Description
This 4 unit building in Fishtown has an abundance of potential. The current owner bought recently and started a renovation but is now relocating and needs to sell. There was an ample amount of deferred maintenance when buyer purchased. Among the work that has already been completed includes: All new roofing, 3rd floor siding and downspouts done Dec 2020, 2nd floor roof deck repaired from leaking and underside in unit 4 repaired in 2021, bathrooms and kitchens were rough demo'd, and junk/appliance removal from basement and rest of building. The property is situated on a bustling intersection comprised of Loco Pez, Cedar Point Bar & Kitchen, a laundromat, Coffee Shop, and a yoga studio. So many things to do in one place! One of the units(Efficiency) is currently rented for $700/mo on a month to month lease. The other units are a 2BR/1BA unit on first floor with basement Laundry access, a 2BR/1BA unit on the second and third floors is spaced out with an abundance of old building character, and a final unit with 3BR/2BA with 2 rooftop deck areas, and a ton of natural light. The potential here is huge as many sold, comparable 4 unit buildings of this size are close to or over a Million dollars. There is also the potential for commercial use if desired but that must be verified by buyer. There is so much potential here for someone willing to take on the renovation. The rewards would prove to be quite large.
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0BEDS
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0.02ACRES
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0BATHS
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01/2 BATHS
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3,375SQFT
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$160$/SQFT
Description
This 4 unit building in Fishtown has an abundance of potential. The current owner bought recently and started a renovation but is now relocating and needs to sell. There was an ample amount of deferred maintenance when buyer purchased. Among the work that has already been completed includes: All new roofing, 3rd floor siding and downspouts done Dec 2020, 2nd floor roof deck repaired from leaking and underside in unit 4 repaired in 2021, bathrooms and kitchens were rough demo'd, and junk/appliance removal from basement and rest of building. The property is situated on a bustling intersection comprised of Loco Pez, Cedar Point Bar & Kitchen, a laundromat, Coffee Shop, and a yoga studio. So many things to do in one place! One of the units(Efficiency) is currently rented for $700/mo on a month to month lease. The other units are a 2BR/1BA unit on first floor with basement Laundry access, a 2BR/1BA unit on the second and third floors is spaced out with an abundance of old building character, and a final unit with 3BR/2BA with 2 rooftop deck areas, and a ton of natural light. The potential here is huge as many sold, comparable 4 unit buildings of this size are close to or over a Million dollars. There is also the potential for commercial use if desired but that must be verified by buyer. There is so much potential here for someone willing to take on the renovation. The rewards would prove to be quite large.
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