50 S 60th St,PHILADELPHIA, PA 19139
PHILADELPHIA, PA 19139
Description
Excellent Mixed-Use Investment Opportunity in a Prime Location!This well-positioned 3-story mixed-use property offers an excellent opportunity for an investor seeking multiple income streams and strong rental potential. The property features three income-producing units, including a street-level commercial storefront and two spacious 3-bedroom residential apartments.The commercial storefront is currently rented for $1,700/month, providing immediate income and excellent visibility in a high-traffic location. The two residential 3-bedroom apartments generate $1,000/month and $1,400/month, respectively, creating a total current gross rental income of $4,100 per month, or $49,200 annually.With a desirable mix of commercial and residential income, relatively low taxes and insurance, and strong rental demand in the area, this property offers an attractive opportunity for investors looking for cash flow and long-term potential.Conveniently located near the 60th Street Terminal, public transportation, shopping, restaurants and neighborhood amenities, the property benefits from excellent accessibility and visibility.Three income-producing units + $49,200 in current annual gross rental income + low operating costs = an excellent investment opportunity.Whether you're looking to add to your portfolio or seeking your first income-producing property, this property offers a compelling combination of location, income and investment potential.
Details
| MLS # | PAPH2675614 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 11 |
| Listing Provided By | Keller Williams Realty Devon-Wayne | SHARMEEN MUSSANI |
Features
| SQ Feet | 2,745 |
|---|---|
| Units | 3 |
| Zoning | CMX3 |
| Acreage | 0.02 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Block |
|---|---|
| Foundation Details | Permanent |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 2682 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19139) | |
Price: $300,000 low | high Med: $168,500 sqft: 2,745 low | high Med: 1,190 $ / sqft: $109 low | high Med: $142 On site: 11 low | high Med: 90 | |
Market Activity 19139
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19139) | |
Price: $300,000 low | high Med: $168,500 sqft: 2,745 low | high Med: 1,190 $ / sqft: $109 low | high Med: $142 On site: 11 low | high Med: 90 | |
