Property
Philadelphia, PA 19143 5039 Springfield Avenue
$649,900
33 more
Presented By: RE/MAX One Realty - TCDT
Beds • 6
Home Details
This is a fully renovated, 5-unit investment property in the rapidly appreciating Kingsessing neighborhood, adjacent to Squirrel Hill/Cedar Park. The P&L is included in the Document tab of the MLS listing. This is a corner property, which means that all units get tons of sunlight from windows on multiple sides of each apartment. The building is conveniently located just a few blocks from the restaurants and shops on Baltimore Ave. and has a WalkScore of 83, so most errands can be accomplished easily on foot. The property is also only one block away from Kingsessing Park/Recreation Center and is surrounded by bus and trolley lines along with the Indego bike station and the 49th St. rail station just 2 blocks away at the corner of 49th St. and Chester Ave. All utilities have been separated already (electric meters, gas meters, water heaters, & boilers) and the huge basement with a separate side entrance increases the potential of the building by adding a 6th unit with the proper zoning/permits!
Presented By: RE/MAX One Realty - TCDT
Interior Features for 5039 Springfield Avenue
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementDaylight, Partial, Outside Entrance, Side Entrance, Windows, Space For Rooms
Basement (Y/N)Yes
Central Air Y/NNo
FlooringHardwood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
General for 5039 Springfield Avenue
Acceptable FinancingCash, Conventional, FHA, FHA 203(b), FHA 203(k), VA
AccessibilityNone
Architectural StyleTraditional
Cap Rate6.18
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingWindow Unit(s)
CountyPHILADELPHIA
DirectionsHeading SW on Springfield Ave, property will be on your right just before 51st St. (corner property)
ExclusionsTenants furniture and personal belongings; including window treatments, microwaves, and window AC units
FULLFee Simple
Garage Y/NNo
HeatingRadiant
Historic Y/NNo
Lease TypeYearly
Location TypeCorner Lot/Unit
Lot Size Square Feet2646.00
Lot Size UnitsSquare Feet
MLS Area19143 (19143)
ModificationTimestamp2024-11-11T14:27:25
MunicipalityPHILADELPHIA
New ConstructionNo
Number of Units Leased4
NumberOfUnitsTotal4
NumberOfUnitsVacant1
One Bedroom Units Count4
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 3
OwnerPaysCommon Area Maintenance, Insurance, Pest Control, Sewer, Water
PossessionSettlement
Price Per Sq Ft Total AG171.93
Property ConditionGood
Property SubtypeOther
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Subdivision NameWEST PHILADELPHIA
Tax Annual Amount9036.0
Tax Assessed Value645500.0
Tax Lot175
Tax Year2025
Total Actual Rent60240.00
Total SQFT4940
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceEstimated
ZoningRM-1
Zoning DescriptionCity Cert included in the Documents tab. Zoning Classification RM-1, legally registered for use as a 5-unit dwelling.
Exterior for 5039 Springfield Avenue
Foundation DetailsStone
InclusionsRefrigerators
Land Assessed Value129100.00
Land Use CodeU50
Lot Dimensions25.00 x 108.00
Lot FeaturesCorner, Rear Yard
Lot Size Acres0.06
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner