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About This Home
This 0-bedroom, 0-bathroom residential multi family at 709 S 56TH Street in Philadelphia, PA is listed for $189,900 ($102 per sqft). Built in 1920, the home offers 1,862 sqft of living space on a 0.03 acres lot.
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.
Key Features
- Built in 1920
- 0.03 acre lot
Property Details
Monthly Cost Estimate
$1,016/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
709 S 56TH Street
Philadelphia, PA 19143
Property Details
Construction
Heating
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 709 S 56TH Street is listed at $189,900 ($102/sqft). The estimated monthly payment is $823 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.03 acre lot.
This property is listed by Karmen N Fails and can be reached at 2159876625 or karmen@commongroundrealtors.com.








