32 S 62ND ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19139
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,044 sqft
Price per Sqft $83
Subdivision Cobbs Creek
MLS Listing ID PAPH2425084
Style Other
Abv Grd Liv Area 2,044
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $1,521
Tax Year 2024
Lot Size 1,848 Sqft
Acres 0.04
Lot Dimensions 16.00 x 116.00
Property Description
Investor alert! This duplex presents a fantastic investment opportunity for the savvy investor with significant potential. It features two separate units: a 2-bedroom, 1.5-bathroom unit and a 3-bedroom, 2-bathroom unit. Additional amenities include one garage space, an unfinished basement, and separate utility meters for each unit. The property is zoned RM-1, legally designated as multi-family, offering excellent flexibility for rental income. While it requires a full rehab, the upside is substantial, especially with gentrification actively transforming the surrounding area. Once renovated, the property is poised for strong cash flow, and a proforma is included to outline projected income and returns. Don’t miss this chance to capitalize on a high-potential location!
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 031190900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard