Philadelphia, PA 19120,5622 N 2ND ST
Philadelphia, PA 19120,5622 N 2ND ST
Philadelphia, PA 19120,5622 N 2ND ST
Philadelphia, PA 19120,5622 N 2ND ST
Philadelphia, PA 19120,5622 N 2ND ST
Philadelphia, PA 19120,5622 N 2ND ST
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$ 425,000
Est. payment | /mo

2,115 SqFt


$ 425,000
Est. payment | /mo

2,115 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,115 sqft

Price per Sqft $200

Subdivision Olney

MLS Listing ID PAPH2390714

Style Traditional

Abv Grd Liv Area 2,115

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $3,045

Tax Year 2024

Lot Size 5,456 Sqft

Acres 0.13

Lot Dimensions 42.00 x 130.00

Property 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.****

Location

State PA

County Philadelphia

Area 19120 (19120)

Zoning RSA3

Rooms

Basement Fully Finished

Interior

Interior Features Ceiling Fan(s)

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Equipment Microwave, Oven/Range - Electric, Refrigerator

Fireplace N

Appliance Microwave, Oven/Range - Electric, Refrigerator

Heat Source Electric

Exterior

Exterior Feature Porch(es)

Garage Spaces 2.0

Waterfront N

Water Access N

Accessibility None

Porch Porch(es)

Parking Type Driveway, On Street

Total Parking Spaces 2

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 612419000

Ownership Fee Simple

SqFt Source Assessor

Security Features Smoke Detector,Carbon Monoxide Detector(s)

Acceptable Financing Conventional, FHA, Cash

Listing Terms Conventional, FHA, Cash

Financing Conventional,FHA,Cash

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Dina J. Dashiell • XL Realty Group
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5622 N 2ND ST