Thank you
Piruz Partow
Select Commercial Advisors
215-315-3326
INVESTORS BEHOLD! 332 N 62nd Street is a golden opportunity for savvy investors seeking a lucrative addition to their portfolio. This property is also perfect for the beginning investor looking for their first investment. The property is part of a six unit portfolio. Here's what makes this investment stand out: **Income Potential:** This multi-unit property boasts 4 spacious units, each offering comfortable living spaces and modern amenities. Whether you're targeting long-term renters or looking to live in one of the units and rent the others, the income potential is substantial. With competitive rental rates in the area and increasing demand for housing, you can expect a consistent cash flow and attractive returns on your investment. **Value-Add Opportunity:** While the property is already generating income, there's ample room for value enhancement. With a strategic renovation or upgrade plan, you can maximize rental income and increase property value. Whether it's modernizing interiors, enhancing curb appeal, or adding amenities, the potential for appreciation is significant. The property does already have a State of the Art Security System with electronic entry and a full sprinkled interior with an up to date fire alarm system. **Prime Location:** Situated in the vibrant and rapidly developing Haddington neighborhood of Philadelphia, this property is strategically positioned to capitalize on the growth of West Philadelphia. It is a short walk to the Market/Frankford 63rd street station. The #30 & #31 buses are steps away. There is easy access to major transportation routes, as well as, all of the renowned West Philadelphia universities, employment hubs, and a plethora of amenities. This location is highly desirable for tenants seeking convenience and connectivity. Very close to Haddington Woods and Cobbs Creek Park. Wonderful restaurants are within walking distance: Jim’s Steaks West, 5-Star Jamaican, Morronne’s Water Ice etc. **Stable Market Dynamics:** West Philadelphia's real estate market has demonstrated resilience and stability, making it an ideal environment for investors seeking long-term growth. With a diverse economy, a thriving job market, and a steady influx of residents, the demand for rental properties remains robust. **Investment Highlights:** - Multi-unit property with 4 units - Prime location in the heart of Philadelphia, PA - Strong rental demand and competitive rental rates - Value-add opportunities for increased cash flow and appreciation - Stable and growing real estate market with favorable investment conditions 332 N 62nd Street offers an exceptional blend of potential and profitability.
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Water Source : Public
Basement Description: Improved
Cooling: Central A/C
Heating: 90% Forced Air
Cooling Fuel: None
Heating Fuel: Natural Gas
Year Built: 1915
Structure: Interior Row/Townhouse
New Construction: No
Total Units: 4
Built: 1915
Construction Material: Masonry
Foundation/Basement: Other
Architecture: AirLite
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 1,911
Dimensions: 16.00 x 122.00
Lot Size (Acres): 0.04
Architectural Style: AirLite
Main Square Feet: 1,911
SQ ft: 1,880
SQ ft (Living Area): 1,880
Total Lot SQ ft: 1,911
Financing: Conventional,FHA,Cash,VA
Appx. Lot Dimensions: 16.00 x 122.00
Total Acreage: 0.04
New Construction: No
Type: AirLite
Possession: Immediate
Days Of Market: 15
Annual Tax: $1,947
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Immediate
Taxes Assessment Amount: $139,100
Parking Type: On Street
Has Garage: N
Acceptable Financing: Conventional,FHA,Cash,VA
Direction: From the intersection of Haverford Ave and Girard Ave: Head west on W Girard Ave toward Haverford Ave/SR 3018/State Rte 3018 Turn left onto N 61st St Turn right onto Noble St Turn left onto N 62nd St
School District: PHILADELPHIA CITY
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: None
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Direction: From the intersection of Haverford Ave and Girard Ave: Head west on W Girard Ave toward Haverford Ave/SR 3018/State Rte 3018 Turn left onto N 61st St Turn right onto Noble St Turn left onto N 62nd St
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5250 Walnut Street , Philadelphia, PA,19139 | $130,000 | -- | -- | 1,380 | 1380 Sqft |
13 N Lindenwood Street , Philadelphia, PA,19139 | $41,900 | -- | -- | 1,114 | 1114 Sqft |
5910 Spring Street , Philadelphia, PA,19139 | $35,000 | -- | -- | 960 | 960 Sqft |
124 N Felton Street , Philadelphia, PA,19139 | $117,500 | -- | -- | 1,232 | 2000 Sqft |
5125 Brown Street , Philadelphia, PA,19139 | $59,000 | -- | -- | 1,350 | 1350 Sqft |
9 S Conestoga Street , Philadelphia, PA,19139 | $50,000 | -- | -- | 736 | 736 Sqft |
6243 Market Street , Philadelphia, PA,19139 | $74,900 | -- | -- | 1,472 | 1472 Sqft |
5110 Funston Street , Philadelphia, PA,19139 | $19,000 | -- | -- | 780 | 780 Sqft |
5715 Arch Street , Philadelphia, PA,19139 | $215,000 | 4 | 2.0 | 1,632 | 3075 Sqft |
5924 Market Street , Philadelphia, PA,19139 | $125,000 | -- | -- | 1,336 | 1336 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 02:55
MLS: PAPH2338956
LISTED BY: Piruz Partow , Select Commercial Advisors
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.75%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.