Skip To Content

1622 W Erie Avenue

PHILADELPHIA, PA 19140
  • $250,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: PAPH2345624
$250,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,604
    SQFT
  • $96
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

School District:

Description

Introducing an exciting investment opportunity at 1622 W Erie Ave - an investor's special awaiting your creative touch! This property offers tremendous potential with four units awaiting a complete rehab to transform them into lucrative income-generating assets.Featuring a mix of unit types including a spacious two-bedroom, two cozy one-bedroom apartments, and a convenient efficiency unit, this property caters to a variety of tenant needs.Although in need of renovation, the first floor unit boasts a separate entrance for added privacy and convenience, as well as access to a rooftop deck - the perfect space to reimagine into a stunning outdoor retreat for residents to enjoy.Parking is made easy with a private party garage, providing secure storage for vehicles or the opportunity to convert into additional living space, subject to appropriate approvals.Located less than a mile from Temple Hospital and the School of Medicine, as well as being within close proximity to the bus depot and subway, this property offers convenience and accessibility for potential tenants.Furthermore, situated in an up-and-coming neighborhood with plans for a hotel development less than a mile away, this investment holds promise for future appreciation and growth potential.Don't miss out on this opportunity to breathe new life into 1622 W Erie Ave and capitalize on the potential for significant returns in this dynamic market.

Monthly Payment Calculator

www.chesapeakebayproperties.com/homes/149772229
Print Image

1622 W Erie Avenue PHILADELPHIA, PA 19140

  • Price: $250,000
  • Status: Active
  • On Site: 56 Days
  • MLS #: PAPH2345624
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,604
SQFT
$96
$/SQFT
1930
Built
Neighborhood:
19140 (19140)
County:
Philadelphia
Area:
19140 (19140)
School District:
Philadelphia City
Property Description
Introducing an exciting investment opportunity at 1622 W Erie Ave - an investor's special awaiting your creative touch! This property offers tremendous potential with four units awaiting a complete rehab to transform them into lucrative income-generating assets.Featuring a mix of unit types including a spacious two-bedroom, two cozy one-bedroom apartments, and a convenient efficiency unit, this property caters to a variety of tenant needs.Although in need of renovation, the first floor unit boasts a separate entrance for added privacy and convenience, as well as access to a rooftop deck - the perfect space to reimagine into a stunning outdoor retreat for residents to enjoy.Parking is made easy with a private party garage, providing secure storage for vehicles or the opportunity to convert into additional living space, subject to appropriate approvals.Located less than a mile from Temple Hospital and the School of Medicine, as well as being within close proximity to the bus depot and subway, this property offers convenience and accessibility for potential tenants.Furthermore, situated in an up-and-coming neighborhood with plans for a hotel development less than a mile away, this investment holds promise for future appreciation and growth potential.Don't miss out on this opportunity to breathe new life into 1622 W Erie Ave and capitalize on the potential for significant returns in this dynamic market.
Exterior Features

Architectural Style Bi-levelTraditional Construction Materials Masonry Garage Spaces 1.00 Garage Type Garage - Side Entry Garage YN Yes Parking Types Attached Garage Pool No Pool Roof Unknown Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2604 Basement Outside EntranceSide EntranceUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions As is nothing is being removed Fireplace YN No Heating None Inclusions None/ Property is a shell. Single Room Units 1 Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Acceptable Financing CashConventionalFHA 203(k) Accessibility Features 2+ Access Exits>84" Garage Door32"+ wide Doors Central Air YN No Cooling Fuel None Foundation Details Brick/Mortar Heating Fuel Natural Gas Available Historic YN No Hot Water Instant Hot Water Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 803010919022 Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Hook/Up Avail Structure Design Type End of Row/Townhouse Tax Annual Amount 5312.00 Tax Lot 263 Transportation Bus Stop less than 1 mileMetro/Subway Station less than 1 mile Vacation Rental YN No Water Source Public Zoning RSA5 Zoning Description RSA zoningor Residential Suburban-Agricultural zoning.

 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_803010919022-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_803010919022-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_803010919022-2.jpg
Logo
Chesapeake Bay Properties | Benson & Mangold Real Estate
31 Goldsborough Street
Easton MD, 21601