Sold

1639 S 21st St

1639 South 21st Street, Philadelphia, PA 19145

$489,900

CORNER, FIVE (5) Unit, mixed use building in HOT POINT BREEZE! CMX1 ZONING. 18.25 feet X 67.5 feet. Windows on both sides and an angled glass front door. VICTORIAN DETAILS, featuring a brick fascia and brackets on the Cornice. Classic Old-World Craftsmanship. FIRST FLOOR has a large, open area with big windows on both sides letting the public know this is a commercial space and we mean business. The FOUR APARTMENTS comprise one, 2-bedroom apartment, one 1-bedroom apartment with a ROOF DECK, and two studios. Run a business, live on the second floor and enjoy three income flows to help support a mortgage. Commercial space is rented at $1200 per month and the tenant will either stay or vacate, your choice. The 2 bedroom brings in $900 per month. The 1 bedroom brings in $750 per month. The studios, each bring $700 per month. Gross income is approximately $51,000 per year and expenses are approximately $9549 per year. This income producer is in move in condition. It could also be terrific for your rental portfolio. Point Breeze develops and continues to bring a plethora of new people who call this home, and all these people need services such as specialty shops and businesses. Very RARE to find a five unit in this condition with rental income coming in. Here's your chance to open shop and live upstairs or rent upstairs and have an additional income. Opportunity in the waiting!

2,826 Sq.Ft. LIVING AREA

1,232 Sq.Ft. lot

 Nathan Naness

Nathan Naness

TITLE

Associate Broker

Features & Amenities

Area & Lot

  • Status Sold
  • Living Area2,826 Sq.Ft.
  • Lot Area1,232 Sq.Ft.
  • MLS IDPAPH821932
  • Type MULTI_FAMILY
  • YEAR BUILT1920

Financial

  • Sales Price:$489,900

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