PA > Philadelphia > Cobbs Creek
Philadelphia, PA 19139,32 S 62ND ST
Philadelphia, PA 19139,32 S 62ND ST
Philadelphia, PA 19139,32 S 62ND ST
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$170,000
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2,044 SqFt
Active

32 S 62ND ST Philadelphia, PA 19139

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Jim Stevenson

Jim Stevenson

+1(267) 718-5695

UPDATED:

12/06/2024 03:25 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,044 sqft

Price per Sqft $83

Subdivision Cobbs Creek

MLS Listing ID PAPH2425084

Style Other

Abv Grd Liv Area 2,044

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $1,521

Tax Year 2024

Lot Size 1,848 Sqft

Acres 0.04

Lot Dimensions 16.00 x 116.00

Property Description

Investor alert! This duplex presents a fantastic investment opportunity for the savvy investor with significant potential. It features two separate units: a 2-bedroom, 1.5-bathroom unit and a 3-bedroom, 2-bathroom unit. Additional amenities include one garage space, an unfinished basement, and separate utility meters for each unit. The property is zoned RM-1, legally designated as multi-family, offering excellent flexibility for rental income. While it requires a full rehab, the upside is substantial, especially with gentrification actively transforming the surrounding area. Once renovated, the property is poised for strong cash flow, and a proforma is included to outline projected income and returns. Don’t miss this chance to capitalize on a high-potential location!

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RM1

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 031190900

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Lay Gauv • EXP Realty, LLC

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Jim Stevenson

Agent | License ID: RS342290

+1(267) 718-5695

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32 S 62ND ST