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Key Details
Sold Price $1,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Passyunk Square
MLS Listing ID 1004437025
Sold Date 09/25/18
HOA Y/N N
Originating Board TREND
Year Built 1968
Annual Tax Amount $5,062
Tax Year 2018
Lot Size 1,968 Sqft
Acres 0.05
Lot Dimensions 16X123
Property Description
Terrific opportunity to own a double property on south broad in one of the most desirable neighborhoods, Passyunk Avenue Square. This double property is ready to be developed to any extent the new owner would like. The first floor has been completely demised and ready for a new commercial tenant. It can also be configured for (2)-500sq ft. commercial units and 2 large (2) - bedroom units. Rents for 2- bedroom units range from 1600 to 2000 per month. 3 to 4 LEGAL parking spaces in the rear of the building with electric gated parking. The 2nd and 3rd floors on both properties contain existing nicely appointed 1-bedroom units. 1-bedroom units rent for 1100 - 1300 per month. The owner has architectural plans to convert them to large 2-bedroom 2 bath units on both properties. The total unit count could consist of: (6) - 2bedroom units and 2 smaller commercial spaces on the broad street corridor. Apartments 6 X 1800 = 10,800 per month Commercial space 2 x 600 = 1200 per month Total potential yearly 144,000 Plus, full basement for utilities, storage or coin operated washer dryers. Architectural Plans attached.
Location
State PA
County Philadelphia
Area 19148 (19148)
Zoning CMX2
Rooms
Other Rooms Primary Bedroom
Interior
Fireplace N
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871183500
Ownership Fee Simple
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Bought with Kaijie Zhao • Philly Real Estate