332 North 62nd Street
332 North 62nd Street
$399,900
3
4
1,880
1,880
$213
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.
- 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.
- Listed by Piruz Partow • Select Commercial AdvisorsP: 6464361222 piruzpartow@gmail.com
- Listed by Samantha Lee Miller • Select Commercial AdvisorsP: 2153153326 samantha@select-ca.com
Property Details for 332 North 62nd Street
Tax ID Number
341228600
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleAirLite
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Central AirYes
Location
LISTING UPDATED: 04/25/2024 01:16 PM
Property Details for 332 North 62nd Street
Status | Active |
---|---|
MLS # | PAPH2338956 |
Days on Market | 20 |
Taxes | $1,947 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1915 |
Lot Size | 0.04 AC / 1,911 SF |
County | Philadelphia County |
Location
Building Information for 332 North 62nd Street
Stories-Residences4Year Built1915Building Size-Lot Size0.04 AC / 1,911 SF
Payment Calculator
$2,345 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 332 North 62nd Street
Property History for 332 North 62nd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
The Science Leadership Academy At Beeber Public5 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.
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