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Key Details
Sold Price $880,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,694 sqft
Price per Sqft $326
Subdivision Washington Sq West
MLS Listing ID PAPH786744
Sold Date 07/02/19
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $7,560
Tax Year 2019
Lot Size 1,025 Sqft
Acres 0.02
Lot Dimensions 16.66 x 61.50
Property Description
Incredible opportunity to purchase a blue chip investment multi-unit property in the heart of Jefferson Hospital Campus and Washington Square West! This mixed use property is zoned CMX1 and offers tremendous upside and value add through cosmetic updating and increasing the drastically low rents. The first floor is a commercial unit that was recently vacated and is waiting for you to update and bring in a fantastic new commercial tenant. The 2nd floor is a 1 bed/1 bath with hardwood flooring, all electric appliances, including washer/dryer in-unit. Unit 2 is rented at only $1250/mo with the current tenant leaving at the end of May. Unit 3 is a bi-level 1 bed/1.5 bath apartment with hardwood flooring, all electric appliances including washer and dryer. It is currently rented at only $1,050/mo and is on a month-to-month basis. This property is in the middle of it all! Don't miss out on the opportunity to update this property and increase both rents and value! All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Private Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871063400
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Carrie S Waterman • Compass RE