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Photo of 1622 E Passyunk Avenue, Philadelphia PA
1622 E Passyunk Avenue
Passyunk Square
Philadelphia, PA 19148
# of Units
4
1 Bdrm Units
1
2 Bdrm Units
2
Acres
0.03
Interior SqFt
2,484
Age
110
Heating
Natural Gas
Cooling
Wall Unit
Water
Public
Sewer
Public
Garages
0
Taxes (2024)
7,455
Additional Details Below

Description

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.

Location

Driving Directions

On East Passyunk between Tasker & Morris

Listing Details

Summary
Architectural Type

Straight Thru

Interior Features
Basement

Brick/Mortar

Exterior Features
Exterior Features

Masonry

Utilities
Cooling

Wall Unit, Electric

Heating

Baseboard - Hot Water, Natural Gas

Hot Water

Natural Gas

Sewer

Public Sewer

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Cmx25
Lattitude : 39.929432
Longitude : -75.164261
MLS# : PAPH2516846
Views : 30
Listing Courtesy: Michael Esposito of Alpha Realty Group

Notes

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