$250,000
$299,000
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2101 W SUSQUEHANNA AVE Philadelphia, PA 19121
3,081 SqFt
Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,081 sqft
Price per Sqft $81
Subdivision Philadelphia (Northwest)
MLS Listing ID PAPH972182
Sold Date 08/31/21
Style Traditional
HOA Y/N N
Abv Grd Liv Area 3,081
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,618
Tax Year 2021
Lot Size 1,360 Sqft
Acres 0.03
Lot Dimensions 17.00 x 80.00
Property Description
10+ cap just west of Temples campus. Just reduced, large 3-story CMX-1 corner property with ground floor commercial space and two 2-bedroom apartments upstairs. Tons of income potential in this blue-chip property located at a busy North Philly intersection. 1st floor commercial space is currently vacant with 2 separate entrances and access to the basement. Last tenant was renting just the back half of the space for $1,000/month. Vacant 2 bed, 1-bath apartments on the 2nd and 3rd floors are very large and should get $1,200/month when lightly renovated. They each have separate forced air HVAC systems with central air. These units are in decent shape and can quickly be rent-ready. Generate cash flow upstairs while you prepare the commercial space for your next tenant. Tons of exposure at a busy intersection with active beer distributor and grocery at other corners. Great long-term investment on a 17x80 lot. Do the math, conservative 10+ cap with potential to be a 14+ cap with the right tenants. Tremendous opportunity for a savvy investor. Schedule your showing, will not last!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX1
Rooms
Basement Other, Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air, Baseboard - Electric
Cooling Central A/C
Heat Source Natural Gas, Electric
Exterior
Water Access N
Accessibility Ramp - Main Level
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871522390
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Bryan J Capone • KW Philly