Philadelphia, PA 19139,50 S 60TH ST
Philadelphia, PA 19139,50 S 60TH ST
Philadelphia, PA 19139,50 S 60TH ST
Philadelphia, PA 19139,50 S 60TH ST
Philadelphia, PA 19139,50 S 60TH ST
Philadelphia, PA 19139,50 S 60TH ST
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$182,000

$175,000

4.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2,745 SqFt


SOLD DATE : 10/03/2024

Key Details

Sold Price $182,000

Property Type Multi-Family

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

Sold Date 10/03/24

Style Straight Thru

Abv Grd Liv Area 2,745

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $2,595

Tax Year 2022

Lot Size 1,084 Sqft

Acres 0.02

Lot Dimensions 15.00 x 72.00

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

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871049850

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA 203(k)

Listing Terms Cash, Conventional, FHA 203(k)

Financing Cash,Conventional,FHA 203(k)

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jania Daniels • Real of Pennsylvania
Bought with Mohammed Siddiquee • RE/MAX Preferred - Newtown Square
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