209 S 60th St , Philadelphia, PA 19139
Philadelphia, PA 19139
Description
This CMX3-zoned 2700sqft row home with an unfinished basement presents a lucrative investment opportunity, featuring a first-floor commercial unit with a pro forma rental rate of $1,500 to $2,000 per month, along with four legally zoned one-bedroom residential units upstairs, each offering rental potential between $900 and $1,000 per month. While structurally sound as verified by a structural engineer, the property does require a full renovation. Located in an Opportunity Zone, it provides potential tax-deferred benefits and a high 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. Estimated cost for reno will be range 150k-185k.
Details
| Mls | PAPH2414420 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 42 |
| Listing Provided By | BHHS Fox & Roach Wayne-Devon | Xiaohui Xie |
Features
| Sq Feet | 2,700 |
|---|---|
| Units | 4 |
| Zoning | CMX3 |
| Acreage | 0.03 |
Market Activity 19139
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19139 |
| Area | 19139 |
| School District | The School District Of Philadelp |
| Listing VS Median (in 19139) | |
Price: $199,000 low | high Med: $125,000 SqFt: 2,700 low | high Med: 1,450 $ / SqFt: $74 low | high Med: $86 On Site: 42 low | high Med: 91.000000 | |
