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1615-17 Mckean Street

PHILADELPHIA, PA 19145
  • $1,100,000
  • STATUS: Active
  • ON SITE: 77 Days
  • ID#: PAPH2031342
UPDATED: 51 min ago
$1,100,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

Triple Mint Condition! 1615-17 McKean St offers a rare investment opportunity to own a pristinely kept, multi-use property in a prime Newbold location. Sits on a 35x70 corner lot, this nearly 5,000 SqFt clear span building has a well-established auto repair business on the first level, two 1 bed, 1 bath apartments on the second level. There are tons of great potential uses for this property including taking over the auto business (the equipment is available to purchase for $60k), reconfiguring the current layout, or redeveloping the site with new construction housing. Crescenzo's Auto Services is a third-generation, family ran business that has been a trusted fixture of the neighborhood for nearly a century! The repair shop features dual garage openings, an office, and a powder room. Upstairs, both apartments offer spacious layouts with large, open main living areas, in-unit laundry, and separate all-electric utility setups. These units have the opportunity to be renovated into loft-style apartments with +/-15ft high ceilings above the current drop ceiling and concrete style flooring under the carpets. The front unit is currently rented month-to-month with a long-term tenant. The rear unit lease ends in June of 2022. This meticulously maintained building has had many well-documented renovations and updates over the years including new carpet for both apartments, an updated bathroom with a new vanity for the front apartment, and new kitchen appliances, a new water heater, and fresh paint in the rear apartment. The roof was installed in 2019, by a well-qualified roofer, and had been issue free ever since. 1615-17 McKean+GGs spectacular Newbold location earns a Walk Score of 95! Essentials shopping can be done within a few blocks plus, nearby Passyunk Ave is lined with famous restaurants and friendly neighborhood stores. Getting around the city is made easy with the #2 bus traveling along 16th and 17th streets, and the #29, #37, #79, and the Broad Street Line all about a five-minute walk away. This great investment opportunity won+GGt last long. Schedule your tour today!

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©2021 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. 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. Data last updated: 2021-12-03T10:53:02.647.
www.locomusings.com/homes/121502853
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1615-17 Mckean Street PHILADELPHIA, PA 19145

  • Price: $1,100,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 51 min ago
  • ID#: PAPH2031342
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1920
Built
Neighborhood:
Newbold
County:
Philadelphia
Area:
19145 (19145)
School District:
The School District Of Philadelphia
Property Description
Triple Mint Condition! 1615-17 McKean St offers a rare investment opportunity to own a pristinely kept, multi-use property in a prime Newbold location. Sits on a 35x70 corner lot, this nearly 5,000 SqFt clear span building has a well-established auto repair business on the first level, two 1 bed, 1 bath apartments on the second level. There are tons of great potential uses for this property including taking over the auto business (the equipment is available to purchase for $60k), reconfiguring the current layout, or redeveloping the site with new construction housing. Crescenzo's Auto Services is a third-generation, family ran business that has been a trusted fixture of the neighborhood for nearly a century! The repair shop features dual garage openings, an office, and a powder room. Upstairs, both apartments offer spacious layouts with large, open main living areas, in-unit laundry, and separate all-electric utility setups. These units have the opportunity to be renovated into loft-style apartments with +/-15ft high ceilings above the current drop ceiling and concrete style flooring under the carpets. The front unit is currently rented month-to-month with a long-term tenant. The rear unit lease ends in June of 2022. This meticulously maintained building has had many well-documented renovations and updates over the years including new carpet for both apartments, an updated bathroom with a new vanity for the front apartment, and new kitchen appliances, a new water heater, and fresh paint in the rear apartment. The roof was installed in 2019, by a well-qualified roofer, and had been issue free ever since. 1615-17 McKean+GGs spectacular Newbold location earns a Walk Score of 95! Essentials shopping can be done within a few blocks plus, nearby Passyunk Ave is lined with famous restaurants and friendly neighborhood stores. Getting around the city is made easy with the #2 bus traveling along 16th and 17th streets, and the #29, #37, #79, and the Broad Street Line all about a five-minute walk away. This great investment opportunity won+GGt last long. Schedule your tour today!
Exterior Features

Construction Materials Masonry Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4946.00 Cooling Wall UnitWindow Unit(S) Exclusions Auto Equipment is Available To Purchase For 60K. Not included in The Sales Price. Heating Baseboard - Electric Heating YN Yes Net Square Feet 4946.00

Property Features

Accessibility Features None Assessment Year 2021 Business Type Auto RelatedApartment Building Central Air YN No Cooling Fuel None Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 801055521888 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 3663.00 Tax Assessment Amount 261700.00 Tax Lot 15 Vacation Rental YN No Water Source Public Zoning I2

Listing courtesy of Keller Williams Philly.


©2021 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. 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. Data last updated: 2021-12-03T10:53:02.647.
 
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