1427 POINT BREEZE AVE Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19146
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $100
Subdivision Point Breeze
MLS Listing ID PAPH2487342
Style Straight Thru
Year Built 1915
Annual Tax Amount $2,807
Tax Year 2024
Lot Size 1,240 Sqft
Property Sub-Type Triplex
Property Description
Investor Alert! The property is framed and ready for finishing, featuring 3 total units - 1 commercial space and 2 residential units, each with 2 bedrooms. Prime opportunity in booming Point Breeze with endless potential. Welcome to 1427 Point Breeze Avenue – a mixed-use triplex featuring (1) commercial unit on the ground floor and (2) residential units above, each designed as a 2-bedroom, 1-bathroom apartment. A full third story has been added to the existing structure, expanding the building's livable space and income potential. This property is mid-construction and will be sold in As-Is condition, giving investors and builders the chance to complete the project to their own specifications. Estimated rental income upon completion is approximately $4,100/month, making this an outstanding value-add investment in one of South Philadelphia's most active corridors. The commercial unit offers great visibility and access along busy Point Breeze Avenue, ideal for a retail shop, café, or office. The residential units feature spacious layouts with tons of natural light and are well-suited for long-term rental or short-term stays. Located just minutes from Center City, with public transportation nearby and surrounded by new development, this property sits in a high-demand area for both tenants and businesses. Property is being sold in AS-IS condition and the buyer will be responsible for obtaining the U&O. Don't miss your chance to bring this nearly-complete project to the finish line and create a fully cash-flowing asset in a rapidly appreciating neighborhood.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning CMX2
Interior
Hot Water None
Heating None
Cooling None
Exterior
Water Access N
View Street
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Virtual Tour https://www.homes.com/property/1427-point-breeze-ave-philadelphia-pa/3zpljlcprt48z/?dk=whmd6n51hfjz5&tab=1