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    2126-32 E Somerset Street

    PHILADELPHIA, PA 19134
    • $1,543,840
    • STATUS: Active
    • ON SITE: 447 days
    • ID#: PAPH843664
    UPDATED: 34 min ago
    $1,543,840
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Investor or Developer. Lot size 10,240 sqft. Great opportunity to acquire a significant parcel in a sought after area for both residential and commercial uses in Philadelphia. RSA5 zoning. Huge 19298 sqft building, goes from street to street. Property is situated in a energized, gentrifying neighborhood. Surrounded by new developments. Just blocks away from entertainment and public transportation to Center City. The existing building provides the ability to hold & market as rental space which has a large center courtyard. Several of the units are made up with apartment floor plans, spacious artist studios and several undeveloped spaces being rented as garages and are very well ventilated and secure. This is a multi-use, it has apartments, artist spaces and oversized garages. Rent gross approximately $105,000 per year. (4) 1 br apartments, (1) 2br apartment, (6) artist studios, (3) separate spacious garages totaling 6000 sqft. Or demo to take advantage of the full lot size and maximize profits. This site borders Fishtown, East Kensington and Port Richmond Philadelphia. Steps away from both Kensington Avenue and Aramingo Avenue one of the primary commercial corridors serving the surrounding areas.

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    ©2021 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 Murray & Co. Real Estate. 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: 2021-01-15T09:53:06.13.
    www.mcre.com/homes/100278156
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    2126-32 E Somerset Street PHILADELPHIA, PA 19134

    • Price: $1,543,840
    • Status: Active
    • Updated: 34 min ago
    • ID#: PAPH843664
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1929
    Built
    Neighborhood:
    Port Richmond
    County:
    Philadelphia
    Area:
    19134 (19134)
    School District:
    The School District Of Philadelphia
    Property Description
    Investor or Developer. Lot size 10,240 sqft. Great opportunity to acquire a significant parcel in a sought after area for both residential and commercial uses in Philadelphia. RSA5 zoning. Huge 19298 sqft building, goes from street to street. Property is situated in a energized, gentrifying neighborhood. Surrounded by new developments. Just blocks away from entertainment and public transportation to Center City. The existing building provides the ability to hold & market as rental space which has a large center courtyard. Several of the units are made up with apartment floor plans, spacious artist studios and several undeveloped spaces being rented as garages and are very well ventilated and secure. This is a multi-use, it has apartments, artist spaces and oversized garages. Rent gross approximately $105,000 per year. (4) 1 br apartments, (1) 2br apartment, (6) artist studios, (3) separate spacious garages totaling 6000 sqft. Or demo to take advantage of the full lot size and maximize profits. This site borders Fishtown, East Kensington and Port Richmond Philadelphia. Steps away from both Kensington Avenue and Aramingo Avenue one of the primary commercial corridors serving the surrounding areas.
    Exterior Features

    Construction Materials Brick Garage YN No Location Type Urban Parking Types None Riparian Rights YN No Road Responsibility Private Road Surface Type Us Highway/Interstate Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 19298.00 Cooling Ceiling Fan(S)Multi UnitsWindow Unit(S) Fireplace YN No Flooring Tile/BrickHeavy Duty Heating RadiatorHot Water & Baseboard - ElectricForced Air Heating YN Yes Net Square Feet 19298.00 Room List Primary Bedroom Walls Ceilings OtherMasonry

    Property Features

    Accessibility Features 32"+ Wide Doors>84" Garage Door Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN No Condo YN No Cooling Fuel Electric Cross Street Tulip Electric 200+ Amp Service Existing Lease Type Net Foundation Details Brick/Mortar Gross Income 105000.00 Heating Fuel ElectricNatural Gas Hot Water Natural GasElectric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 8 Original MLSNumber 302128821180 Ownership Interest Fee Simple Possession 61-90 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 3396.00 Tax Assessment Amount 242600.00 Tenant Pays ElectricityHeatGasWater Utilities Sewer AvailableNatural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Zoning Rsa5

    Listing courtesy of Penn Liberty Real Estate.


    ©2021 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 Murray & Co. Real Estate. 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: 2021-01-15T09:53:06.13.
     
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