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Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME

$350,000

Est. payment - /mo

3,500 SqFt

Price Dropped by $10K

1427 POINT BREEZE AVE Philadelphia, PA 19146

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Scott Gullaksen

sgullaksen@gmail.com +1(610) 453-9898

UPDATED:

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

Abv Grd Liv Area 3,500

Year Built 1915

Annual Tax Amount $2,807

Tax Year 2024

Lot Size 1,240 Sqft

Acres 0.03

Lot Dimensions 16.00 x 78.00

Property Sub-Type Triplex

Source BRIGHT

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

Fireplace N

Heat Source None

Exterior

Water Access N

View Street

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871549490

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Scott Gullaksen

Agent | RS 285055

+1(610) 453-9898

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1427 POINT BREEZE AVE Philadelphia, PA 19146

Scott Gullaksen

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1427 POINT BREEZE AVE