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4340-42 Cresson Street

PHILADELPHIA, PA 19127
  • $575,000
  • STATUS: Active Under Contract
  • ON SITE: 50 Days
  • ID#: PAPH2099820
Under Contract
UPDATED: 212 min ago
$575,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:

Description

Amazing opportunity to own this Commercial Duplex/ investment property on extra-large double wide corner lot in Manayunk. Located steps away from Main Street! Both units are tenant occupied. The Cresson St. unit has two nicely sized bedrooms, one full bath, eat in kitchen, living room and walk in closet, laundry room. The Grape St. unit has 3 bedrooms, 2 full bathrooms, generously sized eat in kitchen, dining room with gas fireplace. Spacious rooms give you a more industrial modern vibe with its expansive living room ceilings, exposed duct work, wet bar, and a third-floor loft/3rd bedroom. Both units equipped with central air and gas heat. There is a full basement with separate entrance that could also be rented out or used for storage. Two units generate $3,100 in monthly income (rent is under current market value - and has not been increased for 3 years). So, sit back and have those rents pay your mortgage and watch your investments grow in Manayunk+GGs prime location. This property is perfect for an investor, possible storefront / small business location or the house hacking extraordinaire looking to have housing expenses paid by tenants.The property has favorable zoning designation CMX-2.5 that permits a variety of commercial uses including Office, Retail, Professional Services, Art Studio and many more options. Current tenant lease expires 8/2022.

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©2022 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 Charis Realty Group. 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: 2022-05-21T23:50:35.697.
www.charisrealtygroup.com/homes/127278839
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4340-42 Cresson Street PHILADELPHIA, PA 19127

  • Price: $575,000
  • Status: Active Under Contract
  • On Site: 50 Days
  • Updated: 212 min ago
  • ID#: PAPH2099820
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1900
Built
Neighborhood:
19127 (19127)
County:
Philadelphia
Area:
19127 (19127)
Elementary School:
James Dobson School
Middle School:
James Dobson School
High School:
Roxborough
School District:
The School District Of Philadelphia
Property Description
Amazing opportunity to own this Commercial Duplex/ investment property on extra-large double wide corner lot in Manayunk. Located steps away from Main Street! Both units are tenant occupied. The Cresson St. unit has two nicely sized bedrooms, one full bath, eat in kitchen, living room and walk in closet, laundry room. The Grape St. unit has 3 bedrooms, 2 full bathrooms, generously sized eat in kitchen, dining room with gas fireplace. Spacious rooms give you a more industrial modern vibe with its expansive living room ceilings, exposed duct work, wet bar, and a third-floor loft/3rd bedroom. Both units equipped with central air and gas heat. There is a full basement with separate entrance that could also be rented out or used for storage. Two units generate $3,100 in monthly income (rent is under current market value - and has not been increased for 3 years). So, sit back and have those rents pay your mortgage and watch your investments grow in Manayunk+GGs prime location. This property is perfect for an investor, possible storefront / small business location or the house hacking extraordinaire looking to have housing expenses paid by tenants.The property has favorable zoning designation CMX-2.5 that permits a variety of commercial uses including Office, Retail, Professional Services, Art Studio and many more options. Current tenant lease expires 8/2022.
Exterior Features

Construction Materials BrickCopper PlumbingCpvc/PvcMasonryMixed PlumbingStucco Garage YN No Parking Types On Street Property Condition Average Riparian Rights YN No Roof ShinglePitched Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4232.00 Cooling Central A/C Flooring CarpetCeramic TileVinyl Heating Hot Water Heating YN Yes Inclusions All Appliances Net Square Feet 4232.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Other Central Air YN Yes Cooling Fuel Natural Gas Cross Street Grape Foundation Details Concrete Perimeter Heating Fuel Natural Gas Hot Water Natural GasElectric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 801443252248 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 5937.00 Tax Assessment Amount 424200.00 Tax Lot 31 Utilities Electric AvailableSewer AvailableWater AvailableNatural Gas Available Vacation Rental YN No Water Source Public Zoning Cmx25 Zoning Description Cmx2

Listing courtesy of Re/Max Main Line-Paoli.


©2022 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 Charis Realty Group. 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: 2022-05-21T23:50:35.697.
 
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