5948 Spruce St, PHILADELPHIA
$424,500 - 1,980 Sf
MLS® # PAPH2456576
5412 Chancellor St, PHILADELPHIA
$399,000
0 Beds
0 Baths
1,824 Sqft
.03 Acres
0 Garages
Fully-occupied, income-producing duplex in West Philadelphia with $3,345/month in gross rental income and about 5 years of remaining tax abatement. Each unit offers 2 bedrooms and 2 full bathrooms, fully renovated in 2020 with modern finishes throughout. Features include quartz countertops, stainless steel appliances, central air, in-unit laundry, recessed lighting, and hardwood flooring. The upper unit enjoys a private balcony, the lower unit has private rear outdoor area, while both units include open-concept layouts and spacious closets.
Unit 1 is leased for $1565/mo + $70 utility fee, and Unit 2 is leased for $1625/mo with an $85 utility fee, for a total of $40,140/year in gross scheduled income - an in-place cap rate of 7.5%. Ideal turnkey investment with strong rental history and minimal maintenance. Located on a quiet block with convenient access to public transit, major universities, and commercial corridors.
Turnkey cash-flowing asset in appreciating West Philly submarket. Perfect for investors or 1031 exchange buyers, as well as owner-occupants looking to live in one unit and rent the other. Showings available by appointment with minimum 48 hour notice.
Essential Information
MLS® #PAPH2477302
Price$399,000
Bathrooms0.00
Square Footage1,824
Acres0.03
Year Built1925
TypeMulti-Family
Sub-TypeDuplex, Twin/Semi-Detached
StyleOther
StatusActive
Community Information
Address5412 Chancellor St
Area19139
SubdivisionCOBBS CREEK
CityPHILADELPHIA
CountyPHILADELPHIA-PA
StatePA
MunicipalityPHILADELPHIA
Zip Code19139
Interior
HeatingCentral
CoolingCentral A/C
Has BasementYes
BasementOther, Unfinished
Appliances
Dishwasher, Disposal, Dryer, Microwave, Oven/Range-Gas, Refrigerator, Stainless Steel Appliances, Washer
Exterior
Exterior FeaturesBalcony
FoundationStone
District
THE SCHOOL DISTRICT OF PHILADELPHIA
Additional Information
ZoningRM1
Listing Details
OfficeSelect Commercial Advisors
Office Contact(215) 315-3326
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Listing information last updated on May 23rd, 2025 at 7:15am EDT.
