5039 Springfield Avenue Philadelphia, PA 19143 Municipality: Philadelphia

This is a fully renovated, fully occupied 5-unit investment property in the rapidly appreciating Kingsessing neighborhood, adjacent to Squirrel Hill/Cedar Park. The Rent Roll and P&L are included in the Document tab of the MLS listing. This is a corner property, which means that all units get tons o...f 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! Continue reading