Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1930
Sq.Footage
1,548
Solid corner-lot mixed-use investment opportunity in the Nicetown section of North Philadelphia. This 1930-built masonry building sits on a 3,733 sf RM1-zoned corner lot (44' x 85') and offers a turnkey income stream across four units. The property comprises two ground-floor commercial spaces and two second-floor residential apartments, Residential units are comprised of 1 - one bedroom/1 bath apartment and 1 - two bedroom/1 bath apartment. All four units are currently occupied, generating combined actual monthly rent of $3,700($1,000 (C), $1,000 (C), $850 (R), and $850 (R) per unit). A corner location and mixed commercial/residential configuration make this a versatile addition to an investment portfolio. Only serious buyers with submitted proof of funds and 48 hours notice will be permitted showings to minimize disturbance to the both residential and commercial tenants. This property is strictly As-Is. Buyers should independently verify zoning compliance, use registration, and any required permits or licenses for their intended use of the commercial units with the City of Philadelphia Department of Licenses & Inspections prior to settlement.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
1548.0
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Natural Gas, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.09
-
Lot Size(square feet)
3733.0
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Traditional
Price
-
Sales Price
$400,000
-
Tax Amount
$2,005
-
Zoning
Residential Multi Family
-
Sq. Footage
1, 548
-
Price/SqFt
$258
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Brick/Mortar
-
Sewer
Public Sewer
-
Tax Lot
170
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Leah Janine Burnett , HomeSmart Realty Advisors
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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