424 S 56TH ST

Property Details

UPDATE: New pictures of RENOVATED first floor apartment are uploaded! MOTIVATED SELLER Well-maintained and updated duplex in Cobbs Creek offers an incredible opportunity! Whether a seasoned investor or your first investment, you could live in one unit while the other pays your mortgage. With both units having recent updates, they're ready for an upscale city professional tenant. You could even rent out the garage or extra storage on the lowest level. The possibilities are endless! Unit A (Lower) is a very spacious 1-bed, 1-bath apartment boasting a large living room, formal dining room perfect for gatherings, and a sunlit kitchen with a refrigerator and electric range. This apartment enjoys a roomy private backyard outdoor retreat. A full laundry for this unit is in the basement with washer and dryer in place. This unit looks brand new with the very recent updates, fresh paint throughout, refinished hardwoods in the living room, new laminate wood flooring in the bedroom and hallway, updated lighting with ceiling fans, freshly painted kitchen cabinets, bathroom updates and more. We anticipate the lower unit rent to be at $1,200/month with these updates. Come and see for yourself! Thinking about major renovations? Open up the floor plan and completely transform the layout by taking out the wall between the dining room and kitchen! Unit B (upper) provides city living at it's best with a true showpiece, completely renovated apartment. The new kitchen is a dream with the perfect arrangement to entertain and create the gourmet experience. Starting with granite countertops, 42 inch cabinets, marble floors, breakfast bar, recessed lighting, deep sink and stylish backsplash. Then there are the new stainless appliances including a large Frigidaire side by side fridge with lower freezer drawer, ceramic cooktop range with warming drawer and space saver microwave. The breakfast bar will easily host 4-5 guests while the adjacent room with a bay window would make a great living room or combo dining room if you'd like. The open-concept layout allows natural light from the bay window to brighten the entire space. The space is breathtaking and to top it off the crystal chandelier with the ceiling fan really makes it pop! Head down the hall where the newly refinished 1.5 inch white oak hardwood really gleams under all the recessed LED lighting. The convenient laundry nook homes brand-new stacked Samsung washer and dryer. The new bathroom with high-end finishes including new vanity, LED lighting, and brushed black fixtures. This level is completed by two very generously sized bedrooms, both with lighted ceiling fans, beautiful floors, good closets and modern electrical service This 2-bedroom, 1-bathroom apartment has a rental potential of $1,450/mo. Additional features: 2020 roof replacement, 24-hour exterior surveillance with a free app, separate electric and hot water heaters (Unit B 2024), new sewer mains and new electrical wiring. There is separate garage door access to the expansive unfinished basement space offering endless possibilities for storage, a workshop, or a small business. Located just minutes from subway stations, bus stops, and within 5 miles of Center City and 10 miles from Philadelphia Airport, this property offers convenient access to everything you need. Don’t miss the chance to own a versatile property in a prime location – perfect for living while generating income or expanding your portfolio! Bring us an offer!