332 N 62nd Street, Philadelphia, PA 19139 | MLS PAPH2338956 | Listing Information | Nestfully
Courtesy: Piruz Partow - Select Commercial Advisors; Phone: (215) 315-3326
FOR SALE
$399,900

332 N 62nd Street
Philadelphia, PA 19139

2
Beds
1,880
Sq. Ft.
0.04
Acres Lot
Fourplex, Multi-Family
20 days on Nestfully 5 views
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:**- 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 conditions332 N 62nd Street offers an exceptional blend of potential and profitability.
PAPH2338956
Fourplex, Multi-Family
2
Other
1915
PHILADELPHIA
0.04 Acres
Public
Public Sewer
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Courtesy: Piruz Partow - Select Commercial Advisors; Phone: (215) 315-3326
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/2/2024 1:21 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.