Thank you
Celenia Martinez
Quality Real Estate-Broad St
215-457-2600
Welcome to an exceptional investment opportunity situated in the heart of Germantown Ave, Philadelphia! This distinguished property, zoned as CMX2, offers a blend of commercial and residential space, presenting an enticing prospect for savvy investors and developers. Nestled in the vibrant hub of Germantown Ave, this property enjoys high visibility and foot traffic, contributing to its commercial potential.The first floor boasts a long-term tenant occupying a well-established barbershop. With over 15 years of occupancy, this steady income source generates $1,050 per month, showcasing stability and reliability.The upper levels feature a bi-level apartment spanning the second and third floors. This versatile space comprises 3 bedrooms, a comfortable living area, an eat-in kitchen, and a full bathroom. Ideal for potential renters seeking a spacious and accommodating living arrangement in a bustling neighborhood.While the property may require some refurbishment and updates, it presents an exceptional investment opportunity. With the right vision and improvements, this property has the potential to increase its value significantly.Whether you're an investor looking to hold and generate steady rental income from the existing setup or a developer keen on rehabilitating and flipping the property for a substantial profit, this versatile space caters to various investment strategies.Located in a lively neighborhood with diverse businesses, restaurants, and amenities nearby, ensuring convenience and attraction for both commercial and residential occupants.The CMX2 zoning allows for a range of commercial uses, encouraging flexibility and diverse business opportunities for potential buyers. With its proximity to Germantown Ave, an area experiencing revitalization and growth, this property holds the promise of increased value over time.This property invites those with a discerning eye for real estate opportunities. Whether you aim to enhance its current offerings or reimagine its potential, the possibilities here are vast.Seize this chance to invest in a property with an established income stream, residential potential, and significant upside. Contact us today to explore this captivating opportunity on Germantown Ave and embark on a rewarding real estate venture!
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Water Source : Public
Patio/Porch Features: Brick,Roof
Dining Area,Family Room Off Kitchen,Floor Plan - Traditional,Formal/Separate Dining Room,Kitchen - Eat-In,Recessed Lighting,Skylight(s),Tub Shower,Wood Floors,Other
Roof : Flat
Exterior Property Features : Exterior Lighting,Flood Lights,Satellite Dish,Sidewalks,Street Lights,Other
Basement Description: Poured Concrete
Property Appliances: Stove
Flat
Cooling: None
Heating: 90% Forced Air
Cooling Fuel: None
Heating Fuel: None
Exterior Features: Exterior Lighting,Flood Lights,Satellite Dish,Sidewalks,Street Lights,Other
Year Built: 1915
Structure: Interior Row/Townhouse
Major Appliances: Stove
New Construction: No
Total Units: 2
Built: 1915
Construction Material: Masonry,Brick,Concrete,Other
Security System: Carbon Monoxide Detector(s),Smoke Detector
Roof: Flat
Foundation/Basement: Brick/Mortar
Architecture: Straight Thru,Dwelling w/Separate Living Area,Split Level,Traditional,Transitional,Other
Pool/Private: No Pool
Roof Type: Flat
Utilities: Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric,Natural Gas
Lot Size: 1,726
Dimensions: 17.00 x 103.00
Lot Size (Acres): 0.04
Architectural Style: Straight Thru,Dwelling w/Separate Living Area,Split Level,Traditional,Transitional,Other
Main Square Feet: 1,726
SQ ft: 2,362
SQ ft (Living Area): 2,362
Total Lot SQ ft: 1,726
Subdivision: GERMANTOWN
Financing: Cash,Conventional
Appx. Lot Dimensions: 17.00 x 103.00
Total Acreage: 0.04
New Construction: No
Type: Straight Thru,Dwelling w/Separate Living Area,Split Level,Traditional,Transitional,Other
Possession: Immediate,0-30 Days CD
Days Of Market: 141
Annual Tax: $2,031
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Immediate,0-30 Days CD
Taxes Assessment Amount: $145,100
Parking Type: On Street
Has Garage: N
Acceptable Financing: Cash,Conventional
Roof: Flat
Direction: USE GPS
Elementary School: EDWARD T STEEL SCHOOL
Middle OR Junior School: GROVER CLEVELAND SCHOOL
High School: SIMON GRATZ
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: None
Heating Fuel: None
Hot Water: Electric,Natural Gas
Direction: USE GPS
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1433 W Cayuga Street , Philadelphia, PA,19140 | $35,000 | -- | -- | 1,994 | 1994 Sqft |
3308 N 15th Street , Philadelphia, PA,19140 | $60,000 | -- | -- | 2,126 | 2126 Sqft |
1628 W Victoria Street , Philadelphia, PA,19140 | $45,000 | 3 | 1.0 | -- | 784 Sqft |
1616 W Ontario Street , Philadelphia, PA,19140 | $80,000 | 3 | 1.0 | 1,140 | 1200 Sqft |
1501-03-05 W Cayuga St , Philadelphia, PA,19140 | $64,900 | -- | -- | 4,275 | 4275 Sqft |
1837 W Erie Avenue , Philadelphia, PA,19140 | $70,000 | -- | -- | 1,552 | 1552 Sqft |
3418-22 N 17th St , Philadelphia, PA,19140 | $285,000 | -- | -- | 5,703 | 5703 Sqft |
1835 W Erie Avenue , Philadelphia, PA,19140 | $70,000 | -- | -- | 1,552 | 1552 Sqft |
4009 Nice Street , Philadelphia, PA,19140 | $19,900 | -- | -- | 2,326 | 2326 Sqft |
3522 Old York Road , Philadelphia, PA,19140 | $49,950 | -- | -- | 1,318 | 1318 Sqft |
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ByOwner last updated this listing 05/05/2024 @ 11:59
MLS: PAPH2300684
LISTED BY: Celenia Martinez , Quality Real Estate-Broad St
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
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.