1622 W Erie Avenue Philadelphia, PA 19140
Introducing an exciting investment opportunity at 1622 W Erie Ave - an investor's special awaiting your creative touch! This property offers tremendous potential with four units awaiting a complete rehab to transform them into lucrative income-generating assets. Featuring a mix of unit types including a spacious two-bedroom, two cozy one-bedroom apartments, and a convenient efficiency unit, this property caters to a variety of tenant needs. Although in need of renovation, the first floor unit boasts a separate entrance for added privacy and convenience, as well as access to a rooftop deck - the perfect space to reimagine into a stunning outdoor retreat for residents to enjoy. Parking is made easy with a private party garage, providing secure storage for vehicles or the opportunity to convert into additional living space, subject to appropriate approvals. Located less than a mile from Temple Hospital and the School of Medicine, as well as being within close proximity to the bus depot and subway, this property offers convenience and accessibility for potential tenants. Furthermore, situated in an up-and-coming neighborhood with plans for a hotel development less than a mile away, this investment holds promise for future appreciation and growth potential. Don't miss out on this opportunity to breathe new life into 1622 W Erie Ave and capitalize on the potential for significant returns in this dynamic market.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyPhiladelphia
- Taxes$5,312
- HOA/Condo/Coop Fees$0
- Days on Site10 Days
- MLS StatusActive
- MLS ID NumberPAPH2345624
- Home Size Source Assessor
- Year Built1930
- Lot Size0.03 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Bi-levelTraditional
- Parking Attached Garage
- Basement Outside EntranceSide EntranceUnfinished
- Acreage 0.03
- Water Public
- Zoning RSA5
- Property Sub Type Quadruplex
- Garage Spaces 1
- Attached Garage Yes
- Foundation Brick/ Mortar
Interior Features
- Cooling None
- Heating NoneNatural Gas Available
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area 19140 (19140)