UPDATED:
10/03/2024 03:27 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Under Contract
Purchase Type For Sale
Square Footage 1,536 sqft
Price per Sqft $52
Subdivision Allegheny West
MLS Listing ID PAPH2362008
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $897
Tax Year 2024
Lot Size 732 Sqft
Acres 0.02
Lot Dimensions 16.00 x 46.00
Property Description
The first-floor unit features 2 bedrooms, 1 bathroom, a kitchen, and a living area, with a history of renting for $800 per month. The second-floor unit includes 3 bedrooms, 1 bathroom, and was previously rented for $950 per month. Both units have separate entrances, ensuring privacy and convenience for tenants. Additionally, the property boasts a finished basement, offering extra storage or recreational space.
This property is ideal for someone looking for a fixer-upper, providing the option to live in one unit while renting out the other to reduce living expenses and build equity. Alternatively, it’s a great opportunity for investors looking to expand their rental portfolio. Zoned as CMX-1, the property also offers the possibility of operating a business on the first floor while renting out the second floor, further enhancing its versatility and potential.
Experience the vibrant lifestyle of Allegheny West with a variety of nearby dining options, including Boos' Double Down Lounge, Favor's, Good Garden Restaurant, and Allegheny West Restaurant. Families will appreciate the proximity to educational institutions such as Thomas M Pierce School, Rhodes E Washington School, Mercy Career & Technical High School, and New Harvest Christian Academy. For grocery needs, Pacific Fish & Produce, Yaindhi Grocery Best Hoagies, and Philly Foodworks are conveniently located nearby.
Commuting is convenient with the Allegheny stop on the Manayunk/Norristown Line only 10 minutes away, providing quick access to the city. Nature enthusiasts will enjoy nearby parks, including the historic Connie Mack Stadium, scenic Reyburn Park, and tranquil Fernhill Park. This property offers a perfect balance of convenience, community, and comfort.
With a total monthly rental income potential of $1,750, this property presents a solid investment. Its proximity to public transportation, schools, parks, shopping centers, and dining options enhances its appeal. Don’t miss out on this prime investment opportunity. Contact us today for more information or to schedule a viewing. Please note, the buyer will be responsible for obtaining the Use and Occupancy (U&O) permit.
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
View Street
Accessibility None
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 381133000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
