Philadelphia, PA 19127,4365-67 CRESSON ST
Philadelphia, PA 19127,4365-67 CRESSON ST
Philadelphia, PA 19127,4365-67 CRESSON ST
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$1,600,000
Est. payment /mo
2,619 Sqft Lot
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UPDATED:

08/25/2024 03:31 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2344754

Originating Board BRIGHT

Year Built 1952

Annual Tax Amount $9,599

Tax Year 2024

Lot Size 2,619 Sqft

Acres 0.06

Lot Dimensions 61.00 x 43.00

Property Description

"Exceptional Investment Opportunity in Historic Manayunk: Capitalize on a comprehensive property package valued at $3,200,000, located in the vibrant district of Manayunk, Philadelphia. The package includes:

4365-67 Cresson St.: Two apartment buildings with six residential units (two 2-bedroom, three 1-bedroom, and one efficiency), offered at $1.6 million, generating a rental income of $10,000 monthly.
4363 Cresson St.: A 12-space private parking lot, with 4 spaces currently leased at $150 each, offered at $900,000.
4361 Cresson St.: A mixed-use, three-story corner building with Old European charm and a ground-floor restaurant/deli. The family business will close upon sale, opening new possibilities for the next owner. This property is offered at $700,000, with upper floors ready for renovation into additional residential or commercial spaces.
Situated steps from public transportation and the local train station, these properties are nestled in a National Historic District known for its scenic charm and urban convenience. Over 50 chic boutiques and 30 diverse restaurants make Manayunk a picturesque and coveted investment destination. Ideal for savvy investors seeking to expand their portfolio in a community with significant growth potential."

Location

State PA

County Philadelphia

Area 19127 (19127)

Zoning CMX25

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Sewer No Septic System

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871104120

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard


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Bright MLS (BMLS)
Listed by Marc M Scott • Messa Real Estate & Insurance

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Kelly Stipa

+1(267) 249-9000

REALTOR® | License ID: RS226297L

REALTOR® License ID: RS226297L

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