50 S 60th St Philadelphia, PA 19139
Cobbs Creek Neighborhood
--
Bed
--
Bath
2,745
Sq Ft
1,084
Sq Ft Lot
Highlights
- Straight Thru Architecture
- 2-minute walk to 60Th Street
- Radiator
- Luxury Vinyl Tile Flooring
About This Home
As of October 2024Back on the market after multiply offers were received in the 1st week. Don't miss your opportunity the 2nd time around, now is your chance. Discover West Philly's prime investment property at 50 S. 60th St. This substantial 2700+ square foot building presents a unique opportunity for savvy investors. The ground floor boasts an 800 square foot commercial space, ideal for a variety of retail or service businesses. This space, combined with the building’s prime location on a bustling West Philadelphia commercial corridor, offers immense potential for rental income or business ownership.
Upstairs, two spacious residential units, each featuring 3 bedrooms and 1 bathroom, provide additional income streams. With a little TLC, these units can be transformed into highly desirable rental properties. The property is being sold "as is," allowing investors to maximize their return by customizing the space to suit their vision.
With a strategic investment of approximately $125,000, this property can be revitalized into a high-yielding asset. Rental potential of $4,500/month based on current market rent, and the housing department. Comps around the corner sold for $400k, so priced with equity potential. Don't miss this chance to capitalize on the thriving West Philadelphia market. Contact us today to schedule a viewing and unlock the full potential of this multi-family gem.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,595
Year Built
- Built in 1925
Lot Details
- 1,084 Sq Ft Lot
- Lot Dimensions are 15.00 x 72.00
Home Design
- Triplex
- Straight Thru Architecture
- Slab Foundation
- Masonry
Interior Spaces
- 2,745 Sq Ft Home
- Luxury Vinyl Tile Flooring
Parking
- On-Street Parking
- Off-Street Parking
Utilities
- Radiator
- Electric Water Heater
Community Details
- 3 Units
- 2 Vacant Units
Listing and Financial Details
- Tax Lot 35
- Assessor Parcel Number 871049850
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 25, 2024
Closed on
Oct 1, 2024
Sold by
Ballard Jeffrey
Bought by
Fortune Capital Group Llc
Seller's Agent
Jania Daniels
Real of Pennsylvania
Buyer's Agent
Masum Siddiquee
Keller Williams Main Line
List Price
$174,999
Sold Price
$182,000
Premium/Discount to List
$7,001
4%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
137.78%
Purchase Details
Closed on
Jan 22, 2008
Sold by
Barclays Capital Real Estate Inc
Bought by
Ballard Jeffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
5.72%
Mortgage Type
Commercial
Purchase Details
Closed on
May 15, 2006
Sold by
Massey Darren A
Bought by
The Bank Of New York and Wachovia Loan & Trust 2005-Sd1 Asset Bac
Similar Homes in Philadelphia, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $182,000 | None Listed On Document | |
| Special Warranty Deed | $56,000 | None Available | |
| Sheriffs Deed | $70,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $83,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2025 06/03/25 | Price Changed | $375,000 | -1.1% | $137 / Sq Ft |
| 04/15/2025 04/15/25 | Price Changed | $379,000 | -2.6% | $138 / Sq Ft |
| 04/04/2025 04/04/25 | For Sale | $389,000 | +113.7% | $142 / Sq Ft |
| 10/03/2024 10/03/24 | Sold | $182,000 | +4.0% | $66 / Sq Ft |
| 08/16/2024 08/16/24 | Pending | -- | -- | -- |
| 08/04/2024 08/04/24 | Price Changed | $175,000 | 0.0% | $64 / Sq Ft |
| 07/25/2024 07/25/24 | For Sale | $174,999 | -- | $64 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,595 | $191,600 | $38,320 | $153,280 |
| 2024 | $2,595 | $191,600 | $38,320 | $153,280 |
| 2023 | $2,595 | $185,400 | $37,000 | $148,400 |
| 2022 | $1,655 | $185,400 | $37,000 | $148,400 |
| 2021 | $1,655 | $0 | $0 | $0 |
| 2020 | $1,655 | $0 | $0 | $0 |
| 2019 | $1,639 | $0 | $0 | $0 |
| 2018 | $1,592 | $0 | $0 | $0 |
| 2017 | $1,537 | $0 | $0 | $0 |
| 2016 | $1,537 | $0 | $0 | $0 |
| 2015 | $1,471 | $0 | $0 | $0 |
| 2014 | -- | $109,800 | $16,300 | $93,500 |
| 2012 | -- | $12,800 | $3,437 | $9,363 |
Source: Public Records
Agents Affiliated with this Home
-
Hasan Yasin Amin
Seller's Agent in 2025
Hasan Yasin Amin
RE/MAX
(215) 869-3846
24 in this area
279 Total Sales
-
Jania Daniels
Seller's Agent in 2024
Jania Daniels
Real of Pennsylvania
(315) 278-3879
1 in this area
87 Total Sales
-
Masum Siddiquee
M
Buyer's Agent in 2024
Masum Siddiquee
Keller Williams Main Line
(267) 602-9993
2 in this area
23 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2379562
APN: 871049850
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