$270,000
$295,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
1,994 SqFt
SOLD DATE : 12/09/2019
Key Details
Sold Price $270,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,994 sqft
Price per Sqft $135
Subdivision Port Richmond
MLS Listing ID PAPH813140
Sold Date 12/09/19
Style Straight Thru
HOA Y/N N
Abv Grd Liv Area 1,994
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,536
Tax Year 2020
Lot Size 2,000 Sqft
Acres 0.05
Lot Dimensions 20.00 x 100.00
Property Sub-Type Interior Row/Townhouse
Property Description
BACK ON THE MARKET! BUYERS FINANCING FELL THROUGH! This is your chance to grab an excellent investment opportunity in hot, hot Port Richmond! This income producing, updated commercial/residential duplex is taking in $2250/month! Located on the ever expanding Richmond Street commercial corridor -- 2952 Richmond Street is an amazing turn key investment opportunity in one of Philly's hottest neighborhoods! The trolley tracks are in place -- commuting to Center City will be a BREEZE! BIG residential projects are in the works & coming to Richmond Street! This is your opportunity! This mixed-use, CMX-2 property is almost 2000 square feet, fully rented and in excellent condition. The first floor is currently being used as a lash studio/hair salon. The first floor has been completely redone -- bright, open with newer flooring and an updated powder room. The commercial space also has access to the basement from the interior. Above the beautiful salon is a huge three story apartment that is larger than most single family homes in the area. This unit has a PRIVATE entrance through the breezeway off of Richmond Street. There is huge potential to convert this space into more than one unit! The possibilities are endless! Enter the front door to find an updated and open living/dining space. Head through the renovated kitchen to find a very large and private back patio! There is also a half bathroom on the main floor. Head upstairs to the second level to find two size-able bedrooms, the laundry area and a full bathroom. The third floor has an additional large bedroom with its very own en-suite bathroom. Both the commercial space and the home are currently rented (Commercial space at $950/month. The home at $1300/month). Located within a block of Riverwards Cafe, Marinucci's Deli, the Lunar Inn, Somerset Splits, Hinge Cafe, + on the edge of Fishtown, easy access to i-95, walking distance to all of Port Richmond has to offer + walking distance to a newly planned Delaware Waterfront Corporation Public Park! The trolley is coming back to Richmond Street, and this property will have DIRECT ACCESS to it -- right outside its front door. Ask the listing agent about the reconstruction/improvement of Richmond Street and all of the improvements happening just steps away! This opportunity is not to be missed!
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning CMX2
Rooms
Basement Other
Interior
Hot Water Electric
Heating Baseboard - Hot Water, Forced Air
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 251163600
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Jan LeSuer • Elfant Wissahickon-Chestnut Hill
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "