Philadelphia, PA 19126 1407-09 72Nd Avenue

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Presented By: RE/MAX @ HOME
  • MLS# PAPH2281040
  • 09/22/2023
  • Request Tour
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  • SQFT • 4,165

Home Details

Exceptional Investment Opportunity: Twin Townhomes Combined into One. Presenting a unique opportunity with two 3-story twin townhomes combined into a single property, currently operating as a global healthcare service. This building features an interconnected 1st and 2nd floor, with ongoing construction to unify the 3rd floor, enhancing the property's capacity and functionality. The facility includes 11 rooms with 15 beds, each generating $1,500 per month, totaling $22,500 per month and $270,000 annually. The current renovation of the 3rd floor aims to add 3 more rooms, accommodating an additional 9 beds and increasing revenue potential. The property is carpeted throughout and equipped with a boiler system with radiators for heating, along with window units for cooling. The 1st floor includes a large bathroom with 3 toilets and 1 shower, plus a private staff bath. The 2nd floor has 2 full baths, and the 3rd floor features 1 full bath. The basements are separately utilized, with one side housing a kitchen, staff office, and laundry roomfeaturing a commercial refrigerator, freezer, and pantryand the other side is semi-finished for storage. Exterior highlights include a wrap-around porch with wheelchair ramp access, multiple exits, and a fire alarm system with wired smoke detectors. The property is zoned RSA-3 and holds a rental license for 9 residential units, alongside a Certificate of Compliance from the Department of Human Services for up to 15 patients. Buyers are responsible for confirming zoning and use. Located just south of Cheltenham Ave in West Oak Lane, the property boasts a Walk Score of 78, Transit Score of 52, and Bike Score of 54. Nearby parks include Russel Park, Melrose Park, and Simons Playground. This property presents a lucrative investment opportunity. Please note, buyers must have a Personal Care Home Administrator License or proof of enrollment in relevant classes. Dont miss out on this profitable investment opportunity at 1407-09 72nd Ave!
Presented By: RE/MAX @ HOME

Interior Features for 1407-09 72Nd Avenue

Bathrooms

Total Restrooms3

Other Interior Features

Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories3

General for 1407-09 72Nd Avenue

Acceptable FinancingCash, Other
AccessibilityDoors - Swing In, Ramp - Main Level
Association Recreation FeeN
Business TypeMedical
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingWindow Unit(s)
CountyPHILADELPHIA
DirectionsComing from south Broad St make a left onto 72nd Ave and then the property will be on the right hand side.
Gross Income22500.00
HeatingRadiator
Historic Y/NNo
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet7025.00
Lot Size UnitsSquare Feet
MLS Area19126 (19126)
ModificationTimestamp2025-01-24T11:05:43
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total2
OwnershipFee Simple
PossessionImmediate
Possible UseMedical/Dental
Price Per Sq Ft Total AG108.04
Property ConditionAverage
Property SubtypeServices
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameWEST OAK LANE
Tax Annual Amount4020.0
Tax Assessed Value287200.0
Tax Lot62
Tax Year2025
Total Actual Rent270000.00
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
Vacation Rental Y/NNo
ViewStreet
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1930
Year Built SourceAssessor
ZoningRSA3

Exterior for 1407-09 72Nd Avenue

Building Area Total4165.00
Car Parking Spaces3
Land Assessed Value71800.00
Land Use CodeYJ0
Lot Dimensions50.00 x 173.00
Lot Size Acres0.16
Lot Size SourceEstimated
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces3
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $450,000
MLS#PAPH2281040
List Date 09/22/2023
Property Type Commercial
Phone 703.929.4729
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