5622 N 2nd Street

PHILADELPHIA, PA 19120

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,115 Sqft
  • 5456
    Sqft(Lot)
$425,000

Description

This standalone, fully refurbished, 2,415 sq. ft building presents an exceptional investment opportunity. it currently features three fully rented units, an open, inviting porch and front lawn, and a large backyard area with easy access to develop adu units (additional dwelling units), for increased revenue.

each apartment has been thoroughly upgraded with new hardwood floors throughout, stainless steel appliances, refrigerators, stoves, and microwaves, along with new ceiling fans, and fresh coats of paint. bathrooms have been upgraded as well with new toilets and showers.

the first-floor unit is versatile, with two entrances and the option to configure it as a spacious one-bedroom or two-bedroom apartment. it also includes two dedicated parking spaces.
the second and third floors host one-bedroom, one-bathroom units, each meticulously renovated, and with its own individual style and character. (current rents $1,250, $1,250 and $950)

recent updates include a brand-new roof, entire building power-washed, refreshed common areas with new carpeting, and a well-maintained exterior, along with a detached storage space in the rear, all adding the finishing touches.

this property also has a modernized finished basement with a separate entrance, presenting a prime opportunity for additional rental income. 5622 n. 2nd st. is perfect for the savvy investor, naca candidate, or 1031 exchange individual, being sold as is.

****owner says to bring all reasonable offers.****

  • Property Type

    Multi-Family

  • Subdivision

    Olney

  • County

    PHILADELPHIA

  • Style

    Traditional

  • AD ID

    46777319

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Property Details

  • Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Porch(es)

    Interior Features

    • Ceiling Fan(s)
    • Basement Description: Fully Finished
    • Property Appliances: Microwave,Oven/Range - Electric,Refrigerator

    Heating & Cooling

    • Cooling: None
    • Heating: Baseboard - Electric
    • Cooling Fuel: None
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1930
    • Structure: Detached
    • Major Appliances: Microwave,Oven/Range - Electric,Refrigerator
    • New Construction: No
    • Total Units: 3
    • Built: 1930
    • Construction Material: Masonry
    • Security System: Smoke Detector,Carbon Monoxide Detector(s)
    • Foundation/Basement: Brick/Mortar
    • Architecture: Traditional
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 5,456
    • Dimensions: 42.00 x 130.00
    • Lot Size (Acres): 0.13
    • Architectural Style: Traditional
    • Main Square Feet: 5,456

    Property Information

    • SQ ft: 2,115
    • SQ ft (Living Area): 2,115
    • Total Lot SQ ft: 5,456
    • Subdivision: OLNEY
    • Financing: Conventional,FHA,Cash
    • Appx. Lot Dimensions: 42.00 x 130.00
    • Total Acreage: 0.13
    • New Construction: No
    • Type: Traditional

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 129

  • Tax Information

    • Annual Tax: $3,045
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $217,600

  • Virtual Tour

    Parking Information

    • Parking Type: Driveway,On Street

    Multi-Unit Information

    • Acceptable Financing: Conventional,FHA,Cash

    Homeowners Association Information

    • Direction: Please use your GPS service.

  • School Information

    • School District: THE SCHOOL DISTRICT OF PHILADELPHIA

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: Please use your GPS service.
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BuyOwner last updated this listing 01/15/2025 @ 11:07

  • MLS: PAPH2390714
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 2,115 sqft, 5,456 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of PHILADELPHIA , in zip code 19120, this PHILADELPHIA County Other , it is in the OLNEY Subdivision, are nearby neighborhoods.