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Land > Vacant Land / Residential
Active
12/15/2023
List Price
$1,250,000

1309 52nd St
Philadelphia, PA 19143

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  • 1309 52nd St, Philadelphia, PA 19143 is a 2,736 ft² vacant/residential land built in 2023 of 0.050 acres with 9 construction permits. This vacant / residential is currently for sale for $1,250,000, and it was last sold in 2019 for $78,000.

    MLS Description

    The listing agent's description. Original Listing

    Welcome to 1309 S 52nd St., a prime multifamily investment opportunity nestled in the heart of Philadelphia's vibrant and rapidly developing 19143 area. This impressive property represents a rare chance to acquire a meticulously maintained multi-family building boasting 5 spacious residential units, each featuring 2 bedrooms and 2 full bathrooms, making it an ideal investment for both seasoned and budding real estate investors. Offered at a 7.25% cap rate. The buildings exterior exudes classic charm and is complemented by a well-manicured facade, offering exceptional curb appeal. Each of the 5 units has been thoughtfully designed to provide a comfortable and modern living environment, ensuring a high level of desirability among potential tenants. The open floor plans, abundant natural light, and contemporary finishes creating an inviting atmosphere, while the inclusion of two full bathrooms per unit adds an extra layer of convenience and luxury. All units come with a full appliance package, in-unit washer-dryers, built in surround sound speakers, security systems. In addition to the property's undeniable appeal, the location itself is a stand out feature. Nearby development projects are enhancing the area's appeal and promise future appreciation for savvy investors. Its also very close to many educational and medical facilities, including but not limited to: Penn Medicine University City, Childrens Hospital of Philadelphia, University of Pennsylvania. With its strategic location, well-appointed units, and strong rental potential, 1309 S 52nd St, represents a compelling opportunity for investors seeking a multi-family property with enduring value and significant growth potential. Dont miss your chance to own a piece of this dynamic and evolving neighborhood while securing a solid return on investment. 8 years left on the tax abatement and 4 of the 5 units are already rented. Contact us to schedule a tour and request financials.

    Listing Agents

    The listing agent for 1309 52nd St is Bob Kiziroglou.

    Permits

    1309 52nd St has 9 permit records of total value of $272,500.

    Permit History
    9
    Permits
    $272,500
    Total Permit Value
    October 29, 2021
    Description: For the erection of a four (4) story structure of type va construction; for use as a five family dwelling. 1st floor dwelling unit to be type b dwelling unit. Entire building to be fully sprinklered per nfpa 13 (exterior wall openings). Separate permit required for mep and fire suppression work. Amend permit on 7/14/21 to construction an exterior ada ramp and all other work as per approved plans. Amend permit on 9/24/21 to remove the labeling of the front egress well and make it a light wellJob Value: $200,000Status: completeType: Commercial building permitSub Type: New constructionBusiness Name: V2 Properties Construction Management LLCApplicant: V2 Properties Entity 6 LlEffective Date: 2021-10-29Permit Number: 992534
    October 29, 2021
    Description: For the installation of a fire suppression system in accordance with nfpa 2016 standard 13 & 14 to include two (2) standpipe installations two (2)-inch diameter service line and backflow prevention assemblyJob Value: $35,000Status: completeType: Fire suppression permitSub Type: New constructionBusiness Name: Oneida Fire Protection INCApplicant: V2 Properties Entity 6 LlEffective Date: 2021-10-29Permit Number: FP-2020-001417
    October 27, 2021
    Description: Ez permit ductwork & warm-air appliances- for the installation of new ductwork registers/grilles/diffusers and warm-air appliances as per attached standards. Deviations from these standards require submission of construction and site plans. *rooftop units not allowed on this permit unless on approved building plans*Job Value: $2,500Status: completeType: Mechanical fuel gas permitSub Type: New constructionBusiness Name: Samuel A SandersApplicant: V2 Properties Entity 6 LlEffective Date: 2021-10-27Permit Number: MP-2020-005655
    October 1, 2021
    Description: Curb trap drain fai; rough plumbing; fixtures 15 toilets; 15 lav sinks; 6 kitchen sink; 10 tub/shower; 5 water heater; 5 laundry;Job Value: $20,000Status: completeType: plumbing permitSub Type: New construction or additionsBusiness Name: Ferko Plumbing & Heating CO INCApplicant: V2 Properties Entity 6 LlEffective Date: 2021-10-01Permit Number: PP-2020-008345
    September 17, 2021
    Description: Install new 400 amp service with 6 gang meter socket install 100 amp sub feeds to each unit and common panel install surface lights outlets switches smoke/carbon detectors phone and tv point in each unit install emergency lights surface lights in common hall ways per 2017 nec code install fire alarm system throughout building as per the 2017 nec & 2016 nfpa-72Job Value: $15,000Status: completeType: Electrical permitSub Type: New constructionBusiness Name: Gormley Electrics INCApplicant: V2 Properties Entity 6 LlEffective Date: 2021-09-17Permit Number: EP-2020-007319
    January 23, 2020
    Description: For the erection of an attached structure. Size and location as shown on application/plan. For use as a multi-family (five (5) dwelling units) household livingStatus: completeType: Zoning/use permitApplicant: V2 Properties Entity 6 LlEffective Date: 2020-01-23Permit Number: 992528
    December 18, 2018
    Description: For the erection of an attached structure with a porch at the first floor front and tow (2) roof decks and roof deck access structures above the forth floor. Size and location as shown on plans and application. For use as multi-family household living (five (5) dwelling units)Status: completeType: Zoning/use permitApplicant: V2 Properties Entity 6 LlEffective Date: 2018-12-18Permit Number: 864451
    August 24, 2010
    Description: Complete demolish of 3 family dwellingStatus: completeType: Demolition permitBusiness Name: GN General Contractors IncorpoApplicant: V2 Properties Entity 6 LlEffective Date: 2010-08-24Permit Number: 297612
    August 24, 2010
    Description: Complete demolish of 3 family dwellingStatus: completeType: Zoning/use permitBusiness Name: GN General Contractors IncorpoApplicant: V2 Properties Entity 6 LlEffective Date: 2010-08-24Permit Number: 297610

    Current Ownership

    Information about the current owner(s).

    Property History

    1309 52nd St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

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    School Information

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    Neighborhood

    This property is located in Southwest Philadelphia, Philadelphia, PA 19143.

    Market Trends

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    Copyright © 2024 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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