Philadelphia, PA 19140 1421 W Erie Avenue
$325,000
12 more
Presented By: KW Empower
SQFT • 3,162
SQFT • 3,162Home Details
Recently appraised for $1.2m ARV building needs about 250k of work to this Value add legal 7 unit on bustling corridor, w/ a non conforming 5th residential unit on roof level. NOI is based on projections post construction and fully occupied. 3 commercial zoned spaces: 1st fl front is a small barber shop ( this tenant pays $3000 per month gross lease for the barber shop and 2nd floor residential units), 1st fl rear is a vacant salon, which also has real estate office zoning and basement level (undeveloped raw space) is zoned for a restaurant - up to 30 seats w/ private access to rear yard.
Presented By: KW Empower
Interior Features for 1421 W Erie Avenue
Other Interior Features
Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories4
General for 1421 W Erie Avenue
AccessibilityNone
Business TypeApartment Building, Convenience Store/Gas, Day Care Facility, Hair Salon and Spa
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsOn Erie Ave
Gross Income116160.00
HeatingCentral
Lot Size Square Feet1900.00
Lot Size UnitsSquare Feet
MLS Area19140 (19140)
ModificationTimestamp2025-04-30T00:24:11
MunicipalityPHILADELPHIA
Net Operating Income70718.00
New ConstructionNo
Number Of Units Total7
OwnershipFee Simple
PossessionImmediate
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameALLEGHENY WEST
Tax Annual Amount4522.0
Tax Assessed Value323100.0
Tax Lot192
Tax Year2025
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1930
Year Built SourceAssessor
ZoningCMX2.5
Exterior for 1421 W Erie Avenue
Building Area Total0.00
Car Parking Spaces
Land Assessed Value64620.00
Land Use CodeU50
Lot Dimensions20.00 x 95.00
Lot Size Acres0.04
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
