Patterson-Schwartz Real Estate1622 W Erie Avenue, Philadelphia, PA 19140-4178 $250,000
Interior Sq. Ft: 2,604
Acreage: 0.03
Age:94 years
Taxes: $5,312
Design/Type:
End of Row/Townhouse
Description
Introducing an exciting investment opportunity at 1622 W Erie Ave - an investor's special awaiting your creative touch! This property offers tremendous potential with four units awaiting a complete rehab to transform them into lucrative income-generating assets. Featuring a mix of unit types including a spacious two-bedroom, two cozy one-bedroom apartments, and a convenient efficiency unit, this property caters to a variety of tenant needs. Although in need of renovation, the first floor unit boasts a separate entrance for added privacy and convenience, as well as access to a rooftop deck - the perfect space to reimagine into a stunning outdoor retreat for residents to enjoy. Parking is made easy with a private party garage, providing secure storage for vehicles or the opportunity to convert into additional living space, subject to appropriate approvals. Located less than a mile from Temple Hospital and the School of Medicine, as well as being within close proximity to the bus depot and subway, this property offers convenience and accessibility for potential tenants. Furthermore, situated in an up-and-coming neighborhood with plans for a hotel development less than a mile away, this investment holds promise for future appreciation and growth potential. Don't miss out on this opportunity to breathe new life into 1622 W Erie Ave and capitalize on the potential for significant returns in this dynamic market.
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: 2.5 % Of Gross
Basement: Y
Pool: No Pool
Features
Utilities
Heating - None, Natural Gas Available, None, None, Instant Hot Water, Public Water, Sewer/Septic - Public Hook/Up Avail
Garage/Parking
Attached Garage, Garage - Side Entry, Attached Garage Spaces #: 1;
Interior
Outside Entrance Basement, Side Entrance Basement, Unfinished Basement, Accessibility - >84" Garage Door, Accessibility - 2+ Access Exits, Accessibility - 32"+ wide Doors
Exterior
Brick/Mortar Foundation, Masonry
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (147 schools)
Public Middle (31 schools)
Public High (69 schools)
Private (119 schools)
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This report is a detailed community overview for Philadelphia (19140), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $29,707
Community Summary
- Population Density (ppl / mile): 16,926
- Household Size (ppl): 2.71
- Households w/ Children: 69%
Housing Inventory
- Owned: 9,443 (41.9%)
- Rented: 9,368 (41.6%)
- Vacant: 3,708 (16.5%)
- Total: 22,519
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 11.5%
- Some High School: 17.2%
- High School Graduate: 41.9%
- Some College: 16.6%
- Associate Degree: 4.2%
- Bachelor's Degree: 5.9%
- Graduate Degree: 2.7%
Income by dollar range
Median Income: $22,790
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $566
- One Bedroom: $698
- Two Bedroom: $868
- Three Bedroom: $962
- Four Bedroom: $950
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-6038
Listing Courtesy of: Marvin Capps Realty Inc , (215) 558-7000, marvincappsrealty@gmail.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 7/05/2024.
