Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Brick, Concrete

  • Parking

    On Street, Garage, Other

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.08

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $1,600,000

  • Tax Amount

    2103.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Brick/Mortar

  • Sewer

    Public Sewer

  • Tax Lot

    42

  • Water Source

    Public

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PHILADELPHIA

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Listing Courtesy of Celenia Martinez , Quality Real Estate-Broad St

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ChristyIssler

Call Christy today to schedule a private showing.


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Exciting Real Estate Opportunity in Philadelphia!

2728–30 N. 2nd St. Warehouse
2734–30 6 N. 2nd St.  Mechanic garage/ with 5 bedroom 3 bathroom loft 2nd floor - Rehabbed  
2726 N. 2nd St. Shell.
2724 N 2nd St. Shell
2725 N. Philip Street

Introducing a remarkable $1.6 million listing located on 2nd St, just steps away from Lehigh Avenue in the vibrant city of Philadelphia. This exclusive package encompasses a diverse range of properties, presenting a unique investment opportunity for developers and visionaries.

This comprehensive package includes:

- A Spacious Warehouse: Perfect for manufacturing, storage, or retail purposes, the warehouse offers ample square footage and high ceilings, providing versatility for various business needs.

- A Fully Equipped Mechanic Garage: Ideal for automotive entrepreneurs, this garage is set up for operations, featuring all necessary equipment to start generating income immediately.

- A Stunning 5 Bedroom, 3 Bath Loft: This beautifully designed loft offers modern living with plenty of space for families or tenants. With stylish interiors and abundant natural light, it provides a fantastic living experience.

- 2 Shell Properties: These adjacent shell properties offer a blank canvas for further development, remodeling, or conversion into additional residential or commercial units, maximizing the potential of this incredible investment.

This package presents a huge opportunity for developers looking to create a significant project in a prime Philadelphia location. With easy access to major roads and local amenities, the property is strategically positioned for future growth and development. Don’t miss the chance to capitalize on this unique offering reach out today to explore the endless possibilities!

2734 N 2ND STREET 36

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Snap up this incredible fully occupied, cash flowing portfolio. $4,500,000 includes three self-sufficient buildings comprised of 22 units total. Two are identical, 5 year old, 8-unit buildings, one is a 2 year old  6-unit building. Total gross annual rental income is $405,540. 1918-20 E Cumberland and 1917-1921 E Letterly St. are each 7,200 SF with 5 years of full tax abatement remaining. Annual taxes are based on land value only until the abatement ends. Expenses include taxes, rental licenses, private trash removal, fire suppression, common area cleaning, whole house electric meter, and insurance. The apartments are 1, 2, and 3 bedrooms. There is a bathroom for every bedroom. The 3-BR units (there are 3) have 3 bathrooms, the 2-BR units (there are 3) have 2 bathrooms. The 1-BR units (there are 2), of course, have 1 bathroom. Each unit has over-sized windows, hardwood floors, custom made cabinets and private, in unit laundry facilities. The building is all electric (no gas). Tenants are billed for electricity, water, and any renewals will be billed for private trash removal. Each unit was hard wired for cable during construction. East Kensington is a neighborhood bordering Olde Richmond, Fishtown, and Norris Square. Along Frankford Avenue and tucked into the neighborhood are amenities such as: curated vintage stores, hip boutiques, wellness and fitness studios, salons, restaurants, bars, breweries, and friendly coffee shops. Proximity to the Market-Frankford line, several bus lines, I-95 exits make it easy for residents and commuters to get in and out of town. 10  MORE REASONS TO BUY THIS MULTI-UNIT NOW: 1! Construction costs are at an all-time high. According to a report on construction cost data tracking firm Gordian, cost of materials jumped an average of 19% since 2020. This property is cheaper to buy than to build. 2! The housing shortage. According to U.S. News, after hitting a 30-year high in December 2021, permit issuances for single-family homes declined steadily at an average drop of over 50%/year. 3! This location is experiencing rapid growth. Multifamily construction permits shot up to a 30-year high in December 2021. By April 2023, that figure plunged 75%. 4! There’s a tunicate on supply of single-family homes. The existing inventory, and the inventory currently under construction may be everything available to priced-out-buyers and new residents for some time. 5! Affordability. Philadelphia Magazine reported that 95% of all newly constructed Greater Center City units in 2021 were apartments, not homes. Multifamily housing construction is being driven by strong demand for rental apartments due to high borrowing costs. 6! New rentals large enough for families are rare. The perpetual single-family home shortage in Philadelphia is steadily getting worse, increasing the demand for high quality, and larger rental units. 7! It’s 4 years old and 100% to code. 8! Tax Abatement! 9! Fully occupied at market rates. 10! All licenses, zoning, expenses and leases are fully documented.
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2728–30 N. 2nd St. Warehouse
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Introducing a remarkable $1.6 million listing located on 2nd St, just steps away from Lehigh Avenue in the vibrant city of Philadelphia. This exclusive package encompasses a diverse range of properties, presenting a unique investment opportunity for developers and visionaries.

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- A Stunning 5 Bedroom, 3 Bath Loft: This beautifully designed loft offers modern living with plenty of space for families or tenants. With stylish interiors and abundant natural light, it provides a fantastic living experience.

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None Baths

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