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6332 Elmwood Avenue

Philadelphia, PA 19142

– beds
– baths
3,396 sqft
2,048 sqft lot
$61 per sqft
1920 build

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Attention Investors and Landlords: Incredible Opportunity in Elmwood Park - 3-Story RM1 Zoned Building Awaits! - Spacious 3000+ sq ft 3-story building ready for completion and leasing - Perfectly situated near the bustling corner of Elmwood and 64th - Legal zoning permits up to 5 units - maximize your rental potential! - Ground level unit framed out, awaiting MEP's - Upper 4 units with 2 beds and 1 bath each - just needs finishing touches - Impressive dimensions of 20' x 102' offer ample space for tenants - Elmwood Park, a coveted amenity, located just across the street - Buyer responsible for due diligence and city requirements - Don't let this lucrative investment opportunity slip away! Welcome to Elmwood Park, where an incredible investment opportunity awaits you! This 3-story, RM1 zoned building offers over 3000 sq ft of potential rental space, perfect for investors and landlords seeking a profitable venture. Located at the highly desirable corner of Elmwood and 64th, this property enjoys legal zoning for up to 5 units, allowing you to capitalize on multiple income streams. Currently, the ground level unit is framed out and awaits the installation of MEP's to make it tenant-ready. The upper 4 units, comprising comfortable 2-bedroom, 1-bathroom layouts, have already been drywalled and are eagerly awaiting the finishing touches to make them move-in ready. Spanning an impressive 20' x 102', this building provides ample space for tenants to enjoy. And as an added bonus, Elmwood Park, a sought-after amenity, is conveniently located just across the street, providing a delightful recreational space for your tenants to enjoy. Buyers are responsible for conducting their own due diligence and ensuring compliance with city requirements, including U&O and/or city certification. Don't miss out on this golden opportunity to invest in Elmwood Park. Act now and unlock the full potential of this remarkable property!

Listing courtesy of BRIGHT / KW Empower

Last checked: Checking… • Last updated Mar 26, 2024 •

MLS# PAPH2256992 —

The Building

Year Built:

1920
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Structure Type:

Twin/Semi-Detached
Architectural Style:

Traditional
Building Units Total:

1
Accessibility Features:

None
Foundation Details:

Slab
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

3396

Interior

Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

3396
Living Area SqFt:

3,396 Sqft

Financial & Terms

Sale Type:

REO (Real Estate Owned)
Acceptable Financing:

Cash, Conventional
Buyer Financing:

Will Subordinate
Possession:

Immediate

Location

Directions:

corner of elmwood and 64th
Latitude:

39.92305374
Longitude:

-75.22866058

The Property

Property Type:

Multi-Family
Property Sub Type:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.05
Lot Size Source:

Assessor
Lot Size Dimensions:

20.00 x 105.00
Lot Dimensions Source:

Assessor
Lot SqFt:

2,048 Sqft
Zoning:

RM1
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

H50
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

402235901
Tax Year:

2022
Tax Lot:

28
Year Assessed:

2023
Total Taxes Pymnt Freq:

Annually

The Listing

Close Sale Type:

Standard Sale
Buyer's Brokerage Compensation:

2%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Other
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Other
Heating Fuel:

Natural Gas

Utilities

Sewer Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Subdivision Name:

Elmwood Park
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Other Units:

Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Vacation Rental:

No
Units Furnished:

None
Two Bedroom Units:

4
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/25/24 Mar 25, 2024	Sold	BRIGHT	$210,000	-16.0%
1/29/24 Jan 29, 2024	Sold Subject To Contingencies	BRIGHT	$250,000
11/20/23 Nov 20, 2023	Relisted	BRIGHT	$250,000

Multifamily Sold on 3/25/2024

$210,000

Listing provided by broker:

Richard K Cassell

KW Empower

(215) 607-6007

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Listing Courtesy of: BRIGHT and KW Empower.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

6332 Elmwood Avenue

Philadelphia, PA 19142