Property Description
Prime investment opportunity in this exceptionally maintained mixed use corner property with one significantly improved commercial space with attached garage, and one custom one bedroom + loft, bi-level residence with multiple private outdoor spaces and separate entry, lovingly named SKY HOUSE. This property is well positioned on a high traffic corner in Queen Village, coveted by businesses for its access to sophisticated clientele and by residents for its access to superb neighborhood offerings in highly sought-after Meredith catchment. Capitalize on local demand by offering the existing units as-is, at increased rents with minor renovation, or by development of two additional residential apartments as permitted by right. This property not only serves as a reliable income-generating asset but also positions you for long-term growth in a thriving market. Gross Potential Rent $72,000 as-is.
Overview
Property Type
Commercial
Location
626 S 7TH STREET, PHILADELPHIA, PA 19147
Zoning
CMX2
MLS ID
PAPH2622728
Listing Last Updated
Property Features & Amenities
Interior
Total Rooms
0
Total Baths
3
Flooring
Hardwood
Appliances
Gas Water Heater
Exterior
Water Source
Public
Roof
Flat, Rubber, Wood
Parking
Private, Garage
Heat Type
Electric, Baseboard
Air Conditioning
Multi Units, Window Unit(s), Ductless, Wall Unit(s), Electric
Sewer
Public Sewer
Disability Features
Accessible Hallway(s)
Details
Total Area
2,720 Sq.Ft.
Neighborhood
Philadelphia
Financial
Price
$1,200,000
Real Estate Tax
$7,404/yr
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