Sheila Jones-Wilson - Coldwell Banker Hearthside
1637 S Broad St
PHILADELPHIA, PA 19148

$1,340,000

Description

Terrific opportunity to own a double property on south broad in one of the most desirable neighborhoods, Passyunk Avenue Square. This double property is ready to be developed to any extent the new owner would like. The first floor has been completely demised and ready for a new commercial tenant. It can also be configured for (2)-500sq ft. commercial units and 2 large (2) - bedroom units. Rents for 2- bedroom units range from 1600 to 2000 per month. 3 to 4 LEGAL parking spaces in the rear of the building with electric gated parking. The 2nd and 3rd floors on both properties contain existing nicely appointed 1-bedroom units. 1-bedroom units rent for 1100 - 1300 per month. The owner has architectural plans to convert them to large 2-bedroom 2 bath units on both properties. The total unit count could consist of: (6) - 2bedroom units and 2 smaller commercial spaces on the broad street corridor. Apartments 6 X 1800 = 10,800 per month Commercial space 2 x 600 = 1200 per month Total potential yearly 144,000 Plus, full basement for utilities, storage or coin operated washer dryers. Architectural Plans attached.

Details

MLS#1004461881
Sub-TypeResale
StatusActive
Year1968
Days On Site217

Features

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Market Activity 19148

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19148
Area19148 (19148)
Listing VS Median (in 19148)
Price:
$1,340,000
low | high
Med:
$258,000
100% of Average
On Site:
217
low | high
Med:
31
100% of Average
Listing Updated: 08/19/2018
MLS Number: 1004461881
Listing Provided By:
Joseph Siligato  of  Keller Williams Realty Center City

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