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1622 East Passyunk Avenue

Philadelphia PA 19148

5
2484 sq. ft.
1216 sq. ft.
Duplex
Currently for sale - view listing

Overview

Amazing opportunity for an income producing multi unit building currently grossing roughly $50K (@5% Cap Rate) located in the heart of East Passyunk Ave! You cant go wrong with lots of sweat equity and potential for increased rents. On the Ave and centrally located to the singing fountain, Broad St Subway line and surrounded by restaurants, cafes, bars, shopping and much more. This property has all separate utilities and a functional layout! 1st flr. is tenant occupied thru 3/26 with private access to the rear yard and basement (w/ washer/dryer). Features a spacious living room and kitchen area with 1 large bedroom with walk-in closet and 1 hallway bathroom. 2nd flr. is occupied on month-month with 2 bedroom sand 1 bath. 3rd flr. will be vacant 8/1 with 2 Bedrooms, 1 Bathroom and balcony with amazing views.

Features

5 bedrooms
2484 sq. ft. floor area
1216 sq. ft. lot size
Duplex

Happy sellers in Philadelphia

80%
80% of sellers in Philadelphia reported that their sale price either exceeded or met their price expectations.

Philadelphia stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Philadelphia over the last 12 months.

Local market activity for 5 bedroom duplexes in Philadelphia

In the last 12 months, 3 five-bedroom duplexes similar to 1622 East Passyunk Avenue, have been sold.

This represents a 50% decrease in five-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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