209 S 60TH ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19139
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $92
MLS Listing ID PAPH2546388
Style Traditional
Abv Grd Liv Area 2,700
Year Built 1915
Annual Tax Amount $998
Tax Year 2023
Lot Size 1,200 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
This CMX3-zoned 2700sqft rowhome with an unfinished basement presents a lucrative investment opportunity, featuring a first-floor commercial unit with a pro forma rental rate of $2,000 per month, along with FOUR legally zoned one-bedroom residential units upstairs, each offering rental potential between $1,000+ per month. While structurally as verified by a structural engineer which the bone still in a good shape, but the property does REQUIRE a FULLY RENOVATION. Located in an OPPOTUNITY ZONE, it provides potential tax-deferred benefits and a higher ROI. The area is also seeing significant improvement initiatives led by HUD. This property will be available soon, and only cash or construction loans will be accepted. Showings are by appointment only, FLASH LIGHT is needed, please with additional time needed for seller response while seller travel internationally. Please do your own due diligent for the reno cost. Apts have different entrance with the commercial space.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX3
Interior
Hot Water Natural Gas
Heating None
Cooling None
Inclusions SOLD AS-IS.
Fireplace N
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar,Other
Above Ground Finished SqFt 2700
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871049500
Ownership Fee Simple
SqFt Source 2700
Acceptable Financing Cash,FHA 203(k)
Listing Terms Cash,FHA 203(k)
Financing Cash,FHA 203(k)
Special Listing Condition Standard