1601 S 60th St, Philadelphia, PA 19142

Property Description

Presenting, 1601 S. 60th St in desirable Cobbs Creek, a rare 3 story home with an attached storefront area for commercial opportunity! An Investor's DREAM, this end unit row sprawling across close to 5k sq.ft. is ready to be converted to a multi-family property if desired. The possibilities are endless for those wanting to live close to their business, with potential uses such as a Veteran’s Home, Group Home, Salon, Daycare center, Office, Studio, or Florist, among others. While it is currently zoned as a RSA5, the conversion to a Multi Family or Mixed-Use property should be a simple process, as there is an existing Quad (1609 S. 60th St) on the other end of the same row as this property, which is most similar in size and structure of this home. This property is in need of some TLC and currently features four large sized bedrooms, one full bathroom, and a huge kitchen within the residence area. It also features a separate store/commercial area, a large deck that wraps around the property, a rear driveway, and a working outdoor chairlift/elevator for handicap accessibility. There are multiple new construction projects and rehabbed homes in close proximity, including just next door. There is only 1 similar ARV comp in this area, and it recently closed at around 420k!! There was also a smaller sized Triplex that recently closed at around 340k. Just minutes away from PHL International Airport, University City, Center City, and the new Cobbs Creek Golf Course - This is a ONCE-IN-A-BLUE-MOON deal! Whether you’re looking to rehab and flip this property, or keep it as a buy and hold, this should be added to your portfolio. This property is being sold in AS-IS condition and it will not last long. Sellers will make NO Repairs. Seller makes no warranty or guarantees. Buyer is responsible for clean-out and full transfer tax. The seller will not clean out the property. Appliances may be included in AS-IS condition. Proof of funds required for all cash offers. Come take a look while this property is still available!