NOT LISTED FOR SALE

1242 N 55th St Philadelphia, PA 19131

Carroll Park Neighborhood

Estimated Value: $183,000 - $232,077

-- Bed
-- Bath
-- Sq Ft
1,575 Sq Ft Lot

Last Sold March 01, 2019

Last sale price $150,000

Est. 40% increase in value since last sale

Current estimated payment $1,196/month

Highlights

  • Straight Thru Architecture
  • No HOA
  • Hot Water Heating System

About This Home

As of March 2019

Investor Alert! 3 story rare triplex on a quiet West Philadelphia Street! Property was recently updated and already has immediate cash flow. First floor is paying $900.00 (utilities included) with an active lease that expires December 2019. Second floor tenant is paying $850.00 per month (utilities included) and has an active lease that runs until September 2019. Both tenants intend to stay. Third floor is vacant and is move in ready and can rent for $750.00 per month. Monthly cash flow potential of $2,500.00 per month! Immediate cash flow of $1,750 per month! This is a cash cow that will not last. Please allow 24 hour notice for all showings. Schedule a showing and submit your offer today. Due to the recent updates, property is being sold as is.

Last Agent to Sell the Property

Taneisha Moralis

(215) 500-1616 misstaneishamoralis@yahoo.com HomeSmart Realty Advisors Listed on: 01/21/2019

HomeSmart Realty Advisors

Last Buyer's Agent

Minh Nguyen-Rivera

(267) 628-8062 minht1989@gmail.com KW Empower

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $955

Year Built

  • Built in 1962

Lot Details

  • 1,575 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Straight Thru Architecture
  • Masonry

Utilities

  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 186
  • Assessor Parcel Number 041180600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$955

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: All appliances - as is
  • New Construction: No
  • Year Built: 1962
  • Remarks Public: Investor Alert! 3 story rare triplex on a quiet West Philadelphia Street! Property was recently updated and already has immediate cash flow. First floor is paying $900.00 (utilities included) with an active lease that expires December 2019. Second floor tenant is paying $850.00 per month (utilities included) and has an active lease that runs until September 2019. Both tenants intend to stay. Third floor is vacant and is move in ready and can rent for $750.00 per month. Monthly cash flow potential of $2,500.00 per month! Immediate cash flow of $1,750 per month! This is a cash cow that will not last. Please allow 24 hour notice for all showings. Schedule a showing and submit your offer today. Due to the recent updates, property is being sold as is.
  • Special Features: None

Interior Features

  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1242

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 57970.00
  • Land Assessed Value: 10230.00
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1575.00
  • Zoning: RM1

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 898651
  • School Tax: 524.00
  • Tax Annual Amount: 955.00
  • Assessor Parcel Number: 041180600
  • Tax Lot: 186
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 03/01/2019

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2025
Sold by
Montgomery Qiana C
Bought by
Montgomery Qiana C and Powell Marsha Jean
Current Estimated Value
$210,692

Purchase Details

Listed on
Jan 21, 2019
Closed on
Mar 8, 2019
Sold by
Kilby Real Estate Llc
Bought by
Montgomery Qiana
Seller's Agent
Taneisha Moralis
HomeSmart Realty Advisors
Buyer's Agent
Minh Nguyen-Rivera
KW Empower
List Price
$155,000
Sold Price
$150,000
Premium/Discount to List
-$5,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$112,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 5, 2017
Closed on
Nov 10, 2017
Sold by
Demchick Mark
Bought by
Kilby Real Estate Llc
Seller's Agent
Vector Cole
Cole's Real Estate Inc.
Buyer's Agent
Taneisha Moralis
HomeSmart Realty Advisors
List Price
$65,000
Sold Price
$68,000
Premium/Discount to List
$3,000
4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
82.09%
Original Mortgage
$80,000
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 2011
Sold by
Fannie Mae
Bought by
Demchick Mark

Purchase Details

Closed on
Nov 16, 2009
Sold by
Hueber Francis X
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Montgomery Qiana C -- Quick Abstract
Montgomery Qiana $150,000 Transfer Real Estate Intelli
Kilby Real Estate Llc $68,000 None Available
Demchick Mark $33,900 None Available
Federal National Mortgage Association $4,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Montgomery Qiana $24,999
Previous Owner Montgomery Qiana $112,500
Previous Owner Kilby Real Estate Llc $80,000
Previous Owner Hueber Francis X $101,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2019 03/01/19 Sold $150,000 -3.2% --
01/31/2019 01/31/19 Pending -- -- --
01/21/2019 01/21/19 For Sale $155,000 +127.9% --
11/06/2017 11/06/17 Sold $68,000 +4.6% $36 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
09/18/2017 09/18/17 For Sale $65,000 0.0% $34 / Sq Ft
09/05/2017 09/05/17 For Sale $65,000 -- $34 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $991 $195,600 $39,120 $156,480
2024 $991 $195,600 $39,120 $156,480
2023 $991 $70,800 $10,600 $60,200
2022 $991 $70,800 $10,600 $60,200
2021 $991 $0 $0 $0
2020 $991 $70,800 $10,620 $60,180
2019 $955 $0 $0 $0
2018 $733 $0 $0 $0
2017 $733 $0 $0 $0
2016 $734 $0 $0 $0
2015 $8,335 $0 $0 $0
2014 -- $85,300 $7,264 $78,036
2012 -- $9,280 $1,541 $7,739
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Taneisha Moralis

    HomeSmart Realty Advisors

    (215) 500-1616

    1 in this area

    23 Total Sales

    Taneisha Moralis
    Section Image
  • Minh Nguyen-Rivera

    Buyer's Agent in 2019

    Minh Nguyen-Rivera

    KW Empower

    (267) 628-8062

    108 Total Sales

    Minh Nguyen-Rivera
    Section Image

  • V

    Seller's Agent in 2017

    Vector Cole

    Cole's Real Estate Inc.

See All Agents

Map

Source: Bright MLS

MLS Number: PAPH512694

Bright MLS

APN: 041180600

Pennsylvania Philadelphia County Philadelphia 19131 Carroll Park

1242 N 55th St, Philadelphia, PA

This home is located at 1242 N 55th St, Philadelphia, PA 19131 since 21 January 2019 and is currently estimated at $210,692. This property was built in 1962. 1242 N 55th St is a home located in Philadelphia County with nearby schools including Overbrook High School, Universal Bluford Charter School, and Global Leadership Academy.

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