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MLS: #PAPH2655258, Listed By: Leonard Mogil, Anchor Realty Northeast, Source:Bright MLS

1501 E Cheltenham Avenue

PHILADELPHIA, PA 19124

$380,000 $1,602/Mo

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Overview

Bed

Bath

3,735

Sqft

0.06

Acre(Lot)

Description

Attention all investors: the opportunity is knocking! Do not miss this investment opportunity on the rather rare and spacious mixed-use Corner Property in a great location of the desirable Oxford circle, steps away from local shops, restaurants, and public transportation with easy access to Roosevelt Blvd, Bustleton and Frankford Avenues. This property offers a versatile combination of commercial and residential spaces for a great investment opportunity. It offers a prominent street-level presence with potential built-in signs you can put there at the entrance and its strategic corner location on the intersection of two well-known streets to enhance business exposure. This property consists of 2 attached residential single-family homes, and a mixed-use unit located in the basement which ca n serve a multiple variety of business such as but not limited to store-front, office space, storage facility, etc. All three units feature their own separate entrances. The 1501 E Cheltenham Ave: 2-leveled unit atop of a store-front commercial unit offers a straight-through main level with enclosed porch, Living room, Dining area and a kitchen, this unit’s second floor contains 3 bedrooms, a full hallway bathroom with ceramic tile flooring. The home features wall to wall carpets, and a neutral décor. The other residential unit, 1503 E Cheltenham Ave, is pretty much similar to the first one, but there is a good-sized covered patio upfront, instead of the “1501’s” enclosed porch, followed by the entrance door into the property. The former business space unit is rather large, open layout main room space with the secured gate entrance, plenty of shelving stands, wall shelves, counter spaces, enclosed space with the register and a vanity sink to compliment conducting of a business from this location. Also there are multiple storage rooms in the back with more shelving units and a powder room. The commercial space is centrally air-cooled for the convenience of customers. Additionally, this property has a driveway in the back for the off-street parking. NOTE: All these three units are sold together in one RE transaction and cannot be separated. 1501 E Cheltenham Ave: occupied on the month-to-month basis 1503 E Cheltenham Ave: still has a yearly Lease until 03/31/27 Mixed-use basement is vacant The residential units are still occupied with nice, good-paying tenant that are current on their rents. This property is being sold AS-IS, WHERE-IS with the existing Residential Leases being transferred to the Buyer at the Settlement. It is requires some love and updating but has lots of great potential. The mixed-use basement still has all the shelving units and equipment that for the right price can be negotiated to be included in the Sale. The Price is firm, but very reasonable for a quick sale. Lowball offers would not be accepted nor considered.

Property Details

Property Type : Residential Income

Price : $380,000

AD Id : 89014380

MLS Id : PAPH2655258

Beds : 6

Lot Size : 0.06 Acre

Living Area Size : 3,735

Year Built : 1945

County : PHILADELPHIA

Subdivision: Oxford Circle

Map

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Features

Bedroom Information

Total beds: 6

Room Information

Has Basement: Yes Basement: Exterior Entry, Full, Other
Interior Features

Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Radiant Has Cooling: Yes Cooling: None, Gas

Building Information

Year Built: 1945 Building Area Total: 3735 Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 30.00 x 86.00 Lot Size Acres: 0.06 Lot Size Source: Assessor Lot Size Square Feet: 2602

Property Information

Subdivision: OXFORD CIRCLE Source Property Type: Residential Income Postal Code Plus 4: 1103 Property SubType: Townhouse Property Age: 81

Listing Price Information

Listing Price: $380000

Tax Information

Parcel Number: 871583880 Tax Lot: 138 Tax Year: 2026 Annual Tax: $4704

Parking Information

On Street, Driveway

Location Information

Direction: Traveling East in the exterior lane of a Roosevelt Blvd take an Oxford Circle to the Right, make a Right turn onto Cheltenham Ave, go further for a couple of short blocks, this corner property is located on your Left hand-side passed the intersection of E. Cheltenham Ave and Horrocks St. WaterSource: Public

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Nearby Home Value

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4843 Duffield Street, Philadelphia, PA, 19124	$300,000	--	--	--
4461 Leiper Street, Philadelphia, PA, 19124	$90,000	3	1	1,362	1,362 SqFt
4295 Griscom Street, Philadelphia, PA, 19124	$139,900	3	2	1,470	1,470 SqFt

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