50 S 60TH ST Philadelphia, PA 19139
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,745 sqft
Price per Sqft $109
MLS Listing ID PAPH2675614
Style Bi-level
Abv Grd Liv Area 2,745
Year Built 1925
Annual Tax Amount $2,682
Tax Year 2025
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
This well-positioned 3-story mixed-use property offers an excellent opportunity for an investor seeking multiple income streams and strong rental potential. The property features three income-producing units, including a street-level commercial storefront and two spacious 3-bedroom residential apartments.
The commercial storefront is currently rented for $1,700/month, providing immediate income and excellent visibility in a high-traffic location. The two residential 3-bedroom apartments generate $1,000/month and $1,400/month, respectively, creating a total current gross rental income of $4,100 per month, or $49,200 annually.
With a desirable mix of commercial and residential income, relatively low taxes and insurance, and strong rental demand in the area, this property offers an attractive opportunity for investors looking for cash flow and long-term potential.
Conveniently located near the 60th Street Terminal, public transportation, shopping, restaurants and neighborhood amenities, the property benefits from excellent accessibility and visibility.
Three income-producing units + $49,200 in current annual gross rental income + low operating costs = an excellent investment opportunity.
Whether you're looking to add to your portfolio or seeking your first income-producing property, this property offers a compelling combination of location, income and investment potential.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Private Pool No
Building
Foundation Permanent
Above Ground Finished SqFt 2745
Sewer No Septic System
Water Public
Architectural Style Bi-level
Additional Building Above Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871049850
Ownership Fee Simple
SqFt Source 2745
Special Listing Condition Standard
Nearby Locations
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