332 North 62nd Street

Philadelphia, PA 19139

$399,900
Price
3
Beds
4
Baths
1,880 Sq. Ft.
$213 / Sq. Ft.
1,880
Sq. Ft.
$213
per Sq. Ft.

Description

Investors behold! 332 N 62nd Street is a golden opportunity for savvy investors seeking a lucrative addition to their portfolio. This property is also perfect for the beginning investor looking for their first investment. The property is part of a six unit portfolio. Here's what makes this investment stand out: Income Potential: This multi-unit property boasts 4 spacious units, each offering comfortable living spaces and modern amenities. Whether you're targeting long-term renters or looking to live...Investors behold! 332 N 62nd Street is a golden opportunity for savvy investors seeking a lucrative addition to their portfolio. This property is also perfect for the beginning investor looking for their first investment. The property is part of a six unit portfolio. Here's what makes this investment stand out: Income Potential: This multi-unit property boasts 4 spacious units, each offering comfortable living spaces and modern amenities. Whether you're targeting long-term renters or looking to live in one of the units and rent the others, the income potential is substantial. With competitive rental rates in the area and increasing demand for housing, you can expect a consistent cash flow and attractive returns on your investment. Value-Add Opportunity: While the property is already generating income, there's ample room for value enhancement. With a strategic renovation or upgrade plan, you can maximize rental income and increase property value. Whether it's modernizing interiors, enhancing curb appeal, or adding amenities, the potential for appreciation is significant. The property does already have a State of the Art Security System with electronic entry and a full sprinkled interior with an up to date fire alarm system. Prime Location: Situated in the vibrant and rapidly developing Haddington neighborhood of Philadelphia, this property is strategically positioned to capitalize on the growth of West Philadelphia. It is a short walk to the Market/Frankford 63rd street station. The #30 & #31 buses are steps away. There is easy access to major transportation routes, as well as, all of the renowned West Philadelphia universities, employment hubs, and a plethora of amenities. This location is highly desirable for tenants seeking convenience and connectivity. Very close to Haddington Woods and Cobbs Creek Park. Wonderful restaurants are within walking distance: Jim’s Steaks West, 5-Star Jamaican, Morronne’s Water Ice etc. Stable Market Dynamics: West Philadelphia's real estate market has demonstrated resilience and stability, making it an ideal environment for investors seeking long-term growth. With a diverse economy, a thriving job market, and a steady influx of residents, the demand for rental properties remains robust. Investment Highlights: This is a special delimiter sentence. This is a special delimiter sentence - Multi-unit property with 4 units
- Prime location in the heart of Philadelphia, PA
- Strong rental demand and competitive rental rates
- Value-add opportunities for increased cash flow and appreciation
- Stable and growing real estate market with favorable investment conditions

332 N 62nd Street offers an exceptional blend of potential and profitability.
  1. Listed by Piruz Partow • Select Commercial Advisors
    P: 6464361222 piruzpartow@gmail.com
  2. Listed by Samantha Lee Miller • Select Commercial Advisors
    P: 2153153326 samantha@select-ca.com

Property Details for 332 North 62nd Street

Tax ID Number
341228600
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
AirLite
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
Yes

Location

Listing Courtesy of Select Commercial Advisors
Add your commute
LISTING UPDATED: 04/25/2024 01:16 PM

Property Details for 332 North 62nd Street

StatusActive
MLS #PAPH2338956
Days on Market20
Taxes$1,947 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.04 AC / 1,911 SF
CountyPhiladelphia County

Location

Listing Courtesy of Select Commercial Advisors
Add your commute

Building Information for 332 North 62nd Street

Stories-Residences4Year Built1915Building Size-Lot Size0.04 AC / 1,911 SF

Payment Calculator

$2,345 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,182

Property Taxes

$162

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 332 North 62nd Street

Location
Location
  • Transportation: Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 802785881492
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19139 (19139)
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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $139,100
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $111,300
  • City Town Tax: $878
  • Land Assessed Value: $27,800
  • Clean Green Assessed: No
  • Land Use Code: O50
  • Zoning: RM1
  • Tax Lot: 27
  • School Tax: $1,068
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 2
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Number Of Units Vacant: 1
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: No
  • Full Baths Count: 1
Financial Information
Financial Information
  • Annual Rental Income: $46,800
Building Info
Building Info
  • Year Major Reno Remodel: 2020
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 16.00 x 122.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1090242
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: None
  • Heating Type: 90% Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 332 North 62nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 332 North 62nd Street

Taxable ValueLand$27,800Additions$111,300Total$139,100
Tax Record2023$1,947 ($162 / month)
Home Facts
Beds0Total Finished SqFt1,880 SqFtAbove Grade Finished SqFt1,880 SqFtStories3Lot Size1,911 SqFtStyleCondominiumYear Built1915ZoningRM1CountyPHILADELPHIAAPN34-1-2286-00

Schools near 332 North 62nd Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - 5 to 12
Rating
School
Distance
Barry Community John School
PublicPK to 8

Sayre William L Middle School
Public9 to 12

Overbrook Edu Center
PublicK to 8

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.

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332 North 62nd Street is a multi-family home for sale in Philadelphia, PA 19139. This property was listed for sale on April 12, 2024 by Select Commercial Advisors, it's currently listed at $399,900. It has been on the market for a total of 20 days and was last sold on October 9, 2019. This listing's school district is Philadelphia City School District. Nearby schools include Barry Community John School, Sayre William L Middle School and Overbrook Edu Center. 332 North 62nd Street is a 3-bed, 4-bath, 1,880 sqft multi-family home built in 1915.

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 Select Commercial Advisors

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.