5924 MASTER ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19151
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $126
MLS Listing ID PAPH2433724
Style Other
Abv Grd Liv Area 1,980
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,232
Tax Year 2024
Lot Size 1,913 Sqft
Acres 0.04
Lot Dimensions 23.00 x 85.00
Property Description
Exciting Investment Opportunity!
This property is the perfect project for an investor ready to add value and see great returns. Fully zoned and designed for four units, the layout includes two spacious 2-bedroom, 1-bath units and two cozy 1-bedroom, 1-bath units. Also has the potential to add 1 or 2 units in the basement. The property is already framed, and all exterior work has been completed, saving you time and effort. All violations have been addressed and officially closed out, giving you a clean slate to move forward.
The plans are fully approved, though the permit will need renewal, and with just $150,000 in renovations, you can bring this property to life. An appraisal values the completed property at $550,000 in 2013, making this a fantastic opportunity to generate equity and rental income. Property should appraise at least 600k in 2025.
If you're ready to invest in a project with incredible potential, don't miss this chance! Reach out today to learn more and take the next step in building this amazing property. Looking for a fast 30 day close. All reasonable offers are welcomed and considered.
Location
State PA
County Philadelphia
Area 19151 (19151)
Zoning RM1
Rooms
Basement Daylight, Full
Interior
Hot Water None
Heating None
Cooling None
Fireplace N
Heat Source None
Exterior
Water Access N
Accessibility 36\"+ wide Halls
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 342021200
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard