MLS® ID: PAPH786242

1355 E PASSYUNK AVENUE

PHILADELPHIA, Pennsylvania, 19147

$399,000 Active
  • 4 Beds
  • 2 Baths
  • 2190 SQFT
Investment opportunity in Passyunk Square right on the avenue! This multi unit property zoned CMX-2.5 is currently used as a triplex with the potential for so much more with this zoning. Location is key with this property as it is right on bustling Passyunk Avenue steps away from all of the boutique shops and restaurants the area has to offer as well as a multitude of options for public transportation. The building hosts one unit on each floor set up as larger efficiency/studio style apartments and are occupied with tenants. The second and third floor units are more recently updated with the first floor unit in need of a complete gut/renovation with the possibility of using it to its full zoning potential to accommodate active, pedestrian-friendly retail and service uses. The second floor has a fourth rear studio in need of rehab that has been out of use for some time as it is not zoned for a four family dwelling but offers the potential of turning the 2nd floor front studio into a one bedroom unit covering the entire second floor. This is an amazing investment opportunity with an upside far exceeding the current value of the property and one not to be missed!
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Listing courtesy of BHHS Fox & Roach-Center City Walnut

Amenities

  • Full baths
    2
  • Half baths
    0
  • Full Baths Range
    2 Baths
  • Total Baths
    2
  • Zip
    19147
  • Office name
    BHHS Fox & Roach-Center City Walnut
  • Subdivision
    PASSYUNK SQUARE
  • SQFT
    2190
  • Bedrooms
    4
  • Property type
    Townhouse
  • Zoning type
    CMX2.
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    1915
  • Lot size
    0.02
  • Sewer
    Public Sewer
  • Heating
    Forced Air
  • Agent name
    Gregory J Damis
  • Purchase Type
    Active
  • Price Range
    $300k-$400k
  • Square Feet Range
    2000-2500 sq ft.
  • Bedrooms Range
    4 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    61039
  • Agent ID
    3153865

Location

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