6217 Chestnut St - Apartments FOR SALE


Philadelphia, PA 19139- Cobbs Creek
$395,000 USD
215-607-3535
6217 Chestnut St, Philadelphia, PA for Sale
$395,000 USD
Apartments - FOR SALE
1/74
null | Request Cap Rate

6217 Chestnut St
Philadelphia, PA 19139
Cobbs Creek


HIGHLIGHTS

  • Beautifully renovated triplex located in Cobbs Creek.
  • Features three legal units and a bonus studio.
  • Ideal for investors or buyers wanting to live in one unit and rent the others.
  • Upper-level bi-level apartment with 3 bedrooms and 2 bathrooms, rented for $1,400/month.
  • Two 2-bedroom, 1-bathroom units rented for $1,200 and $1,000/month.
  • Modern upgrades, including renovated kitchens and hardwood floors.

OVERVIEW

Discover your dream investment in Cobbs Creek with this beautifully renovated Triplex, featuring a versatile bonus studio that enhances both comfort and income potential. Perfect for both investors and/or buyers who want to live in one unit and rent the rest out to help cover the mortgage payment. This property includes three legal units plus a studio current used for storage, each recently renovated and boasting modern upgrades. The upper-level unit is a spacious 3-bedroom, 2-bathroom bi-level apartment that occupies the 2nd and 3rd floors, offering luxurious living and currently rented at $1,400/month. Two charming 2-bedroom, 1-bathroom units complete the property and are located on the 1st floor and in the basement. The 1st floor 2 bed 1 bath apartment is rented for $1,200/month while the basement unit is rented for $1,000.00/month. Adding to the appeal is a bonus studio apartment equipped with its own full bathroom and kitchenette, perfect for generating additional rental income or extra storage space. The property has been meticulously upgraded, featuring newly renovated kitchens, pristine bathrooms, hardwood floors, recessed lighting, and modern stainless steel appliances in every unit. Central air ensures year-round comfort, and the property is equipped with a state-of-the-art fire detection system, surveillance system, and smoke detectors, enhancing both safety and peace of mind. All utilities are separately metered, and the property holds rental licenses for three units, with recent cosmetic upgrades completed in 2021-22 further enhancing its attractiveness. Situated in the desirable Cobbs Creek area, it offers close proximity to shops, schools, parks, playgrounds, and public transit. The property also boasts a charming porch and a convenient back alley, combining aesthetics with functionality. Experience the ultimate convenience with this Cobbs Creek Triplex, boasting a Walk Score of 83, indicating that most daily errands can be handled without a car. The property features a Transit Score of 77, reflecting excellent public transportation options for easy commuting, and a Bike Score of 81, showcasing the area's superb biking infrastructure. Enjoy a rich array of dining options nearby, such as Liberty Halal Gyro, Aku's Kitchen, Hong Kong Restaurant, West Point Pizza, and many more. For education, you’ll find schools like Conquerors Christian Academy, Kids World Christian Education Center, Wilcox Learning Center, and John Barry Community School within close reach. Grocery shopping is convenient with West Phillie Produce, Astra Foods, African Expressions, Sabzimandi, and other local markets nearby. Additionally, you’re just a four-minute ride from the 63rd St Station - MFL stop, connecting you to the MFL Frankford TC to 69th St TC. For outdoor enthusiasts, the property is surrounded by several parks, including Cobbs Creek Park, offering ample green space and recreational opportunities. Whether you’re seeking a new home or a solid investment opportunity with immediate rental income potential, this fully renovated Triplex in Haddington is a must-see. Act quickly—this exceptional property won’t last long!

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

3

PRICE/UNIT

$131,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6217 Chestnut St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,718 SF

ZONING

RM-1

APN/PARCEL ID

031026300

ASK ABOUT THIS PROPERTY

Maria QuattroneRE/MAXMore Info
215-607-3535

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Maria QuattroneRE/MAXMore Info
215-607-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.