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Pennsylvania 19148 PHILADELPHIA PASSYUNK 1625 E PASSYUNK AVE

1625 E PASSYUNK AVE
PHILADELPHIA, PA 19148

$695,000 
  • -- Beds
  • -- Baths
  • 1,884 sqft
  • Residential Income | Other
  • Active
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Property Description for 1625 E PASSYUNK AVE, 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!

  • Property Class: Multi-Family
  • Listing Status: Active
  • City: PHILADELPHIA
  • State: PA
  • Zip: 19148
  • Area: Philadelphia – 19148
  • Class: Residential Income
  • Property Subtype: Other
  • Approx Lot Size: 0.020
  • Baths (F/H): -- / --
  • Living Area (SqFt): 1,884 sqft
  • Lot Sq Ft Apx: 960.00
  • Year Built: 1918
  • Listing#: 7017741
  • School District: Philadelphia
  • Tax Year: 2017
  • List Date: 7/6/2017
  • Last updated on: 8/20/2017

Property Features for 1625 E PASSYUNK AVE, PHILADELPHIA PA 19148

  • Basement Type: Full, Unfinished
  • Exterior: Alum/Steel Siding, Wood, Brick, Stone
  • Property Age: 99
  • Garage Spaces: Nogarage
  • Laundry Type: Common Laundry
  • Sewer Septic: Public Sewer
  • Cooling: Central A/C
  • Handicap: None
  • Hot Water: Natural Gas
  • Water: Public
  • Design: Duplex, Aptbldg, Stor&Amp;Res, Other
  • Heating: Gas, Hot Water, Forced Air
  • Parking: Street

Additional Information for 1625 E PASSYUNK AVE, PHILADELPHIA PA 19148

  • School District: Philadelphia
  • Annual Gross Income: 49860.00
  • Annual Gross Expense: 8269.00
  • Annual Insurance Expense: 2000.00
  • Basement: True
  • Building Floors: 2.00
  • Central Air: True
  • Improv Assessed Amt: $274,580
  • Lot Dimensions: 16X60
  • Lot Number: 223
  • New Construction: False
  • Ownership: Other
  • Total Assessment: 290700.00
  • Water Front: False
  • Partial Bath Unit1: 1
  • Unit1 Lease End: Comm - 2/19 Option
  • Unit1 Monthly Rent: 1980.00
  • Beds Unit2: 2
  • Baths Full Unit2: 2
  • Unit2 Lease End: Month To Month
  • Unit2 Monthly Rent: 1975.00
  • Total Taxes: $4,069
  • Listing Area: Philadelphia – 19148
  • Subdivision: Passyunk Square
  • Listing ID: 7017741
Courtesy of Coldwell Banker Preferred-Old City
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Data relating to real estate for sale on this website appears in part through the TREND IDX program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which BHHS Fox & Roach participates, and is provided by TREND through a licensing agreement. Real estate listings held by brokerage firms other than BHHS Fox & Roach are marked with the IDX/IDX PLUS icon & detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers & may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. © 2016 TREND, all rights reserved. Information deemed reliable, but not guaranteed.