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5622 N 2ND Street

PHILADELPHIA, PA 19120
  • $425,000
  • STATUS: Active
  • ON SITE: 171 Days
  • ID#: PAPH2390714
UPDATED: 29 min ago
$425,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,115
    SQFT
  • $201
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

This standalone, fully refurbished, 2,415 sq. ft building presents an exceptional investment opportunity. It currently features three fully rented units, an open, inviting porch and front lawn, and a large backyard area with easy access to develop ADU units (additional dwelling units), for increased revenue.Each apartment has been thoroughly upgraded with new hardwood floors throughout, stainless steel appliances, refrigerators, stoves, and microwaves, along with new ceiling fans, and fresh coats of paint. Bathrooms have been upgraded as well with new toilets and showers.The first-floor unit is versatile, with two entrances and the option to configure it as a spacious one-bedroom or two-bedroom apartment. It also includes two dedicated parking spaces.The second and third floors host one-bedroom, one-bathroom units, each meticulously renovated, and with its own individual style and character. (current rents $1,250, $1,250 and $950)Recent updates include a brand-new roof, entire building power-washed, refreshed common areas with new carpeting, and a well-maintained exterior, along with a detached storage space in the rear, all adding the finishing touches. This property also has a modernized finished basement with a separate entrance, presenting a prime opportunity for additional rental income. 5622 N. 2nd St. is perfect for the savvy investor, NACA candidate, or 1031 Exchange individual, being sold as is.****Owner says to bring all reasonable offers.****

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Erik Hoferer & Associates | Long & Foster. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-17T15:52:02.493.
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5622 N 2ND Street PHILADELPHIA, PA 19120

  • Price: $425,000
  • Status: Active
  • On Site: 171 Days
  • Updated: 29 min ago
  • ID#: PAPH2390714
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2,115
SQFT
$201
$/SQFT
1930
Built
Neighborhood:
Olney
County:
Philadelphia
Area:
19120 (19120)
School District:
The School District Of Philadelphia
Property Description
This standalone, fully refurbished, 2,415 sq. ft building presents an exceptional investment opportunity. It currently features three fully rented units, an open, inviting porch and front lawn, and a large backyard area with easy access to develop ADU units (additional dwelling units), for increased revenue.Each apartment has been thoroughly upgraded with new hardwood floors throughout, stainless steel appliances, refrigerators, stoves, and microwaves, along with new ceiling fans, and fresh coats of paint. Bathrooms have been upgraded as well with new toilets and showers.The first-floor unit is versatile, with two entrances and the option to configure it as a spacious one-bedroom or two-bedroom apartment. It also includes two dedicated parking spaces.The second and third floors host one-bedroom, one-bathroom units, each meticulously renovated, and with its own individual style and character. (current rents $1,250, $1,250 and $950)Recent updates include a brand-new roof, entire building power-washed, refreshed common areas with new carpeting, and a well-maintained exterior, along with a detached storage space in the rear, all adding the finishing touches. This property also has a modernized finished basement with a separate entrance, presenting a prime opportunity for additional rental income. 5622 N. 2nd St. is perfect for the savvy investor, NACA candidate, or 1031 Exchange individual, being sold as is.****Owner says to bring all reasonable offers.****
Exterior Features

Architectural Style Traditional Construction Materials Masonry Garage YN No Parking Types DrivewayOn Street Patio And Porch Features Porch(es) Pool No Pool Property Condition Very Good Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2115 Appliances MicrowaveOven/Range - ElectricRefrigerator Basement Fully Finished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions Tenant's belongings. Fireplace YN No Heating Baseboard - Electric Heating YN Yes Interior Features Ceiling Fan(s) Security Features Smoke DetectorCarbon Monoxide Detector(s) Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished None

Property Features

Acceptable Financing ConventionalFHACash Accessibility Features None Central Air YN No Cooling Fuel None Existing Lease Type Yearly Foundation Details Brick/Mortar Heating Fuel Electric Historic YN No Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Original MLSNumber 803319820392 Owner Pays Snow RemovalWaterCommon Area MaintenanceLawn/Shrub Care Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 3317.00 Tax Lot 275 Vacation Rental YN No Water Source Public Zoning RSA3

Listing courtesy of XL Realty Group: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Erik Hoferer & Associates | Long & Foster. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-17T15:52:02.493.
 
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