1355 E Passyunk Avenue,  Philadelphia PA, 19147

(Active)
$379,000
|
2,190 sqft
|
MLS# PAPH786242
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Last Updated: 9/23/2019 5:55 AM
Description for 1355 E Passyunk Avenue Philadelphia, PA 19147
Investment opportunity in Passyunk Square right on the avenue! This multi unit property zoned CMX-2.5 is currently used as a triplex with the potential for so much more with this zoning. Location is key with this property as it is right on bustling Passyunk Avenue steps away from all of the boutique shops and restaurants the area has to offer as well as a multitude of options for public transportation. The building hosts one unit on each floor set up as larger efficiency/studio style apartments and are occupied with tenants. The second and third floor units are more recently updated with the first floor unit in need of a complete gut/renovation with the possibility of using it to its full zoning potential to accommodate active, pedestrian-friendly retail and service uses. The second floor has a fourth rear studio in need of rehab that has been out of use for some time as it is not zoned for a four family dwelling but offers the potential of turning the 2nd floor front studio into a one bedroom unit covering the entire second floor. This is an amazing investment opportunity with an upside far exceeding the current value of the property and one not to be missed!
Price
$379,000
Passyunk Square
PHILADELPHIA
2,190 (approx)
PAPH786242
Active
Description
Investment opportunity in Passyunk Square right on the avenue! This multi unit property zoned CMX-2.5 is currently used as a triplex with the potential for so much more with this zoning. Location is key with this property as it is right on bustling Passyunk Avenue steps away from all of the boutique shops and restaurants the area has to offer as well as a multitude of options for public transportation. The building hosts one unit on each floor set up as larger efficiency/studio style apartments and are occupied with tenants. The second and third floor units are more recently updated with the first floor unit in need of a complete gut/renovation with the possibility of using it to its full zoning potential to accommodate active, pedestrian-friendly retail and service uses. The second floor has a fourth rear studio in need of rehab that has been out of use for some time as it is not zoned for a four family dwelling but offers the potential of turning the 2nd floor front studio into a one bedroom unit covering the entire second floor. This is an amazing investment opportunity with an upside far exceeding the current value of the property and one not to be missed!
Listing Information
Property Type: Townhouse, Other
0.02 Acres OT 2,190 (approx)
$173.06 1915 Brick
Passyunk Square
Electric Water Heater, Public Water Service
Public Sewer
3 Total
Neighborhood
School Information
District: The School District Of Philadelphia
Room Information
Interior Features
Electric Heating, Forced Air
Unfinished Basement
3
Exterior / Lot Features
Brick
18.00 x 39.75
CMX2.
Driving Directions
.
Financial Considerations
$4,736
2019
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19147 has a population of 1,578,455.

The median household income in Philadelphia, Pennsylvania 19147 is $62,683. The median household income for the surrounding county is $36,996 compared to the national median of $49,877. The median age of people living in Philadelphia 19147 is 36 years.

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Courtesy: BHHS Fox & Roach-Center City W
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