5622 N 2Nd Street, Philadelphia, PA 19120-2426 $425,000
Interior Sq. Ft: 2,115
Acreage: 0.13
Age:94 years
Taxes: $3,045
Subdivision: Olney
Design/Type:
Detached
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.****
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Baseboard - Electric Heating, Electric, None, None, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
Driveway, On Street
Interior
Ceiling Fan(s), Fully Finished Basement, Carbon Monoxide Detector(s), Smoke Detector
Exterior
Brick/Mortar Foundation, Masonry, Porch(es)
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (129 schools)
Public Middle (25 schools)
Public High (47 schools)
Private (102 schools)
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This report is a detailed community overview for Philadelphia (19120), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $31,806
Community Summary
- Population Density (ppl / mile): 21,580
- Household Size (ppl): 3.15
- Households w/ Children: 93%
Housing Inventory
- Owned: 14,049 (56.5%)
- Rented: 9,396 (37.8%)
- Vacant: 1,434 (5.8%)
- Total: 24,879
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 11.2%
- Some High School: 13.4%
- High School Graduate: 36.4%
- Some College: 17.5%
- Associate Degree: 7.7%
- Bachelor's Degree: 10.2%
- Graduate Degree: 3.6%
Income by dollar range
Median Income: $37,360
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $758
- One Bedroom: $817
- Two Bedroom: $934
- Three Bedroom: $1,108
- Four Bedroom: $1,234
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Contact Information
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or call me now at 302-239-8919
Listing Courtesy of: XL Realty Group
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 11/19/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
