$250,000 $1,342 est/mo Sourced by Back At You

1622 W Erie Ave,Philadelphia, PA 19140

Philadelphia PA, 19140

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Description

Introducing an exciting investment opportunity at 1622 W Erie Ave - an investor's special awaiting your creative touch! This property offers tremendous potential with four units awaiting a complete rehab to transform them into lucrative income-generating assets. Featuring a mix of unit types including a spacious two-bedroom, two cozy one-bedroom apartments, and a convenient efficiency unit, this property caters to a variety of tenant needs. Although in need of renovation, the first floor unit boasts a separate entrance for added privacy and convenience, as well as access to a rooftop deck - the perfect space to reimagine into a stunning outdoor retreat for residents to enjoy. Parking is made easy with a private party garage, providing secure storage for vehicles or the opportunity to convert into additional living space, subject to appropriate approvals. Located less than a mile from Temple Hospital and the School of Medicine, as well as being within close proximity to the bus depot and subway, this property offers convenience and accessibility for potential tenants. Furthermore, situated in an up-and-coming neighborhood with plans for a hotel development less than a mile away, this investment holds promise for future appreciation and growth potential. Don't miss out on this opportunity to breathe new life into 1622 W Erie Ave and capitalize on the potential for significant returns in this dynamic market.

Details

MLS#PAPH2345624
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1930
Days On Site56
Listing Provided ByMarvin Capps Realty Inc | Toni Glover
Buying Commision2.5% Of Gross
Listing CommissionOf Gross

Features

SQ Feet2,604
Garage1
BasementY
ZoningRSA5
Acreage0.03

Market Activity 19140

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Learn More About This Property

StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19140
Area19140
School DistrictPhiladelphia City
Listing VS Median (in 19140)
Price:
$250,000
low | high
Med:
$120,000
100% of Average
SqFt:
2,604
low | high
Med:
727
100% of Average
$ / SqFt:
$96
low | high
Med:
$165
22.165941644562% of Average
On Site:
56
low | high
Med:
49.500000
100% of Average
Sourced by Back At You
Listing Updated: June 12, 2024 at 10:10:41 PM PDT