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Active
1421 W ERIE AVE Philadelphia, PA 19140
1,900 Sqft Lot
UPDATED:
09/24/2024 03:10 AM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Allegheny West
MLS Listing ID PAPH2374280
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $6,826
Tax Year 2024
Lot Size 1,900 Sqft
Acres 0.04
Lot Dimensions 20.00 x 95.00
Property Description
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.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning CMX2.5
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 131054800
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Richard K Cassell • KW Empower
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