5622 N 2ND ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19120
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,115 sqft
Price per Sqft $193
Subdivision Olney
MLS Listing ID PAPH2390714
Style Traditional
Year Built 1930
Annual Tax Amount $3,045
Tax Year 2024
Lot Size 5,456 Sqft
Property Description
This standalone, fully refurbished, 2,415 sq. ft building presents an exceptional investment opportunity. It currently features three fully rented units, an open, inviting porch and front lawn, and a large backyard area with easy access to develop ADU units (additional dwelling units), for increased revenue.
Each apartment has been thoroughly upgraded with new hardwood floors throughout, stainless steel appliances, refrigerators, stoves, and microwaves, along with new ceiling fans, and fresh coats of paint. Bathrooms have been upgraded as well with new toilets and showers.
The first-floor unit is versatile, with two entrances and the option to configure it as a spacious one-bedroom or two-bedroom apartment. It also includes two dedicated parking spaces.
The second and third floors host one-bedroom, one-bathroom units, each meticulously renovated, and with its own individual style and character. (currently $950 & $1,250)
Recent updates include a brand-new roof, entire building power-washed, refreshed common areas with new carpeting, and a well-maintained exterior, along with a detached storage space in the rear, all adding the finishing touches.
This property also has a modernized finished basement with a separate entrance, presenting a prime opportunity for additional rental income. 5622 N. 2nd St. is perfect for the savvy investor, NACA candidate, or 1031 Exchange individual, being sold as is.
****Owner says to bring all reasonable offers.****
Location
State PA
County Philadelphia
Area 19120 (19120)
Zoning RSA3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Equipment Microwave,Oven/Range - Electric,Refrigerator
Exterior
Exterior Feature Porch(es)
Garage Spaces 2.0
Waterfront N
Water Access N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Conventional,FHA,Cash
Listing Terms Conventional,FHA,Cash
Special Listing Condition Standard