$395,000
Pending
37 Days Online
0 Beds0 Baths14,640 SQFT
Pending

6010-12 Drexel Road Philadelphia, PA 19131

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Attention Developers/ Contractors: This expansive property at 6010-6012 Drexel Road needs a complete rehab. It is set on a double corner lot with over .6 acres (see survey attachment) in Philly's quiet Overbrook Farms neighborhood, right near St Joseph's University. It has a huge multi-family property, previously used as 5 apartments, offering a fantastic investment opportunity and room enough to construct several new homes making it a developers dream! The structure was originally built in stone and still maintains that facade. The current layout features three 1-bedroom apartments, one 2-bedroom apartment, and one 3-bedroom apartment, each with 1 full bathroom and a kitchen. Modern updates and repairs could be combined with its abundant space and original character to create a one-of-a-kind single-family home or high-producing rentals in this sought-after location. In addition to the historic building, the expansive lot would provide ample parking and room for possible new construction of 2-4 homes with resales of over $600, 000.00. 6010-6012 Drexel Rd is close to popular shopping centers with stores like Whole Foods, Trader Joe's, and Target. Lankenau Medical Center is minutes away, plus there's easy access to public transit, Lancaster Ave, City Ave, Delaware County, and Montgomery County. Schedule your showing today! The sale is being overseen/ monitored by a conservatorship/ legal custodian to address and remedy outstanding violations, which include cleaning up the grounds and repairing the roof. A list of repairs are attached. Upon purchase, the buyers will assume responsibility for these repairs. All offers due by tomorrow, 5/29 at 5PM.

  • Property TypeMulti-Family
  • NeighborhoodOverbrook Farms
  • CountyPhiladelphia
  • Taxes$8,149
  • HOA/Condo/Coop Fees$0
  • Days on Site36 Days
  • MLS StatusPending
  • MLS ID NumberPAPH2357114
  • Home Size Source Assessor
  • Year Built1920
  • Lot Size0.63 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style Other
  • Parking Driveway
  • Sewer Public Sewer
  • Basement Unfinished
  • Acreage 0.63
  • Water Public
  • Attached Garage No
  • Foundation Stone
  • Zoning RSD3

Interior Features

  • Cooling None
  • Heating None
  • Fireplace No

Exterior Features

  • Spa No
  • Waterfront Property No

Community Features

  • MLS Area 19131 (19131)

Schools

School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$2,075
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