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209 S 60TH Street

PHILADELPHIA, PA 19139
  • $199,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: PAPH2414420
$199,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $74
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-10T23:51:08.107.
www.rossrem.com/homes/157248009
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209 S 60TH Street PHILADELPHIA, PA 19139

  • Price: $199,000
  • Status: Active
  • On Site: 43 Days
  • ID#: PAPH2414420
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,700
SQFT
$74
$/SQFT
1915
Built
Neighborhood:
19139 (19139)
County:
Philadelphia
Area:
19139 (19139)
School District:
The School District Of Philadelphia
Property 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.
Exterior Features

Architectural Style Traditional Construction Materials Masonry Garage YN No Parking Types On Street Pool No Pool Property Condition Major Rehab NeededBelow Average Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2700 Cooling None Fireplace YN No Heating None Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Acceptable Financing CashFHA 203(k) Accessibility Features None Central Air YN No Cooling Fuel None Foundation Details Brick/MortarOther Heating Fuel None Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 4 Number Of Units Vacant 4 Original MLSNumber 803451167680 Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 998.00 Tax Lot 170 Transportation Bus Stop less than 1 mileMetro/Subway Station less than 1 mile Vacation Rental YN No Water Source Public Zoning CMX3

Listing courtesy of BHHS Fox & Roach Wayne-Devon: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-10T23:51:08.107.
 
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