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Exceptional Investment Opportunity: Twin Townhomes Combined into One. Presenting a unique opportunity with two 3-story twin townhomes combined into a single property, currently operating as a global healthcare service. This building features an interconnected 1st and 2nd floor, with ongoing construction to unify the 3rd floor, enhancing the property's capacity and functionality. The facility includes 11 rooms with 15 beds, each generating $1,500 per month, totaling $22,500 per month and $270,000 annually. The current renovation of the 3rd floor aims to add 3 more rooms, accommodating an additional 9 beds and increasing revenue potential. The property is carpeted throughout and equipped with a boiler system with radiators for heating, along with window units for cooling. The 1st floor includes a large bathroom with 3 toilets and 1 shower, plus a private staff bath. The 2nd floor has 2 full baths, and the 3rd floor features 1 full bath. The basements are separately utilized, with one side housing a kitchen, staff office, and laundry room"”featuring a commercial refrigerator, freezer, and pantry"”and the other side is semi-finished for storage. Exterior highlights include a wrap-around porch with wheelchair ramp access, multiple exits, and a fire alarm system with wired smoke detectors. The property is zoned RSA-3 and holds a rental license for 9 residential units, alongside a Certificate of Compliance from the Department of Human Services for up to 15 patients. Buyers are responsible for confirming zoning and use. Located just south of Cheltenham Ave in West Oak Lane, the property boasts a Walk Score of 78, Transit Score of 52, and Bike Score of 54. Nearby parks include Russel Park, Melrose Park, and Simons Playground. This property presents a lucrative investment opportunity. Please note, buyers must have a Personal Care Home Administrator License or proof of enrollment in relevant classes. Don't miss out on this profitable investment opportunity at 1407-09 72nd Ave!
Property Type(s):
Commercial
| Last Updated | 11/5/2024 | Tract | WEST OAK LANE |
|---|---|---|---|
| Year Built | 1930 | Community | 19126 (19126) |
| County | PHILADELPHIA |
Price History
| Prior to Nov 5, '24 | $499,000 |
|---|---|
| Nov 5, '24 - Today | $450,000 |
Additional Details
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19126 (19126) |
| HEAT | Natural Gas |
| LOT | 6970 sq ft |
| LOT DIMENSIONS | 50.00 x 173.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | WEST OAK LANE |
| TAXES | 4020 |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
Location
Listing provided by RE/MAX @ HOME
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/9/25 11:36 PM PST
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