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2246 N Front Street

PHILADELPHIA, PA 19133
  • $195,000
  • STATUS: Active Under Contract
  • ON SITE: 168 Days
  • ID#: PAPH2099952
Under Contract
UPDATED: 18 min ago
$195,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

New construction is everywhere around this golden opportunity on this critical artery of the Fishtown Kensington development boom. This double wide property (2244-46 N Front St) is currently being used as a general medical practice. The1st floor is straight through both parcels and has no dividing wall. The basement is separated by a party wall as well as the 2nd and 3rd floors. The 2nd and 3rd floor are used for storage and are currently not occupied nor are they set up as residential units. These properties and medical practice can be bought collectively or separately. The asking price for each property is $200,000 and the medical practice is asking $600,000 to buy the business. By right you are able to develop this building to gross about 3,072 Sq/Ft containing 2 units. The price per Sq/Ft for commercial spaces from a rental standpoint is roughly $1.58. The commercial space covers the whole lot estimating rent to be roughly $1,600/month. Ideally it would be best to develop the residential units into a 3 bed 2 bath unit which we conservatively estimated rent to be $1,800/month. The potential income from this property is estimated at $3,400/month. This can be a fantastic opportunity for any medical professional looking to start a practice, already have clientele in place and begin making money the day after closing.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-05T11:57:17.393.
www.execuhome.com/homes/127831855
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2246 N Front Street PHILADELPHIA, PA 19133

  • Price: $195,000
  • Status: Active Under Contract
  • On Site: 168 Days
  • Updated: 18 min ago
  • ID#: PAPH2099952
0
Beds
0
Baths
0
½ Baths
0.02
Acres
1925
Built
Neighborhood:
19133 (19133)
County:
Philadelphia
Area:
19133 (19133)
School District:
The School District Of Philadelphia
Property Description
New construction is everywhere around this golden opportunity on this critical artery of the Fishtown Kensington development boom. This double wide property (2244-46 N Front St) is currently being used as a general medical practice. The1st floor is straight through both parcels and has no dividing wall. The basement is separated by a party wall as well as the 2nd and 3rd floors. The 2nd and 3rd floor are used for storage and are currently not occupied nor are they set up as residential units. These properties and medical practice can be bought collectively or separately. The asking price for each property is $200,000 and the medical practice is asking $600,000 to buy the business. By right you are able to develop this building to gross about 3,072 Sq/Ft containing 2 units. The price per Sq/Ft for commercial spaces from a rental standpoint is roughly $1.58. The commercial space covers the whole lot estimating rent to be roughly $1,600/month. Ideally it would be best to develop the residential units into a 3 bed 2 bath unit which we conservatively estimated rent to be $1,800/month. The potential income from this property is estimated at $3,400/month. This can be a fantastic opportunity for any medical professional looking to start a practice, already have clientele in place and begin making money the day after closing.
Exterior Features

Architectural Style Traditional Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Wall Unit Fireplaces Total 0 Heating Baseboard - Electric Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Accessibility Features Doors - Swing In Assessment Year 2022 Central Air YN No Cooling Fuel Electric Foundation Details Concrete Perimeter Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 801444123072 Ownership Interest Fee Simple Possession Immediate Property Sub Type Other Sale Type Standard Sewer Public Septic Structure Design Type Interior Row/Townhouse Tax Annual Amount 1380.00 Tax Assessment Amount 98600.00 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Ergo Real Estate Company: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-05T11:57:17.393.
 
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