Philadelphia, PA 19145 2323 Mifflin Street

2323 Mifflin Street Philadelphia, PA - Image 12323 Mifflin Street Philadelphia, PA - Image 22323 Mifflin Street Philadelphia, PA - Image 3
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Presented By: Keller Williams Realty Group
  • MLS# PAPH2463154
  • 03/31/2025
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  • Beds • 2

Home Details

Completely Renovated in 2022, this 3-unit mixed-use property generates significant cash flow, complete with almost 9 Years Remaining of TAX ABATEMENT running through 12/31/33. For additional information, please inquire for the Marketing Packet! The property sits on an impressive lot with street frontage of over 72 feet along Passyunk Ave and 41 feet along Mifflin St. The large, uniquely shaped lot allows for exceptional layouts for both the commercial and apartment units. Located in one of the most desirable neighborhoods in the city, nestled between Point Breeze and West Passyunk, this area is poised for major appreciation. The location is fantastic, offering incredible potential for long-term growth. The property is fully occupied with excellent tenants, featuring a highly functional unit mix. Unit 1 is a large commercial space currently leased by Z&M Social Events, a business specializing in baby showers, birthday parties, and religious gatherings. The space also includes a large basement, perfect for all storage needs. Units 2 and 3 are well-designed 1-bedroom, 1-bathroom apartments, each equipped with central air. The price, size, and condition of the property attract high-quality tenants from various backgrounds, making it an ideal investment. This property also presents an excellent opportunity for business owners, as the commercial space has recently received a Certificate of Occupancy (CO) allowing it to be used as a daycare or for a variety of other uses under the CMX-2 zoning. With great cash flow and tremendous upside, this property is a perfect purchase for both investors and business owners seeking a prime location. Contact us to discuss the numbers dont wait this opportunity wont last long!
Presented By: Keller Williams Realty Group

Interior Features for 2323 Mifflin Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
Central Air Y/NYes
Fireplace Y/NNo
Furnished UnitsNone
Heating FuelOther
Heating Y/NYes
Hot WaterOther
Interior AmenitiesFloor Plan - Open, Kitchen - Island, Recessed Lighting, Sprinkler System, Upgraded Countertops

General for 2323 Mifflin Street

Acceptable FinancingCash, Conventional, Negotiable
AccessibilityNone
AppliancesBuilt-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
Architectural StyleTraditional
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsThe property is at the corner of Mifflin Street and Point Breeze Avenue.
Electric220 Volts
ExclusionsAll Tenants Belongings including and Clothes Washer/Dryer units.
Garage Y/NNo
Gross Income50976.00
HeatingForced Air
Lease TypeYearly
Lot Size Square Feet1612.00
Lot Size UnitsSquare Feet
MLS Area19145 (19145)
ModificationTimestamp2025-04-14T17:32:21
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
NumberOfUnitsVacant
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG151.98
Property ConditionExcellent
Property SubtypeTriplex
Property TypeMulti-Family
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count1
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Tax Annual Amount3638.0
Tax Assessed Value259900.0
Tax Lot217
Tax Year2024
Total Actual Rent50976.00
Total SQFT3932
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station 1 to 5 miles
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningCMX2

Exterior for 2323 Mifflin Street

Foundation DetailsOther
Land Assessed Value51970.00
Land Use CodeBB0
Lot Dimensions41.51 X 72.57 X 8.06 X 65.00
Lot FeaturesCorner
Lot Size Acres0.04
Lot Size SourceAssessor
LotDimensionsSourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $399,999
MLS#PAPH2463154
List Date 03/31/2025
Property Type Multi-Family
Phone 703.929.4729
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