209 S 60TH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19139
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $73
MLS Listing ID PAPH2414420
Style Traditional
Abv Grd Liv Area 2,700
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $998
Tax Year 2023
Lot Size 1,200 Sqft
Acres 0.03
Property Description
This CMX3-zoned 2700sqft row home with an unfinished basement presents a lucrative investment opportunity, featuring a first-floor commercial unit with a pro forma rental rate of $1,500 to $2,000 per month, along with four legally zoned one-bedroom residential units upstairs, each offering rental potential between $900 and $1,000 per month. While structurally sound as verified by a structural engineer, the property does require a full renovation. Located in an Opportunity Zone, it provides potential tax-deferred benefits and a high ROI. The area is also seeing significant improvement initiatives led by HUD. This property will be available soon, and only cash or construction loans will be accepted. Showings are by appointment only, flash light is needed, please with additional time needed for seller response. Estimated cost for reno will be range 150k-185k.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX3
Interior
Hot Water Natural Gas
Heating None
Cooling None
Fireplace N
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar,Other
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871049500
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,FHA 203(k)
Listing Terms Cash,FHA 203(k)
Financing Cash,FHA 203(k)
Special Listing Condition Standard