Investments Sales Management

Bi-level

50 S 60TH STREET

PHILADELPHIA, PA 19139

MLS#: PAPH2675614

$300,000

Status: Active
Listing number: PAPH2675614
Listing provided by: Keller Williams Realty Devon-Wayne
Listing agent phone: None
Last update: 5 days ago
On site: 6 days ago
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Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1925

Sq.Footage

2,745

Excellent Mixed-Use Investment Opportunity in a Prime Location! This well-positioned 3-story mixed-use property offers an excellent opportunity for an investor seeking multiple income streams and strong rental potential. The property features three income-producing units, including a street-level commercial storefront and two spacious 3-bedroom residential apartments. The commercial storefront is currently rented for $1,700/month, providing immediate income and excellent visibility in a high-traffic location. The two residential 3-bedroom apartments generate $1,000/month and $1,400/month, respectively, creating a total current gross rental income of $4,100 per month, or $49,200 annually. With a desirable mix of commercial and residential income, relatively low taxes and insurance, and strong rental demand in the area, this property offers an attractive opportunity for investors looking for cash flow and long-term potential. Conveniently located near the 60th Street Terminal, public transportation, shopping, restaurants and neighborhood amenities, the property benefits from excellent accessibility and visibility. Three income-producing units + $49,200 in current annual gross rental income + low operating costs = an excellent investment opportunity. Whether you're looking to add to your portfolio or seeking your first income-producing property, this property offers a compelling combination of location, income and investment potential.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2745.0

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.02

  • Lot Size(square feet)

    871

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Bi-level

Price

  • Sales Price

    $300,000

  • Tax Amount

    $2,682

  • Sq. Footage

    2,745

  • Price/SqFt

    $109

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Permanent

  • Water Source

    Public

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Listing Courtesy of SHARMEEN MUSSANI, Keller Williams Realty Devon-Wayne

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Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Excellent Mixed-Use Investment Opportunity in a Prime Location! This well-positioned 3-story mixed-use property offers an excellent opportunity for an investor seeking multiple income streams and strong rental potential. The property features three income-producing units, including a street-level commercial storefront and two spacious 3-bedroom residential apartments. The commercial storefront is currently rented for $1,700/month, providing immediate income and excellent visibility in a high-traffic location. The two residential 3-bedroom apartments generate $1,000/month and $1,400/month, respectively, creating a total current gross rental income of $4,100 per month, or $49,200 annually. With a desirable mix of commercial and residential income, relatively low taxes and insurance, and strong rental demand in the area, this property offers an attractive opportunity for investors looking for cash flow and long-term potential. Conveniently located near the 60th Street Terminal, public transportation, shopping, restaurants and neighborhood amenities, the property benefits from excellent accessibility and visibility. Three income-producing units + $49,200 in current annual gross rental income + low operating costs = an excellent investment opportunity. Whether you're looking to add to your portfolio or seeking your first income-producing property, this property offers a compelling combination of location, income and investment potential.

50 S 60TH STREET

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