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2600 E Somerset St 1 Unit Apartment Building $750,000 ($750,000/Unit) Philadelphia, PA 19134
EXECUTIVE SUMMARY
MPN Realty, Inc. is pleased to present the sale of 2600 E Somerset St., a corner mixed-use property in the heart of Port Richmond. The site consists of (1) commercial space that is currently leased to an ice cream shop and (4) apartments. The property was renovated in 2020 featuring new systems, kitchens, bathrooms, and flooring. All residential units have a private entrance off of Almond S t., entering directly into the unit. This is a fantastic investment opportunity in a rapidly growing neighborhood. Port Richmond is a stable Philadelphia neighborhood. Historically home to many blue-collar families, and a bustling commercial corridor along Aramingo Ave., which is home to many national retail tenants. Located right off of I-95, the site is conveniently located with easy access to Center City.
PROPERTY FACTS
| Price | $750,000 | Building Class | C |
| Price Per Unit | $750,000 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 3,248 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | ||
| Zoning | CMX1 - Zoning district is for low-impact, small-scale, neighborhood-serving retail and service uses in storefront buildings, along with residential uses. | ||
| Price | $750,000 |
| Price Per Unit | $750,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 3,248 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | CMX1 - Zoning district is for low-impact, small-scale, neighborhood-serving retail and service uses in storefront buildings, along with residential uses. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
SITE AMENITIES
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 871530810 | Improvements Assessment | $272,720 |
| Land Assessment | $68,180 | Total Assessment | $340,900 |
PROPERTY TAXES
Parcel Number
871530810
Land Assessment
$68,180
Improvements Assessment
$272,720
Total Assessment
$340,900
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2600 E Somerset St
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