqft, single-family rental. Pro forma annual income = $16,700. Pro forma annual expenses = $2,672. Pro forma NOI = $11,266. Pro forma cap rate = 8%. Can be sold individually, package or as entire portfolio. Developed by emerging city builder. Units are fully leased! Strong rent growth and appreciation forecast in these key areas for years to come. Terrific opportunity for institutional investment firm, owner-occupied investors and millennial investors. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily.

Location

Building Information for 1022 South 55th Street

Stories2Residences-Year Built1920Lot Size0.03 AC / 1,304 SF

Payment Calculator

$610 per month

30 year fixed, 3.51% Interest

Principal and Interest

$540

Property Taxes

$70

HOA Dues

$0

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Property Information for 1022 South 55th Street

Listing / Compensation / Market Information
    Listing Information
  • Listing Agent MLS ID: 3294786
  • List Agent Full Name: Aaron Lewis (3294786)
  • List Agents: Aaron Lewis (3294786)
  • Listing Agent Full Name: Aaron Lewis
Interior / Building / Parking / Property Information
    Interior Details
  • Tax Total Finished SQFT: 1336
  • Above Grade Fin SQFT: 1336
  • Above Grade Finished Area Units: Square Feet
  • Total Finished SQFT: 1336
    Interior Features
  • Fireplaces Count: 0
  • Central Air: Yes
  • Cooling Type: Central A/C
  • Heating: Yes
  • Heating Type: Central
  • Room and Floor: Bathrooms Full-Upper Level 1-1, Bedrooms-Main Level-1, Bathrooms Half-Main Level-1, Bedrooms-Upper Level 1-2
    Parking Information
  • Garage: No
  • Type Of Parking: On Street
    Pool / Spa Information
  • Pool: No Pool
    Location Information
  • Directions: Head west on Ludlow St toward S Clifton St38 s (282 ft)Take N 16th St, I-676 W/US-30 W, I-76 E, Grays Ferry Ave, ... and Springfield Ave to S 55th St.
  • MLS Area: 19143 (19143)
  • Sub System Locale: BRIGHT_MAIN
  • System Locale: BRIGHT
  • Tidal Water: No
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Waterfront: No
    School Information
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
    Building Information
  • Accessibility Features: Other
  • Construction Materials: Masonry
  • New Construction: No
  • Other Structures: Above Grade, Below Grade
  • Levels Count: 2
  • Story List: Main, Upper 1
    Green Information
  • Clean Green Assessed: No
    Association Information
  • Condo Coop Association: No
  • HOA: No
    Property Information
  • Property Type: Residential
  • Land Use Code: O30
  • Lot Size Dimensions: 16.00 x 81.50
  • Lot Size Source: Other
  • Lot Size Units: Square Feet
  • Lot SQFT: 1304
  • Lot Size Acres: .03
  • Navigable Water: No
  • Senior Community: No
  • Zoning: RM1
  • Age: 1920.0
    Utilities Information
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas
  • Sewer Septic: Public Sewer
  • Water Source: Public
Room Information
    Basement
  • Below Grade Fin SQFT: 0
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT: 0
  • Below Grade Unfin SQFT Source: Assessor
    Bathroom Counts
  • Bathrooms Count All Upper Levels: 1
  • Bathrooms Count Main Level: 1.00
  • Bathrooms Count Upper Level 1: 1.00
    Bathroom Information
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Count: 2
    Bedroom Information
  • Bedrooms Count: 3
  • Bedrooms Count All Upper Levels: 2
  • Bedrooms Count Main Level: 1
  • Bedrooms Count Upper Level 1: 2
    Full Bathrooms
  • Bathrooms Full All Upper Levels: 1
  • Bathrooms Full Upper Level 1: 1
    Half Bathrooms
  • Bathrooms Half Main Level: 1
    Rooms
  • Room List: Bedroom 2, Bedroom 1
Tax / Assessment / Sale Information
    Tax / Assessment Information
  • City Town Tax: $380
  • County Tax: $0
  • School Tax: $462
  • Tax Annual Amount: $841
  • Tax Lot: 233
  • Tax Year: 2019
  • Tax ID Number: 513134000
  • Year Assessed: 2019
  • Improvement Assessed Value: $51,100
  • Land Assessed Value: $9,000
  • Tax Assessed Value: $60,100
    Sale Information
  • Possession: Settlement
  • Prospects Excluded: No
  • Sale Type: Standard
  • Vacation Rental: No

Property History for 1022 South 55th Street

DateEvent & SourcePriceAppreciation
Sep 23, 2019Listed (Active)

BRIGHT #PAPH835952

$149,999
Aug 27, 2018Closed

Public Record #630728220

$35,000
DateEvent & SourcePrice
09/23/2019
Listed (Active)

BRIGHT #PAPH835952

$149,999
08/27/2018
Closed

Public Record #630728220

$35,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1022 South 55th Street

Taxable ValueLand$9,000Additions$51,100Total$60,100
Tax Record2019$841
Home Facts
Beds3Finished Sq.Ft.1,336 SqFtStories2Lot Size1,304 SqFtStyleCondominiumYear Built1920ZoningRM1CountyPHILADELPHIA

Schools near 1022 South 55th Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Longstreth William C SchoolPublicPK-80.2 mi
2
Shaw Anna H Middle SchoolPublic7-80.3 mi
NR
Evelyn Graves AcademyPrivateK-120.5 mi
NR
Cornerstone Christian AcademyPrivateK-80.6 mi
NR

Longstreth William C School

PK-8, 0.2 mi, Public

2

Shaw Anna H Middle School

7-8, 0.3 mi, Public

NR

Evelyn Graves Academy

K-12, 0.5 mi, Private

NR

Cornerstone Christian Academy

K-8, 0.6 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1022 South 55th Street is a townhouse for sale in Philadelphia, PA 19143. This property was listed for sale on September 23, 2019 by Compass at $149,999. It has been on the market for a total of 29 days and was last sold on August 27, 2018. Nearby schools include Sheridan West, The Workshop School and Roosevelt Theodore Middle School. 1022 South 55th Street is a 3-bed, 1.5-bath, 1,336 sqft townhouse built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
The data relating to real estate for sale on this Virtual Office Website is provided in part, by BRIGHT through a licensing agreement. This website may reference real estate listing(s) held by a brokerage firm other than Compass. The information provided by this website is for the personal, non-commercial use of consumers with whom Compass has first established a broker-consumer relationship (as defined by applicable state law) and may not be used for any purpose other than to identify prospective properties such persons may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals. The data contained herein is copyrighted by BRIGHT and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. © 2019 BRIGHT MLS, All Rights Reserved. All rights reserved.