507 COBBS CREEK PKWY new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19143
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,791 sqft
Price per Sqft $157
Subdivision Cobbs Creek
MLS Listing ID PAPH2510282
Style Traditional
Abv Grd Liv Area 1,867
Year Built 1925
Annual Tax Amount $1,380
Tax Year 2024
Lot Size 1,794 Sqft
Acres 0.04
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Over 2700SqFt Fully Renovated Legal Duplex in Cobbs Creek – Ideal for Investors / Owner-Occupants! Welcome to 507 Cobbs Creek Parkway — a completely renovated, park facing duplex offering modern living, strong rental income potential, and the opportunity to live in one unit while renting the other. Perfectly suited for both savvy investors and first-time buyers, this turnkey property features a large 3 bedroom, 2.5 bath and a spacious 2-bedroom 1 bath unit. Each unit was thoughtfully updated with high-end finishes and contemporary comfort in mind. If you're an investor, this handsome asset will be your best yet. All systems were updated with the renovation. All utilities are separately metered. Property values in the 19143 Zip code have increased by 15.5% year over year. The city has invested $15+ million into the improvement of the Cobbs Creek recreation center, and nearby parks and trails. The future is bright. Owner Occupants! Enjoy an expansive living room and kitchen for your use, with enough cabinet, counter and table space for your family and future hosting. The basement unit has a separate entrance. Can someone say house hack? Life is sweet. Property Highlights: Each unit boasts brand-new kitchens with quartz countertops, stainless steel appliances (refrigerator, microwave, oven), sleek, fully updated bathrooms, new roof, new plumbing, upgraded electric, and all renovations were fully permitted and approved by the City of Philadelphia — this is a legal duplex. Comfort & Efficiency: Brand-new HVAC systems and recessed lighting throughout, along with durable vinyl plank flooring and energy-efficient new windows. Convenience: Washer/dryer plug ins in each unit, open-concept layouts, and separate electrical systems with 125-amp service. Parking & Outdoor Space: Ample street parking along Cobbs Creek Parkway and nearby cross streets. Unit 1 enjoys access to rear parking and a private rear deck for outdoor enjoyment. Tax Abatement Approved: Take advantage of long-term tax savings. Strong Investment Potential for passive income: Estimated annual rental income of $40,800. Located in the desirable Cobbs Creek section of West Philadelphia, this duplex offers excellent access to public transportation (the El line is a 13 minute walk away, the 42, 46 and 21 buses are 2-5 blocks away. The house is across the street from the picturesque Cobbs Creek Parkway, local parks, and nearby shopping and dining. Whether you're looking to invest or settle into a home that pays for itself, 507 Cobbs Creek Pkwy delivers quality, value, and flexibility. Schedule your tour today!
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RM1
Rooms
Basement Fully Finished
Interior
Interior Features Dining Area,Floor Plan - Open,Kitchen - Gourmet,Walk-in Closet(s)
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Luxury Vinyl Plank
Equipment Refrigerator,Stove,Microwave
Fireplace N
Window Features Energy Efficient
Appliance Refrigerator,Stove,Microwave
Heat Source Natural Gas
Exterior
Utilities Available Electric Available,Natural Gas Available,Sewer Available,Water Available
Water Access N
View Creek/Stream,Park/Greenbelt,Trees/Woods
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 032255200
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Bank Portfolio,Cash,FHA,VA
Listing Terms Bank Portfolio,Cash,FHA,VA
Financing Bank Portfolio,Cash,FHA,VA
Special Listing Condition Standard