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Philadelphia,PA 19131
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision West Philadelphia
MLS Listing ID PAPH2537582
Year Built 1915
Annual Tax Amount $3,064
Tax Year 2024
Lot Size 2,086 Sqft
Acres 0.05
Lot Dimensions 20.00 x 101.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Imagine a bustling corner property in West Philadelphia, strategically upgraded and brimming with income potential. This isn't just a building, it's a smart investment opportunity. At a sprawling 4,191 square feet, this property features targeted improvements that add immediate value. On the ground floor, a well-established barbershop thrives and would like to stay. With its dedicated waiting area, barber parlor, and storage space, it's a cornerstone of the community. In the back, a one-bedroom apartment has been upgraded with new windows. The second-floor front unit is currently tenant-occupied, offering flexible space that could accommodate a two- or three-bedroom configuration with its own kitchenette and full bathroom. The real showstopper is the fully renovated second-floor rear apartment – completely upgraded with new floors, a modern kitchen, and abundant closet space for excellent storage. This one-bedroom unit offers steady income with a month-to-month lease. The third floor presents an exciting opportunity – currently a shell space that needs to be fitted out, but the possibilities are endless. This expansive area can be transformed into one spacious three-bedroom apartment, divided into two comfortable studios, or even creatively configured as three separate units. Buyers can use their creativity and resources to generate significant additional income from this flexible space. The building fire alarm system was certified. The electrical system was updated. Separate utilities for each unit keep things simple, and the extra-large basement with outside access hints at even more possibilities (verification recommended). With strategic upgrades already completed and established tenants in place, you're purchasing a property with immediate cash flow and upside potential. The convenient location is near transportation, schools, and shopping. Are you a visionary investor or a savvy entrepreneur? If you're ready to turn potential into profit, schedule your showing today (with at least 24 hours' notice). This income-producing West Philadelphia property awaits your final transformation.
Don't miss out – all offers will be presented.
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air,Hot Water,Radiator
Cooling None
Flooring Laminated
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871053100
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional,Private
Listing Terms Cash,Conventional,Private
Financing Cash,Conventional,Private
Special Listing Condition Standard