307 52Nd StPhiladelphia, PA 19139

Property Details for 307 52Nd St

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

1,950 SF

Zone code

RM1

Property type

Investment properties

Property subtype

Live-work space

APN

44-1-3522-05

APU

441352205

Description

This exceptional mixed-use property, located at 307 N 52nd St in Philadelphia, Pennsylvania, presents a compelling investment opportunity. Built in 1910, this building boasts a total of 1,950 square feet across three units, situated on a 1,850 square foot lot. The asking price is $345,000, translating to a price per square foot of $176.92. The property is zoned RM1, offering flexibility for a variety of uses. The single building comprises the entire property, providing a streamlined ownership experience. Its location in the vibrant Philadelphia neighborhood offers excellent potential for both rental income and future appreciation. The property's age suggests potential for renovation or modernization, allowing for increased value and tailored functionality. This is an ideal opportunity for investors seeking a well-located, mixed-use property in a thriving urban area. The property's size and zoning provide a solid foundation for a variety of business ventures or residential configurations. Detailed information regarding the specific unit configurations and current occupancy status is available upon request. This is a rare chance to acquire a piece of Philadelphia's rich history and capitalize on its ongoing growth.

• CAP approach

  CAP return

  Valuation

  6%

  $549,087

  6.5%

  $506,849

  7%

  $470,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $254,787

  Geo Method

  $254,787

• Alternative Use

  Use

  Valuation

  Residential

  $628,493

  Hospitality

  $575,696

  Educational

  $478,973

  Medical

  $495,445

  Retail

  $745,068

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9656

Longitude

-75.2244

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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