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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.****
Property Type(s):
Multi Family
| Last Updated | 1/8/2025 | Tract | OLNEY |
|---|---|---|---|
| Year Built | 1930 | Community | 19120 (19120) |
| County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Details
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator |
| AREA | 19120 (19120) |
| BASEMENT | Finished, Yes |
| HEAT | Baseboard, Electric |
| LOT | 5663 sq ft |
| LOT DIMENSIONS | 42.00 x 130.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STYLE | Traditional |
| SUBDIVISION | OLNEY |
| TAXES | 3045 |
| WATER | Public |
Location
Listing provided by XL Realty Group
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Data last updated: 1/10/25 3:47 AM PST
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