PA > Philadelphia > Carroll Park
Philadelphia, PA 19131,641 N 56TH ST
Philadelphia, PA 19131,641 N 56TH ST
Philadelphia, PA 19131,641 N 56TH ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
20
May
Wed
21
May
Thu
22
May
Found It Team

Found It Team

+1(800) 790-7576
Listed by Katherine Vail • Elfant Wissahickon-Rittenhouse Square
$275,000
Est. payment /mo
1,824 SqFt
Save

UPDATED:

Key Details

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,824 sqft

Price per Sqft $150

Subdivision Carroll Park

MLS Listing ID PAPH2482052

Style Straight Thru

Abv Grd Liv Area 1,824

Year Built 1925

Annual Tax Amount $1,272

Tax Year 2024

Lot Size 1,253 Sqft

Acres 0.03

Lot Dimensions 16.00 x 78.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

High-Yield Investment Opportunity – 13.24% Cap Rate in a Federal Opportunity Zone. This prime corner mixed-use property delivers strong cash flow and is situated within a designated Federal Opportunity Zone, offering significant tax incentives for the savvy investor. Currently designed as a fully equipped neighborhood grocery store, the retail space includes shelving, refrigeration units, and a deli counter—all included in the sale. Above the store is a spacious two-bedroom, one-bath residential unit featuring a living room, a kitchen with a combined dining area, and a private deck. Additionally, the property includes a roughed-in studio space at the rear of the first floor—perfect for expanding residential income, additional storage for the corner store or reimagining as a home office, flex space or Airbnb. The commercial space also has direct basement access for storage, via the interior or the Bilco door entrance from the street.This is a versatile, income-producing asset with excellent value-add potential in a high-demand location—ideal for both seasoned investors and new entrants seeking long-term growth with built-in tax advantages. Needs TLC but the value is there for a savvy investor. Easy to see with no tenants.

Location

State PA

County Philadelphia

Area 19131 (19131)

Zoning CMX1

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling Window Unit(s)

Flooring Engineered Wood, Hardwood, Ceramic Tile

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools Overbrook

School District Philadelphia City

Others

Tax ID 871507350

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
SEARCH HOMES BY CITY
 
agent

Found It Homes

Agent

+1(800) 790-7576

How can we help?
 

First Name
Last Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Found It Homes, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.