1625 E Passyunk Ave

Philadelphia PA 19148

0.02 ac.

Duplex

Last sold for $650,000

Michael Scipione, last sold this property on 30 July 2019 after 737269 days on market.

Overview

Duplex - PHILADELPHIA, PA

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!

Features

0.02 ac. lot size

Duplex

Estimated Value

We need at least 3 similar duplexes sold in Philadelphia over the last 12 months.

Property history for 1625 E Passyunk Ave

2019

Sold

$650,000

30 Jul 2019 by Michael Scipione, of Coldwell Banker Preferred - Old City

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 duplexes in Philadelphia

Sold

For Sale

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People are reaching out to these agents in Philadelphia for a market analysis.

Frank Altamuro

at Coldwell Banker Preferred - Old City

(22 reviews)

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Dina Patton

(7 reviews)

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Grace Susilo

at Realty ONE Group Restore | West Chester

4.9

(12 reviews)

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Amy Fizzano

at Fizzano Family of Associates LLC

(31 reviews)

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Nearby agents

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Frank Altamuro

Frank Altamuro is an award winning recommended agent for Philadelphia. They have 7 local sales and collected 3 local reviews across the last 12 months.