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601-5 E Chelten Avenue

PHILADELPHIA, PA 19144
  • $569,900
  • STATUS: Active
  • ON SITE: 96 Days
  • ID#: PAPH2109804
UPDATED: 64 min ago
$569,900
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Description

A beautiful, statuesque property resting on a large gated lot in East Germantown. This property was previously used as a daycare center for many years. It is actually configured and designed for this purpose. However, since the daycare use has been discontinued for some time, the property zoning status has reverted to single-family (RM1). This presents a unique opportunity for either an estate home purchaser or an investor buyer. Option one is to renovate the property into a massive single-family home having 7+ large bedrooms and multiple bathrooms. Option two would be to acquire the property as-is, then pursue a zoning variance to redevelop the property into a 7-unit apartment building, having 7-parking spaces in the rear. This options is perhaps the most feasible and lucrative use of the property. In fact, multifamily is the most demanded property type in the immediate area. Without a doubt, an investor will likely hit a home run with this project. The seller is a very savvy businesswoman who is also very motivated. Don't let this wonderful and profitable opportunity pass!

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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 Century 21 Dale Realty Co. 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: 2022-08-11T12:06:14.697.
www.century21dale.com/homes/128420756
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601-5 E Chelten Avenue PHILADELPHIA, PA 19144

  • Price: $569,900
  • Status: Active
  • On Site: 96 Days
  • Updated: 64 min ago
  • ID#: PAPH2109804
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1950
Built
Neighborhood:
19144 (19144)
County:
Philadelphia
Area:
19144 (19144)
School District:
The School District Of Philadelphia
Property Description
A beautiful, statuesque property resting on a large gated lot in East Germantown. This property was previously used as a daycare center for many years. It is actually configured and designed for this purpose. However, since the daycare use has been discontinued for some time, the property zoning status has reverted to single-family (RM1). This presents a unique opportunity for either an estate home purchaser or an investor buyer. Option one is to renovate the property into a massive single-family home having 7+ large bedrooms and multiple bathrooms. Option two would be to acquire the property as-is, then pursue a zoning variance to redevelop the property into a 7-unit apartment building, having 7-parking spaces in the rear. This options is perhaps the most feasible and lucrative use of the property. In fact, multifamily is the most demanded property type in the immediate area. Without a doubt, an investor will likely hit a home run with this project. The seller is a very savvy businesswoman who is also very motivated. Don't let this wonderful and profitable opportunity pass!
Exterior Features

Construction Materials MasonryStone Garage YN No Parking Features Paved Parking Parking Types DrivewayOn Street Property Condition Average Riparian Rights YN No Road Responsibility City/County Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4430.00 Cooling Window Unit(S) Heating Baseboard - Hot Water Heating YN Yes Net Square Feet 4430.00

Property Features

Accessibility Features None Assessment Year 2022 Building Permits No Building Permits Business Type Day Care Facility Central Air YN No Cooling Fuel Electric Electric 200+ Amp Service Heating Fuel Natural Gas Hot Water Natural Gas Internet Services Cable Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801516147754 Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Special Purpose Sale Type Standard Sewer Public Sewer Tax Annual Amount 3733.00 Tax Assessment Amount 266700.00 Tax Lot 6016 Transportation Bus Stop Less Than 1 Mile Utilities Electric AvailableNatural Gas AvailableCable Tv AvailablePhone Available Vacation Rental YN No Water Source Public Zoning Rsa3

Listing courtesy of Sherman Toppin Real Estate Llc.


©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 Century 21 Dale Realty Co. 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: 2022-08-11T12:06:14.697.
 
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Century 21 Dale Realty Co
360 Loucks Road
York PA, 17404