$395,000
$395,000
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14,640 SqFt
SOLD DATE : 06/26/2024
Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 14,640 sqft
Price per Sqft $26
Subdivision Overbrook Farms
MLS Listing ID PAPH2357114
Sold Date 06/26/24
Style Other
Abv Grd Liv Area 14,640
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $8,149
Tax Year 2023
Lot Size 0.629 Acres
Acres 0.63
Lot Dimensions 0.00 x 221.00
Property Description
Attention Developers/ Contractors: This expansive property at 6010-6012 Drexel Road needs a complete rehab. It is set on a double corner lot with over .6 acres (see survey attachment) in Philly's quiet Overbrook Farms neighborhood, right near St Joseph's University. It has a huge multi-family property, previously used as 5 apartments, offering a fantastic investment opportunity and room enough to construct several new homes making it a developers dream! The structure was originally built in stone and still maintains that facade. The current layout features three 1-bedroom apartments, one 2-bedroom apartment, and one 3-bedroom apartment, each with 1 full bathroom and a kitchen. Modern updates and repairs could be combined with its abundant space and original character to create a one-of-a-kind single-family home or high-producing rentals in this sought-after location. In addition to the historic building, the expansive lot would provide ample parking and room for possible new construction of 2-4 homes with resales of over $600,000.00. 6010-6012 Drexel Rd is close to popular shopping centers with stores like Whole Foods, Trader Joe's, and Target. Lankenau Medical Center is minutes away, plus there's easy access to public transit, Lancaster Ave, City Ave, Delaware County, and Montgomery County. Schedule your showing today! The sale is being overseen/ monitored by a conservatorship/ legal custodian to address and remedy outstanding violations, which include cleaning up the grounds and repairing the roof. A list of repairs are attached. Upon purchase, the buyers will assume responsibility for these repairs. All offers due by tomorrow, 5/29 at 5PM.
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning RSD3
Rooms
Basement Unfinished
Interior
Hot Water None
Heating None
Cooling None
Fireplace N
Heat Source None
Exterior
Garage Spaces 12.0
Water Access N
Accessibility None
Total Parking Spaces 12
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881125560
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Zachary Cohen • KW Empower
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Broker-Owner | Lic# RM423246