$ 182,000 $ 175,000 4.0%

50 S 60TH ST

Philadelphia, PA 19139

  • 2,745 SqFt
  • 1,084 Lot Size
  • 1925 Year Built
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.
Listed by Real of Pennsylvania , Sold By RE/MAX Preferred - Newtown Square

PROPERTY DETAIL

  • Key Details

    Sold Price $182,0004.0%

    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

    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 Sub-Type Interior Row/Townhouse

    Source BRIGHT

  • Location

    State PA

    County Philadelphia

    Area 19139 (19139)

    Zoning CMX3

  • Building

    Foundation Slab

    Above Ground Finished SqFt 2745

    Sewer Public Sewer

    Water Public

    Architectural Style Straight Thru

    Additional Building Above Grade, Below Grade

    Structure Type Dry Wall

    New Construction N

  • 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

  • Schools

    School District The School District Of Philadelphia

  • Others

    Tax ID 871049850

    Ownership Fee Simple

    SqFt Source 2745

    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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