




709 S 56th St, Philadelphia, PA, 19143
About This Home
Investors - this is you don't want to miss! We've lowered the asking price on this cash-flowing Cobbs Creek duplex, and the numbers now exceed the 1% rule: collected rents represent 1% or more of the new sale price. That's day-one cash flow with room to grow. Both two-bedroom units are tenant-occupied and producing income now — no lease-up period, no vacancy risk out of the gate. While your tenants pay down the asset, you plan your next move. A rundown of the asset: The first-floor unit sits on a full-footprint unfinished basement with walk-out access — a blank canvas for additional storage, utility space, or a future value-add play. The second-floor unit was kitchen-renovated last year and features a large covered porch and an oversized dining/kitchen layout that tenants love. Location works for you too - bus lines at the door and Baltimore Ave trolley just blocks away means strong rental demand isn't going anywhere. Being sold AS-IS. Priced to move. The seller is motivated and the math is already working in your favor - this is the rare opportunity where the deal is done before you even close.
Getting Around
Schools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Slab
- Construction materials: Masonry
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range - Gas,Washer,Dryer,Gas Water Heater
Basement
- Area: 0
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating & Cooling
- Heating features: Radiator,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 1,862
- Total interior livable area: 1,862 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 463213500
- Zoning: RM1
- Special condition: Standard
Features
- Pool features: None
Lot
- Lot size: 1,237 sqft
- Lot size dimensions: 16.00 x 77.00
Parking
- Parking features: None
