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643 WASHINGTON AVE Philadelphia, PA 19147
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Key Details
Sold Price $392,500
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,761 sqft
Price per Sqft $222
Subdivision Bella Vista
MLS Listing ID PAPH918570
Sold Date 08/31/20
Style Straight Thru
HOA Y/N N
Abv Grd Liv Area 1,761
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $3,596
Tax Year 2020
Lot Size 808 Sqft
Acres 0.02
Lot Dimensions 16.00 x 50.50
Property Description
Great opportunity to own a rarely offered CMX-2 duplex on Washington Avenue! This extremely well maintained property consists of two units. First floor unit is currently set up as a doctors office but can easily be converted back to a very large one bedroom apartment. Enter into a reception area that leads you to two back rooms and a very large kitchen and half bath. This unit also has rear yard access as well as to the very clean basement where the water heaters, main breakers and washer and dryer are. Separately metered electric and gas for each unit. There is also separate basement access from the front of the building. Second and third floor consists of a bi-level two bedroom apartment with the kitchen, living room and bathroom on the second floor as well as access to a roof top balcony with potential to build a deck and two spacious bedrooms on the third floor. This is an income producing with long term potential. Has flexibility to be owner occupied, keep as is, or renovate and lease out. Currently unoccupied but can produce up to $3000/month in income which would yield a 6%+ cap rate. A great investment! Prime location right on Washington avenue in an extremely walkable area right across from the First Oriental Market, walking distance to the Italian Market, Passyunk Square, shopping, dining, public transportation & major highways. Vacant and very easy to show. Make your appointment today! All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871600085
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Andrew F Cheng • Keller Williams Realty - Cherry Hill