1625 Passyunk Avenue
Philadelphia, PA 19148
MLS #7017741

Multi-Family
  • 2units
  • 2beds
  • 2+1½baths
  • 0.02acres
  • 1,884sq ft
ACTIVE $695,000
Est. P&I payment: $2654.43/mo
1625 Passyunk Avenue, Philadelphia, PA 19148
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Description for 1625 Passyunk Avenue, Philadelphia, PA 19148
Phenomenal opportunity to own a Commercial Mixed-Use building on East Passyunk Avenue, recently name one of the "Top Foodie Streets in America" by Food and Wine Magazine. The building itself has 2 legal units, 1 commercial and 1 residential and is zoned CMX-2. The ground floor is a long standing gelato business, Capogiro, and upstairs is a bi-level unit with 2 kitchens and 2 full bathrooms. The character of this building was very well maintained. Original wide-plank hardwood flooring is throughout the residential units as well as refinished staircases, trim and interior doors. Central air is throughout the building as well as gas appliances. There is potential for a roof deck off of the 3rd floor unit. There are many possibilities with this amazing building. You can create your pied-a-terre above the commercial unit and use their rental income to offset your mortgage and have a beautiful pad in the heart of Passyunk Square. Purchase the building envisioning your own business or purchase the building to gain an asset that will cash flow in one Philadelphia's desirable neighborhoods. Building Only for sale. Not business. Current rent on the commercial space is $1,980 per month. Bi-Level was bringing in $1,975 per month. RENTS are UNDER MARKET!
MLS #7017741
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My Notes for MLS #7017741

General Features

  • Property Type: Multi-Family
  • Building Floors: 2
  • Design: Duplex,​AptBldg,​Stor&Res,​Other
  • Floor: Wood,​Tile/Brick
  • Gross Square Feet: 1,884
  • Land Square Feet: 960
  • Total Units: 2
  • Unit 1 Lease End: COMM - 2/19 OPTION
  • Unit 2 Lease End: MONTH TO MONTH
  • Property Age: 99
  • County: PHILADELPHIA
  • Subdivision: PASSYUNK SQUARE

Exterior Features

  • Water Front: N
  • Exterior: Alum/Steel Siding,​Wood,​Brick,​Stone
  • Roof: FlatRoof
  • Has Garage Flag: N
  • Garage Spaces: NoGarage
  • Parking: Street

Interior Features

  • Basement: Y
  • Basement Type: Full,​Unfinished
  • Unit 1 Interior Sq Ft: 850
  • Partial Bath Count Unit 1: 1
  • Baths Full Unit 2: 2
  • Beds Unit 2: 2
  • Unit 2 Interior SqFt: 1,034

Utilities Features

  • Central Air: Y

Financial Features

  • Unit 1 Monthly Rent: 1,980
  • Unit 2 Monthly Rent: 1,975
  • Annual Heating Expense: 1,200
  • Annual Insurance Expense: 2,000
  • Tax Year: 2017
  • Total Assessment: 290,700
  • Total Taxes: 4,069

School Features

  • School District: Philadelphia

Miscellaneous Features

  • New Construction: N
  • Type: Other

Location

 
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The listing information for 1625 Passyunk Avenue, Philadelphia, PA 19148 was graciously provided by our friends at the listing brokerage, Coldwell Banker Preferred-Old City

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P&I Payment $2654.43
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Last Updated 01/16/2018 at 6:33am
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