$395,000

5463-5455 Thomas Ave

PHILADELPHIA PA, 19143

Description

INVESTOR ALERT! Unique investment opportunity awaits you. There are 2 properties that are being sold together. This property is in a hot area of the city and is ready for you to renovate and create a solid investment with positive cash flow. It is presently a shell and the demo is done. The plans are being worked up for a 4-6 unit multi-family apartment building with commercial space on the ground floor. The prime commercial space faces 55th Street and was formerly home to Mathe's bakery. Zoning allows for 4-6 units and with the commercial space the possibilities are endless. A yoga studio, coffee shop, bakery or daycate ctr would benefit from this prime corner location in the hot 19143 zip code. Situated close to universities, hospitals and public transit. See attached preliminary plans in documents and please bring a flashlight for all showings as this is a shell.

Details

MLS#PAPH798590
Sub-TypeResale
StatusActive
Year1920
Days On Site149

Features

SQ Feet1,320
Units4

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19143
Area19143 (19143)
Listing VS Median (in 19143)
Price:
$395,000
low | high
Med:
$119,450
100% of Average
SqFt:
1,320
low | high
Med:
757
92.651515151515% of Average
$ / SqFt:
$299
low | high
Med:
$175
91.576939684506% of Average
On Site:
149
low | high
Med:
103
100% of Average
Listing Updated: 10/13/2019
MLS Number: PAPH798590
Listing Provided By:
Joseph Jacquinto  of  EXP Realty LLC