$450,000
( $108.04Per Sq Foot )
 $2,416 forsale estimated payment Sourced by Back At You

1407-09 72nd Ave , Philadelphia, PA 19126

Philadelphia, PA 19126

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Description

Here is an exceptional investment opportunity: two 3-story twin townhomes combined into one, currently operating as a global health care service. This property features 11 rooms with a total of 15 beds, all currently occupied. Each bed generates $1,500 per month, totaling $22,500 per month and $270,000 per year. The property is undergoing an expansion on the 3rd floor to add 3 more rooms, which will accommodate 9 additional beds, further increasing potential income. The building is fully carpeted and equipped with a boiler system and radiators for heating, plus window units for cooling. The first floor includes a large bathroom with 3 toilets and 1 shower, as well as a private bath for staff. The second floor has 2 full baths, and the third floor has 1 full bath. The basements of the two properties are currently separated: one side features a kitchen with a commercial refrigerator, freezer, pantry, office space for staff, and a laundry room, while the other side is semi-finished and used for storage. The property boasts a wrap-around porch on the ground level with wheelchair access, multiple exits, and a fire alarm system with wired smoke detectors. It is zoned as RSA-3, has a rental license for 9 residential units, and a Certificate of Compliance from the Department of Human Services allowing care for up to 15 patients. The buyer will need to confirm the zoning and use of the property. Located just south of Cheltenham Ave in West Oak Lane, the property benefits from a Walk Score of 78, a Transit Score of 52, and a Bike Score of 54. Nearby parks include Russel Park, Melrose Park, and Simons Playground. This property offers a lucrative investment opportunity. Buyers must have a Personal Care Home Administrator License or provide proof of enrollment in related classes. Don’t miss out on this chance to acquire a high-income generating property at 1407-09 72nd Ave!

Details

MlsPAPH2316666
Listing TypeFor Sale
SubtypeResale
StatusActive
Year1930
Days On Site320
Listing Provided ByRE/MAX @ HOME | Maria Maria Quattrone Quattrone

Features

Sq Feet4,165
ZoningRSA3
Acreage0.16
Property ViewYes

Market Activity 19126

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Listings Checked: 46 seconds ago
StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19126
Area19126
Community NameWest Oak Lane
School DistrictThe School District Of Philadelp
Listing VS Median (in West Oak Lane)
Price:
$450,000
low | high
Med:
$199,800
100% of Average
SqFt:
4,165
low | high
Med:
1,860
100% of Average
$ / SqFt:
$108
low | high
Med:
$107
50.577419354839% of Average
On Site:
320
low | high
Med:
50.000000
100% of Average
Sourced by Back At You
Listing Updated: December 6, 2024 at 2:42:12 PM PST