5556 Market Street

Philadelphia, PA 19139

$399,000
Price
Beds
2,009 Sq. Ft.
$199 / Sq. Ft.
2,009
Sq. Ft.
$199
per Sq. Ft.

Description

Welcome to your next investment opportunity! This turnkey mixed-use building promises excellent cash flow and minimal overhead, making it an investor's dream. Nestled in the burgeoning Walnut Hill section of Philadelphia, adjacent to the esteemed University of Pennsylvania, this property boasts three units ripe for income generation. Positioned conveniently on Market Street's south side, mere steps from the SEPTA 56th Street EL stop, accessibility is unmatched. Your tenants will relish the swift...Welcome to your next investment opportunity! This turnkey mixed-use building promises excellent cash flow and minimal overhead, making it an investor's dream. Nestled in the burgeoning Walnut Hill section of Philadelphia, adjacent to the esteemed University of Pennsylvania, this property boasts three units ripe for income generation. Positioned conveniently on Market Street's south side, mere steps from the SEPTA 56th Street EL stop, accessibility is unmatched. Your tenants will relish the swift commute to Penn, Drexel, or downtown Philadelphia, thanks to the nearby elevated train. The ground floor fronts a versatile commercial space, zoned CMX2 to accommodate various business endeavors. Currently leased at $725 per month, this unit offers immediate returns. Meanwhile, the rear residential unit on the first floor presents a spacious one-bedroom apartment with kitchen, bath, flooring, heater, and washer/dryer. Priced at $1000 per month, its private fenced yard adds an extra allure. Ascending to the second floor reveals a charming two-bedroom unit, boasting a ceramic-tiled kitchen, pergo flooring, and modern amenities like high-efficiency gas forced air heat and central air. With a rental income of $1100 per month, its enclosed porch could easily transform into a third bedroom, maximizing returns. To sweeten the deal, the property offers off-street parking for 1-2 cars, potentially yielding an additional $50-$100 per month in rent. Resting on a generous 125-foot deep lot with a convenient rear alley/private driveway, convenience and flexibility abound. Whether you're eyeing a 1031 exchange, a cash sale, commercial financing, or envisioning yourself as an owner-operator, this offering caters to diverse investment strategies. Don't miss out on this golden opportunity to secure your foothold in Philadelphia's thriving real estate market!
  1. Listed by Carlos Masip • KW Empower
    P: 2674560448 cxm5003@comcast.net

Property Details for 5556 Market Street

Tax ID Number
604002500
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
WALNUT HILL
Subdivision
WALNUT HILL (PHILADELPHIA PA)

Location

Listing Courtesy of KW Empower
Add your commute
LISTING UPDATED: 02/23/2024 04:39 PM

Property Details for 5556 Market Street

StatusActive
MLS #PAPH2325260
Days on Market69
Taxes$1,308 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1925
Lot Size0.04 AC / 1,868 SF
CountyPhiladelphia County

Building

5556 Market St

2 StoriesBuilt in 1925

Location

Listing Courtesy of KW Empower
Add your commute

Building Information for 5556 Market Street

Stories2Residences-Year Built1925Building Size-Lot Size0.04 AC / 1,868 SF

Payment Calculator

$2,287 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,178

Property Taxes

$109

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5556 Market Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 802785881492
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19139 (19139)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $93,500
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $79,475
  • City Town Tax: $590
  • Land Assessed Value: $14,025
  • Clean Green Assessed: No
  • Land Use Code: Y30
  • Zoning: CMX2
  • Tax Lot: 129
  • School Tax: $718
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,009.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 15.00 x 125.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1326759
Parking
Parking
  • Type Of Parking: Driveway
  • Driveway - # of Spaces: 1
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 5556 Market Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5556 Market Street

Taxable ValueLand$14,025Additions$79,475Total$93,500
Tax Record2023$1,309 ($109 / month)
Home Facts
Total Finished SqFt2,009 SqFtAbove Grade Finished SqFt2,009 SqFtStories2Lot Size1,868 SqFtStyleOffice BuildingYear Built1925ZoningCMX2CountyPHILADELPHIAAPN60-4-0025-00

Schools near 5556 Market Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hamilton Andrew School
PublicK to 8

Sayre William L Middle School
Public9 to 12

The Workshop School
Public9 to 12

Parkway West
Public9 to 12

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.

Neighborhood Map and Transit

Similar Homes

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5556 Market Street is a multi-family home for sale in Philadelphia, PA 19139. This property was listed for sale on February 23, 2024 by KW Empower, it's currently listed at $399,000. It has been on the market for a total of 69 days and was last sold on June 29, 2021. This listing's school district is Philadelphia City School District. Nearby schools include Hamilton Andrew School, Sayre William L Middle School and The Workshop School. 5556 Market Street is a 0-bed, 0-bath, 2,009 sqft multi-family home built in 1925.

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.