4365-67 CRESSON ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19127
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
Parking Type 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