Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
1915
Sq.Footage
2,850
Prime Investment Opportunity in the growing neighborhood near Brewerytown/Strawberry Mansion. This 2-story corner property spans 2,850 sq/ft and has zoning approval for 5 units, offering multiple income streams. Blueprints are in place for the configuration of the property which consists of (2) ground-floor commercial units and (3) residential apartments—(1) one-bedroom and (2) two-bedroom units. The building is in shell condition and will need a full rehab from top to bottom. Blueprints and zoning approval are readily available. The possibilities with this property are endless. It can be completed and held as a cash-flowing asset or a fix-and-flip opportunity, allowing for a profitable resale after renovations. An owner-user could live in one of the residential units while generating rental income from the others to cover the mortgage payment. Or even a business can purchase the property and have all the other units cover the mortgage to reduce overhead costs and increase profits. Located in the rapidly growing neighborhood near Brewerytown/Strawberry Mansion, this property offers strong appreciation potential and multiple exit strategies. Schedule a showing today to explore this excellent investment opportunity.
Features & Amenities
Interior
-
Total Bedrooms
5
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.03
-
Property Type
Residential Income
-
Architectural Style
Traditional
Exterior
-
Garage
No
-
Parking
On Street
Financial
-
Sales Price
$234,900
-
Tax Amount
1114.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Maria Maria Quattrone Quattrone , RE/MAX @ HOME
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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