INVESTORS BEHOLD! 332 N 62nd Street is a golden opportunity for savvy investors seeking a lucrative addition to their portfolio. This property is also perfect for the beginning investor looking for their first investment. The property is part of a six unit portfolio. Here's what makes this investment stand out: **Income Potential:** This multi-unit property boasts 4 spacious units, each offering comfortable living spaces and modern amenities. Whether you're targeting long-term renters or looking to live in one of the units and rent the others, the income potential is substantial. With competitive rental rates in the area and increasing demand for housing, you can expect a consistent cash flow and attractive returns on your investment. **Value-Add Opportunity:** While the property is already generating income, there's ample room for value enhancement. With a strategic renovation or upgrade plan, you can maximize rental income and increase property value. Whether it's modernizing interiors, enhancing curb appeal, or adding amenities, the potential for appreciation is significant. The property does already have a State of the Art Security System with electronic entry and a full sprinkled interior with an up to date fire alarm system. **Prime Location:** Situated in the vibrant and rapidly developing Haddington neighborhood of Philadelphia, this property is strategically positioned to capitalize on the growth of West Philadelphia. It is a short walk to the Market/Frankford 63rd street station. The #30 & #31 buses are steps away. There is easy access to major transportation routes, as well as, all of the renowned West Philadelphia universities, employment hubs, and a plethora of amenities. This location is highly desirable for tenants seeking convenience and connectivity. Very close to Haddington Woods and Cobbs Creek Park. Wonderful restaurants are within walking distance: Jim’s Steaks West, 5-Star Jamaican, Morronne’s Water Ice etc. **Stable Market Dynamics:** West Philadelphia's real estate market has demonstrated resilience and stability, making it an ideal environment for investors seeking long-term growth. With a diverse economy, a thriving job market, and a steady influx of residents, the demand for rental properties remains robust. **Investment Highlights:** - Multi-unit property with 4 units - Prime location in the heart of Philadelphia, PA - Strong rental demand and competitive rental rates - Value-add opportunities for increased cash flow and appreciation - Stable and growing real estate market with favorable investment conditions 332 N 62nd Street offers an exceptional blend of potential and profitability.
Sold for $400,000 on 05/31/24
$400,000
332 N 62nd St, Philadelphia, PA 19139
3beds
4baths
1,880sqft
Townhouse
Built in 1915
-- sqft lot
$411,700 Zestimate®
$213/sqft
$1,420 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 06, 2024 at 01:30pm
Listed by:
Piruz Partow 646-436-1222,
Select Commercial Advisors,
Co-Listing Agent: Samantha Lee Miller 215-315-3326,
Select Commercial Advisors
Bought with:
Piruz Partow, RS362309
Select Commercial Advisors
Source: Bright MLS,MLS#: PAPH2338956

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Basement: Improved
- Has fireplace: No
Interior area
- Total structure area: 1,880
- Total interior livable area: 1,880 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,911 sqft
- Dimensions: 16.00 x 122.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 341228600
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: AirLite
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Other
Condition
- New construction: No
- Year built: 1915
- Major remodel year: 2020
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
HOA & financial
Other financial information
- Total actual rent: 46800
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Conventional,FHA,Cash,VA Loan
- Ownership: Fee Simple
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$411,700
2% more+ $8,234
With Zillow Showcase(estimated)
$419,934