1407-09 72ND AVE Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19126
Key Details
Property Type Commercial
Sub Type Services
Listing Status Active
Purchase Type For Sale
Square Footage 4,165 sqft
Price per Sqft $119
Subdivision West Oak Lane
MLS Listing ID PAPH2316666
Year Built 1930
Annual Tax Amount $4,020
Tax Year 2023
Lot Size 7,025 Sqft
Property Description
Here is an exceptional investment opportunity: two 3-story twin townhomes combined into one, currently operating as a global health care service. This property features 11 rooms with a total of 15 beds, all currently occupied. Each bed generates $1,500 per month, totaling $22,500 per month and $270,000 per year. The property is undergoing an expansion on the 3rd floor to add 3 more rooms, which will accommodate 9 additional beds, further increasing potential income.
The building is fully carpeted and equipped with a boiler system and radiators for heating, plus window units for cooling. The first floor includes a large bathroom with 3 toilets and 1 shower, as well as a private bath for staff. The second floor has 2 full baths, and the third floor has 1 full bath. The basements of the two properties are currently separated: one side features a kitchen with a commercial refrigerator, freezer, pantry, office space for staff, and a laundry room, while the other side is semi-finished and used for storage.
The property boasts a wrap-around porch on the ground level with wheelchair access, multiple exits, and a fire alarm system with wired smoke detectors. It is zoned as RSA-3, has a rental license for 9 residential units, and a Certificate of Compliance from the Department of Human Services allowing care for up to 15 patients. The buyer will need to confirm the zoning and use of the property.
Located just south of Cheltenham Ave in West Oak Lane, the property benefits from a Walk Score of 78, a Transit Score of 52, and a Bike Score of 54. Nearby parks include Russel Park, Melrose Park, and Simons Playground.
This property offers a lucrative investment opportunity. Buyers must have a Personal Care Home Administrator License or provide proof of enrollment in related classes. Don?t miss out on this chance to acquire a high-income generating property at 1407-09 72nd Ave!
Location
State PA
County Philadelphia
Area 19126 (19126)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Exterior
Waterfront N
Water Access N
View Street
Building
Lot Description Rear Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Special Listing Condition Standard