Philadelphia, PA 19125,2633-37 KENSINGTON AVE
Philadelphia, PA 19125,2633-37 KENSINGTON AVE
Philadelphia, PA 19125,2633-37 KENSINGTON AVE
Philadelphia, PA 19125,2633-37 KENSINGTON AVE
Philadelphia, PA 19125,2633-37 KENSINGTON AVE
Philadelphia, PA 19125,2633-37 KENSINGTON AVE
See all 25 photos

$600,000

$690,000

13.0%
Est.Price: ?

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Est. payment /mo

4,360 SqFt


SOLD DATE : 09/29/2023

Key Details

Sold Price $600,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,360 sqft

Price per Sqft $137

Subdivision East Kensington

MLS Listing ID PAPH2217998

Sold Date 09/29/23

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $2,494

Tax Year 2022

Lot Size 2,301 Sqft

Acres 0.05

Lot Dimensions 39.00 x 59.00

Property Description

Investors, take note of this rare opportunity to own a 7-unit value-add building in the heart of East Kensington, Philadelphia! Located at 2633 Kensington Ave, this 3-story property features 5 apartments and 2 commercial spaces, all within walking distance to the Market-Frankford subway line.
This 4,360 sq. ft. property is zoned CMX 2.5, offering a range of potential uses for the right buyer. Featuring 2 units in shell condition and 3 units currently vacant, this property is being presented as a value-add opportunity with significant upside potential. The other 2 units are leased at $1350 and $975 respectively. The projected rent roll after renovations is $93,300/year, making this an excellent income-generating investment. You will be able to perform the renovations while the current tenants are in place, so there will be income during the construction period. Approved plans and drawings are available (STRUCTURAL REPORT IS UPLOADED, 2'X3''s are only avail in person).
With a list price of just $690,000, this property offers tremendous value for the right buyer. After-repair value is estimated to be $1,035,000, providing ample opportunity for a lucrative return on investment.
Located on the outskirts of East Kensington, this property is just minutes from all the best that Philadelphia has to offer. With easy access to major highways, public transportation, and a host of local amenities, this property is perfectly positioned for long-term success. Don't miss out on this incredible opportunity to own a valuable piece of Philadelphia real estate. Contact us today to schedule a showing and see for yourself what makes this property so special!

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning CMX25

Interior

Hot Water Electric

Heating Zoned

Cooling Ductless/Mini-Split

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881299212

Ownership Fee Simple

SqFt Source Assessor

Security Features Exterior Cameras

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Joseph E Fonash • Compass RE
Bought with Joseph E Fonash • Compass RE
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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1765 Greensboro Station Dr., McLean, VA, 22102, United States

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