1901 N 23Rd Street, Philadelphia, PA 19121-2024 $249,000

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# of Units: 4
Interior Sq. Ft: 2,850
Acreage: 0.03
Age:110 years
Taxes: $1,114
MLS#: PAPH2465818
Subdivision: Stanton
Design/Type:
Other

Description

Prime Investment Opportunity in the growing neighborhood near Brewerytown/Strawberry Mansion. This 2-story corner property spans 2,850 sq/ft and has zoning approval for 5 units, offering multiple income streams. Blueprints are in place for the configuration of the property which consists of (2) ground-floor commercial units and (3) residential apartments—(1) one-bedroom and (2) two-bedroom units. The building is in shell condition and will need a full rehab from top to bottom. Blueprints and zoning approval are readily available. The possibilities with this property are endless. It can be completed and held as a cash-flowing asset or a fix-and-flip opportunity, allowing for a profitable resale after renovations. An owner-user could live in one of the residential units while generating rental income from the others to cover the mortgage payment. Or even a business can purchase the property and have all the other units cover the mortgage to reduce overhead costs and increase profits. Located in the rapidly growing neighborhood near Brewerytown/Strawberry Mansion, this property offers strong appreciation potential and multiple exit strategies. Schedule a showing today to explore this excellent investment opportunity.

Taxes: $1,114
Home Assoc: No
Condo Assoc: No
Garage: N
Basement:
Pool: No Pool
School Dist: The School District Of Philadelphia

Features

Utilities
Heating - None, None, None, None, Hot Water - Electric, Public Water, Public Sewer, Electric Available

Garage/Parking
On Street

Exterior
Brick/Mortar Foundation, Rubber Roof, Masonry, Sidewalks, Street Lights

Lot
Corner Lot, Urban, City View, Street View

Contact Information

Listing Courtesy of: RE/MAX @ HOME , (215) 607-3535, thelistingteam@liveloveathome.com

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Listing data as of 4/08/2025.