tomo logo

$5,750,000

Beds
3
Baths
1.0
sq ft
1,340

1323 N 51st St, Philadelphia, PA 19131

1323 N 51st St

PHILADELPHIA, PA 19131

  • 9 days on market
This listing is part of a larger investment portfolio available for bulk purchase only. The portfolio consists of 25 renovated and rent-stabilized properties spanning West Philadelphia, North & Central Philadelphia, Kensington, Frankford & Port Richmond, University City & Brewerytown, and Southwest Philadelphia. This portfolio is ideal for investors seeking guaranteed cash flow, as most properties are occupied by Philadelphia Housing Authority (PHA) tenants. With a yearly rent roll totaling approximately $500,000, low turnover, and expenses, this portfolio could yield approximately 42% cash-on-cash returns for the savvy investor. Contact the listing agent for the rent roll, lease details, and full portfolio details.

Details

Property type

Townhouse

Est. home value

$101,033

Lot size

960 sq ft

Price per sq ft

$4,292

Year built

1925

Annual property taxes

$1,175

HOA

No

Price History

02/13/2025
Bright

Bright #PAPH2442156

Listed
$5,750,000
+9174.19%
04/23/2020
Bright

Bright #PAPH872314

Sold
$62,000

Schools & Community

Neighborhood: 

Carroll Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

PHILADELPHIA CITY

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Temple View Capital Funding Lp

Loan start date

December 2020

Original loan amount

$120,000

Est. remaining balance

Not provided

Interest rate

2.81%

Loan type

Stand Alone Second, 30 year

Seller

Darnell Russell Investments Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/22/2025 at 3:00 PM

Listing updated: 02/13/2025 at 7:14 PM

Listed by: Britt McLaughlin, KW Empower Phone #: (215) 627-3500

MLS: Bright #PAPH2442156

Bright logo

Recently listed in PHILADELPHIA

$265,000|3 bd|1.5 ba|Townhouse
$375,000|4 bd|1.5 ba|Townhouse
$570,000|4 bd|3.0 ba|Townhouse
$383,000|3 bd|1.5 ba|Townhouse
$280,000|3 bd|2.5 ba|Townhouse
$110,000|2 bd|1.0 ba|Townhouse
$130,000|2 bd|1.0 ba|Townhouse

Explore top cities in Pennsylvania