Philadelphia, PA 19151,800 N 63RD ST
Philadelphia, PA 19151,800 N 63RD ST
Philadelphia, PA 19151,800 N 63RD ST
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$1,100,000

$1,100,000

Est.Price: ?

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Est. payment /mo

7,256 SqFt


SOLD DATE : 02/29/2024

Key Details

Sold Price $1,100,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 7,256 sqft

Price per Sqft $151

MLS Listing ID PAPH2290548

Sold Date 02/29/24

Originating Board BRIGHT

Year Built 1928

Annual Tax Amount $14,398

Tax Year 2022

Lot Size 6,150 Sqft

Acres 0.14

Lot Dimensions 41.00 x 150.00

Property Description

-- Below Market Rents: Increase Rents to Market Pricing with Cosmetic Renovations
-- Proximity to Public Transportation: Walk to SEPTA’s Market-Frankford Line, Trolley and Bus Routes
-- Access to Major Arteries: City Avenue (Route 1), Lancaster Avenue (Route 30), and Interstates 76 and 476
-- Convenient to Area’s Top Employers: Lankenau Medical Center, St. Joseph’s University, University of Pennsylvania, Drexel University, Penn Medicine, CHOP & VA

Situated on the northwest corner of North 63rd Street and Lansdowne Avenue, the property boasts high visibility and is comprised of 5 apartment units and 7 street-level commercial spaces.

The Property features (2) one-bedroom apartments and (3) two-bedroom apartments. The apartments are large with efficient layouts and boast plenty of natural light due to the corner location of the building. The units are currently rented under market rate. Rents can be boosted significantly for additional income with light cosmetic renovations. Currently, the commercial spaces are leased by an adolescent daycare provider, a clothing store, a barber, and a salon.

Located on the borders of the Carroll Park and Overbrook Park neighborhoods in West Philadelphia, the Property is well located for transportation purposes. It is a short walk to the 10 and 15 trolley lines, sits near major bus routes, and is ±1.5 miles from SEPTA’s 60th Street subway station and 69th Street Transportation Center. In addition, the Property provides convenient access to City Avenue (Route 1) and Lancaster Avenue (Route 30) that feeds into Interstates 76 and 476 for access to the area’s top employers, shopping, recreation and entertainment in Center City Philadelphia and the surrounding suburbs.

Location

State PA

County Philadelphia

Area 19151 (19151)

Zoning CMX2

Interior

Hot Water Other

Heating Other

Cooling Other

Heat Source Other

Exterior

Waterfront N

Water Access N

Accessibility Other

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881125860

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Alex C Prince • TCS Management, LLC
Bought with Jacqueline A Tomaselli • Century 21 Advantage Gold-Lower Bucks

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