1622 West Erie Avenue

Philadelphia, PA 19140

$250,000
Price
Beds
2,604 Sq. Ft.
$96 / Sq. Ft.
2,604
Sq. Ft.
$96
per Sq. Ft.

Description

Introducing an exciting investment opportunity at 1622 W Erie Ave - an investor's special awaiting your creative touch! This property offers tremendous potential with four units awaiting a complete rehab to transform them into lucrative income-generating assets. Featuring a mix of unit types including a spacious two-bedroom, two cozy one-bedroom apartments, and a convenient efficiency unit, this property caters to a variety of tenant needs. Although in need of renovation, the first floor unit boasts...Introducing an exciting investment opportunity at 1622 W Erie Ave - an investor's special awaiting your creative touch! This property offers tremendous potential with four units awaiting a complete rehab to transform them into lucrative income-generating assets. Featuring a mix of unit types including a spacious two-bedroom, two cozy one-bedroom apartments, and a convenient efficiency unit, this property caters to a variety of tenant needs. Although in need of renovation, the first floor unit boasts a separate entrance for added privacy and convenience, as well as access to a rooftop deck - the perfect space to reimagine into a stunning outdoor retreat for residents to enjoy. Parking is made easy with a private party garage, providing secure storage for vehicles or the opportunity to convert into additional living space, subject to appropriate approvals. Located less than a mile from Temple Hospital and the School of Medicine, as well as being within close proximity to the bus depot and subway, this property offers convenience and accessibility for potential tenants. Furthermore, situated in an up-and-coming neighborhood with plans for a hotel development less than a mile away, this investment holds promise for future appreciation and growth potential. Don't miss out on this opportunity to breathe new life into 1622 W Erie Ave and capitalize on the potential for significant returns in this dynamic market.
  1. Listed by Toni Glover • Marvin Capps Realty Inc
    P: 2674691909 toni.glover@exprealty.com

Property Details for 1622 West Erie Avenue

Tax ID Number
131043500
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Bi-level, Traditional
Waterfront
No
Garage
Yes
Municipality
PHILADELPHIA
Total Parking Spaces
1

Location

Listing Courtesy of Marvin Capps Realty Inc
Add your commute
LISTING UPDATED: 05/02/2024 04:14 PM

Property Details for 1622 West Erie Avenue

StatusActive
MLS #PAPH2345624
Days on Market11
Taxes$5,312 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.03 AC / 1,381 SF
CountyPhiladelphia County

Location

Listing Courtesy of Marvin Capps Realty Inc
Add your commute

Building Information for 1622 West Erie Avenue

Stories-Residences4Year Built1930Building Size-Lot Size0.03 AC / 1,381 SF

Payment Calculator

$1,807 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$443

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1622 West Erie Avenue

Location
Location
  • Transportation: Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 802785881492
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19140 (19140)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $379,500
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $303,600
  • City Town Tax: $2,397
  • Land Assessed Value: $75,900
  • Clean Green Assessed: No
  • Land Use Code: U50
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RSA5
  • Zoning Dscrp: RSA zoning, or Residential Suburban-Agricultural zoning.
  • Tax Lot: 263
  • School Tax: $2,914
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,604.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 16.00 x 89.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 953415
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Attached Garage
  • Num of Attached Garage Spaces: 1
  • Total Garage Spaces: 1
  • Garage Features: Garage - Side Entry
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: 2+ Access Exits, >84" Garage Door, 32"+ wide Doors
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: None
  • Heating Fuel: Natural Gas Available
  • Hot Water: Instant Hot Water
  • Water Source: Public
  • Sewer Septic: Public Hook/Up Avail

Property History for 1622 West Erie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1622 West Erie Avenue

Taxable ValueLand$75,900Additions$303,600Total$379,500
Tax Record2023$5,312 ($443 / month)
Home Facts
Total Finished SqFt2,604 SqFtAbove Grade Finished SqFt2,604 SqFtStories3Lot Size1,381 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningRSA5CountyPHILADELPHIAAPN13-1-0435-00

Schools near 1622 West Erie Avenue

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 9 to 12
Public - K to 8
Public - 9 to 12
Rating
School
Distance
MASTERY CS - CLEVELAND ELEMENT
CharterK to 8

Dobbins Avt High School
Public9 to 12

Kenderton Elementary School
PublicK to 8

Randolph A. Philip Avt High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1622 West Erie Avenue is a multi-family home for sale in Philadelphia, PA 19140. This property was listed for sale on April 23, 2024 by Marvin Capps Realty Inc, it's currently listed at $250,000. This listing's school district is Philadelphia City School District. Nearby schools include MASTERY CS - CLEVELAND ELEMENT, Dobbins Avt High School and Kenderton Elementary School. 1622 West Erie Avenue is a 0-bed, 0-bath, 2,604 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marvin Capps Realty Inc

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.