$ 875,000
261 E HIGH ST Philadelphia, PA 19144
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$ 875,000
Est. payment | /mo
0.41 Acres Lot
$ 875,000
Est. payment | /mo
0.41 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2418556
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $4,839
Tax Year 2024
Lot Size 0.414 Acres
Acres 0.41
Lot Dimensions 106.00 x 170.00
Property Description
An exceptional 6 UNIT investment opportunity awaits in the vibrant Germantown Philadelphia. 7,036 SF multifamily property located at 261 E High St comprised of 2 detached homes. See unit breakdown in documents. Amazing curb appeal with a long driveway leading to 2 detached garages (now rented separately) and ample parking for the tenants. The main entrance to the large Victorian leads into breathtaking 3BR bi-level unit, which preserved it's original wood work and floors and will take your breath away. This unit could be converted to a unique AirBandB for even higher potential income or for owner to move into once lease is up. 5 units are in the Victorian property and the 6th unit - also a 3BR is behind the main house. It is detached and has a spacious open layout. Nestled in the historic Germantown neighborhood, this property promises significant appreciation potential and steady rental income. Boasting a prime location with proximity to public transportation, schools, and shopping centers, High St. is perfect for attracting a diverse tenant base. The property offers well kept and spacious living areas, making it an attractive option for both tenants and investors. Investment Pro-Forma is in documents.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RSA3
Interior
Hot Water Multi-tank
Heating Radiant
Cooling Ceiling Fan(s), Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
Accessibility Other
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 592041500
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Jacqueline J. Tobin • Century 21 Advantage Gold-South Philadelphia
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Muller Dessie
Real Estate Consultant