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Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $187
Subdivision Melrose
MLS Listing ID PAPH2339292
Sold Date 10/02/24
Style Straight Thru
Abv Grd Liv Area 1,600
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $3,939
Tax Year 2023
Lot Size 960 Sqft
Acres 0.02
Lot Dimensions 16.00 x 60.00
Property Description
This commercial mixed-use property offers versatile opportunities for various business endeavors. The first floor boasts a spacious office space with a kitchen and half bathroom, currently utilized for personal use. It was was once used as a professional office space. With appropriate use variances, it can easily be adaptable for professional purposes such as a variety store, restaurant, a second apartment or other commercial ventures. On the second floor, there's a spacious two bedroom apartment with a separate living room, kitchen and full bathroom. Additionally, the convenience of a washer and dryer in the kitchen adds value to the living space. Currently, there's a tenant occupying the apartment on a month-to-month lease, paying $1,000 monthly. The tenant is responsible for covering all utilities, making this an appealing investment opportunity with immediate rental income. With its flexible layout and established rental income, this property presents an attractive option for investors or business owners seeking a versatile commercial space. Finally, the first floor has interior access to a finished basement, further enhancing its appeal and potential uses by providing extra space for storage, additional office space, or even potential expansion of the living area. This feature adds to the property's versatility and value, making it an even more attractive investment opportunity for prospective buyers or business owners looking to maximize space utilization.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Foundation Concrete Perimeter
Sewer Private Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871534290
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash, FHA, Other
Listing Terms Conventional, Cash, FHA, Other
Financing Conventional,Cash,FHA,Other
Special Listing Condition Standard
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Bought with Matthew Williams • KW Empower