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2579 MEMPHIS STREET, Philadelphia, PA 19125
$350,000 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
1
bath
1,596
sqft
Built in
1875
Think outside the box with this sunny 2-story CORNER property located in the Olde Richmond pocket of 19125 (Fishtown area). It is currently zoned RSA5 - but with a variance - this property would be an incredible opportunity to open a small business in an area that would welcome it with open arms - it used to be a flower shop back in the day! This tight-knit “neighborhood-y” pocket of 19125 (east of york, south of frankford, west of lehigh, north of girard) in my humble opinion - is in desperate need of a coffee shop or breakfast spot… there is nothing incredibly close coffee-wise right now - although we DO love Little Susie’s Pies (which is about an 8 min walk away on Lehigh). You would also be in great company with Circles and Squares Pizza, Meetinghouse Bar, Pacific Yoga, and Cook & Shaker - all only a super short stroll away. The building is currently situated with a renovated and professionally designed 1 bedroom apartment on the 2nd floor with a wonderful long-term tenant paying $1750/m ($21k/y) - tenant is willing to vacate or stay - your choice. The first floor (which has a separate entrance from the residential unit) is unfinished and the basement is large and dry. Alternatively - you can keep it fully residential and get creative with designing the sunny, corner home of your dreams! Note: Buyer would be responsible for any variance/zoning change. Seller open to generous contingencies to allow Buyer to do the due diligence needed to make their vision a reality. Inquire for details!
Features & Amenities
Interior
- General:
- Floor Plan - Open,Kitchen - Eat-In
- Appliances:
- Stainless Steel Appliances,Refrigerator
- Laundry:
- Dryer In Unit
- Basement:
- Full
- Flooring:
- Vinyl
- A/C:
- Central A/C
- Heating:
- Y, Central, Natural Gas
- Disability Feature:
- None
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Traditional
Construction
- Roofing:
- Flat
- General:
- Masonry, 2, Block
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- THE SCHOOL DISTRICT OF PHILADELPHIA
- County:
- PHILADELPHIA
Lot
- Zoning:
- RSA5, 871541280
- Current Use:
- S30
Utilities
- Utilities:
- 150 Amps
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
This listing courtesy of:
Compass Pennsylvania, LLC, Emily Nussbaum
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Philadelphia, PA
Housing
- Number of Units
- 705,993
- Median Home Value
- $212,331
- Median Rent
- $993
47.83% of housing units are renter occupied.
9.77% are vacant.
Commute
- Car
-
48.32%
- Public Transportation
-
19.12%
- Walk to Work
-
6.40%
- Work from Home
-
23.29%
- Other
-
1.20%
The median travel time to work is 28 minutes.
People
- Population
- 1,564,304
- Median Age
- 36.10
- Median Household Size
- 2.55
Education
- High School
-
31.51%
- Associate’s Degree
-
5.70%
- Bachelor’s Degree
-
18.90%
- Graduate Degree
-
14.16%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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