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Key Details
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,745 sqft
Price per Sqft $66
MLS Listing ID PAPH2379562
Sold Date 10/03/24
Style Straight Thru
Abv Grd Liv Area 2,745
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $2,595
Tax Year 2022
Lot Size 1,084 Sqft
Acres 0.02
Lot Dimensions 15.00 x 72.00
Descripción de la propiedad
Back on the market after multiply offers were received in the 1st week. Don't miss your opportunity the 2nd time around, now is your chance. Discover West Philly's prime investment property at 50 S. 60th St. This substantial 2700+ square foot building presents a unique opportunity for savvy investors. The ground floor boasts an 800 square foot commercial space, ideal for a variety of retail or service businesses. This space, combined with the building’s prime location on a bustling West Philadelphia commercial corridor, offers immense potential for rental income or business ownership.
Upstairs, two spacious residential units, each featuring 3 bedrooms and 1 bathroom, provide additional income streams. With a little TLC, these units can be transformed into highly desirable rental properties. The property is being sold "as is," allowing investors to maximize their return by customizing the space to suit their vision.
With a strategic investment of approximately $125,000, this property can be revitalized into a high-yielding asset. Rental potential of $4,500/month based on current market rent, and the housing department. Comps around the corner sold for $400k, so priced with equity potential. Don't miss this chance to capitalize on the thriving West Philadelphia market. Contact us today to schedule a viewing and unlock the full potential of this multi-family gem.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX3
Interior
Hot Water Electric
Heating Radiator
Cooling None
Flooring Luxury Vinyl Tile
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871049850
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA 203(k)
Listing Terms Cash, Conventional, FHA 203(k)
Financing Cash,Conventional,FHA 203(k)
Special Listing Condition Standard
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Bought with Mohammed Siddiquee • RE/MAX Preferred - Newtown Square