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5622 N 2nd Street

Philadelphia, PA 19120

– beds
– baths
2,115 sqft
5,456 sqft lot
$200 per sqft
1930 build

This standalone, fully refurbished, 2,415 sq. ft building presents an exceptional investment opportunity. It currently features three fully rented units, an open, inviting porch and front lawn, and a large backyard area with easy access to develop ADU units (additional dwelling units), for increased revenue. Each apartment has been thoroughly upgraded with new hardwood floors throughout, stainless steel appliances, refrigerators, stoves, and microwaves, along with new ceiling fans, and fresh coats of paint. Bathrooms have been upgraded as well with new toilets and showers. The first-floor unit is versatile, with two entrances and the option to configure it as a spacious one-bedroom or two-bedroom apartment. It also includes two dedicated parking spaces. The second and third floors host one-bedroom, one-bathroom units, each meticulously renovated, and with its own individual style and character. (current rents $1,250, $1,250 and $950) Recent updates include a brand-new roof, entire building power-washed, refreshed common areas with new carpeting, and a well-maintained exterior, along with a detached storage space in the rear, all adding the finishing touches. This property also has a modernized finished basement with a separate entrance, presenting a prime opportunity for additional rental income. 5622 N. 2nd St. is perfect for the savvy investor, NACA candidate, or 1031 Exchange individual, being sold as is. ****Owner says to bring all reasonable offers.****

Listing courtesy of BRIGHT / XL Realty Group

Last checked: Checking… • Last updated Nov 11, 2024 •

MLS# PAPH2390714 —

The Building

Year Built:

1930
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Structure Type:

Detached
Architectural Style:

Traditional
Historic:

No
Building Units Total:

3
Security Features:

Smoke Detector, Carbon Monoxide Detector(s)
Accessibility Features:

None
Foundation Details:

Brick/Mortar
Basement:

Yes
Basement Type:

Fully Finished
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2115

Interior

Interior Features:

Ceiling Fan(s)
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2115
Living Area SqFt:

2,115 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Conventional, FHA, Cash
Possession:

Immediate

Location

Directions:

Please use your GPS service.
Latitude:

40.03671265
Longitude:

-75.12555695

The Property

Property Type:

Multi-Family
Property Subtype:

Triplex
Property Condition:

Very Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.13
Lot Size Source:

Assessor
Lot Size Dimensions:

42.00 x 130.00
Lot Dimensions Source:

Assessor
Lot SqFt:

5,456 Sqft
Exclusions:

Tenant's belongings.
Zoning:

RSA3
Outdoor Living Structures:

Porch(es)
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:

G51
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

612419000
Tax Year:

2024
Tax Lot:

275
Tax Annual Amount:

$3,045
Tax Assessed Value:

$217,600
Year Assessed:

2024
School Tax:

1705.0
City/Town Tax:

1340.00
Total Taxes Payment Frequency:

Annually

The Listing

Virtual Tour

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Appliances

Appliances:

Microwave, Oven/Range - Electric, Refrigerator

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Subdivision Name:

Olney
Pool:

No Pool
Spa:

No
Association Recreation Fee:

No

Parking

Total Garage and Parking Spaces:

2
Garage:

No
Type of Parking:

Driveway, On Street
Driveway - # of Spaces:

2

Extra Units

Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
11/7/24 Nov 7, 2024	Price Changed	BRIGHT	$425,000	3.7%
8/29/24 Aug 29, 2024	Listed / Active	BRIGHT	$410,000

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This multifamily located in Upper North District, Philadelphia, PA 19120 is currently for sale for $425,000. 5622 N 2nd Street is a 2,115 square foot multifamily with – beds and – baths. 5622 N 2nd Street is in the Upper North District neighborhood of Philadelphia and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of James R. Lowell School, Grover Washington Jr Middle School, and Samuel S. Fels High School.

Listing Courtesy of: BRIGHT and XL Realty Group.

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.