PA > Philadelphia > West Oak Lane
Philadelphia, PA 19126,1407-09 72ND AVE
Philadelphia, PA 19126,1407-09 72ND AVE
Philadelphia, PA 19126,1407-09 72ND AVE
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$450,000
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4,165 SqFt
Price Dropped by $49K

1407-09 72ND AVE Philadelphia, PA 19126

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Melissa Roswell

Melissa Roswell

+1(856) 904-9502

UPDATED:

11/05/2024 04:18 PM

Key Details

Property Type Commercial

Sub Type Services

Listing Status Active

Purchase Type For Sale

Square Footage 4,165 sqft

Price per Sqft $108

Subdivision West Oak Lane

MLS Listing ID PAPH2316666

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $4,020

Tax Year 2023

Lot Size 7,025 Sqft

Acres 0.16

Lot Dimensions 50.00 x 173.00

Property 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!

Location

State PA

County Philadelphia

Area 19126 (19126)

Zoning RSA3

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

View Street

Accessibility Doors - Swing In, Ramp - Main Level

Parking Type On Street

Garage N

Building

Lot Description Rear Yard

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881053978

Ownership Other

SqFt Source Estimated

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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1407-09 72ND AVE

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