MLS#PAPH2617128
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONHADDINGTON
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
211 N 63rd is a turn key, rent ready 5-unit multifamily building offering immediate income potential in West Philadelphia’s Cobbs Creek/Haddington corridor. The property features two 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, with all five units currently operating as a furnished mid-term rental program generating approx $7,500 per month. For investors seeking a traditional multifamily model, the property also offers a long-term rental pro forma of approximately $5,900 per month. With no long-term leases to assume, the next owner has flexibility from day one. The building has been thoughtfully updated with a new roof, updated mechanical systems, updated kitchens and bathrooms, and design-forward common areas. The units are fully furnished and rent-ready under the current rental program, allowing for a seamless transition for an investor looking to continue the existing operation. There is also a 225' deep lot which allows potential development to add additional units, subject to buyer verification of zoning and approvals. Located just blocks from the Market-Frankford Line at 63rd and Market Station, the property offers convenient access to Center City, University City, Drexel, Penn, CHOP, and surrounding employment and education hubs. This an attractive option with heavy cash flow relative to other options perfect for yield-focused investors, conventional multifamily operators, or developers looking for future upside. Available individually or as part of a package with 207 N 63rd Street, a 7-unit property listed separately for $685,000. Tours by appointment with 48 hours’ notice.
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.10 Acres
Taxes: $3,831
Year Built: 1914
Feature Descriptions
Days on Site: 1
Exterior: Brick
Lot Dimensions: 0.10 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 5
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: KW Empower
Agency Phone: 2156273500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
211 N 63rd Street | MLS# PAPH2617128
This commercial property located at 211 N 63rd Street, Philadelphia, PA 19139 is currently listed for sale with an asking price of $490,000. N 63rd Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymark.net today.