$182,000
$175,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
50 S 60TH ST Philadelphia, PA 19139
2,745 SqFt
Key Details
Sold Price $182,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,745 sqft
Price per Sqft $66
MLS Listing ID PAPH2379562
Style Straight Thru
Year Built 1925
Annual Tax Amount $2,595
Tax Year 2022
Lot Size 1,084 Sqft
Property Description
Back on the market after multiply offers were received in the 1st week. Don't miss your opportunity the 2nd time around, now is your chance. Discover West Philly's prime investment property at 50 S. 60th St. This substantial 2700+ square foot building presents a unique opportunity for savvy investors. The ground floor boasts an 800 square foot commercial space, ideal for a variety of retail or service businesses. This space, combined with the building?s prime location on a bustling West Philadelphia commercial corridor, offers immense potential for rental income or business ownership.
Upstairs, two spacious residential units, each featuring 3 bedrooms and 1 bathroom, provide additional income streams. With a little TLC, these units can be transformed into highly desirable rental properties. The property is being sold "as is," allowing investors to maximize their return by customizing the space to suit their vision.
With a strategic investment of approximately $125,000, this property can be revitalized into a high-yielding asset. Rental potential of $4,500/month based on current market rent, and the housing department. Comps around the corner sold for $400k, so priced with equity potential. Don't miss this chance to capitalize on the thriving West Philadelphia market. Contact us today to schedule a viewing and unlock the full potential of this multi-family gem.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX3
Interior
Hot Water Electric
Heating Radiator
Cooling None
Flooring Luxury Vinyl Tile
Exterior
Water Access N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash, Conventional, FHA 203(k)
Listing Terms Cash, Conventional, FHA 203(k)
Special Listing Condition Standard
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Bought with Mohammed Siddiquee • RE/MAX Preferred - Newtown Square