Listed By:
KW Empower
Address
6010-12 Drexel Road, Philadelphia, PA
Price
$ 395,000
Property Attributes
  • MLS#PAPH2357114
  • TypePending
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19131
  • NeighborhoodOverbrook Farms
  • Zip19131
  • Style
  • Year Built1920
  • Taxes$ 8149
  • Price$ 395,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.63 Acres
Data Source:
Bright MLS
Property Description

Attention Developers/ Contractors: This expansive property at 6010-6012 Drexel Road needs a complete rehab. It is set on a double corner lot with over .6 acres (see survey attachment) in Philly's quiet Overbrook Farms neighborhood, right near St Joseph's University. It has a huge multi-family property, previously used as 5 apartments, offering a fantastic investment opportunity and room enough to construct several new homes making it a developers dream! The structure was originally built in stone and still maintains that facade. The current layout features three 1-bedroom apartments, one 2-bedroom apartment, and one 3-bedroom apartment, each with 1 full bathroom and a kitchen. Modern updates and repairs could be combined with its abundant space and original character to create a one-of-a-kind single-family home or high-producing rentals in this sought-after location. In addition to the historic building, the expansive lot would provide ample parking and room for possible new construction of 2-4 homes with resales of over $600,000.00. 6010-6012 Drexel Rd is close to popular shopping centers with stores like Whole Foods, Trader Joe's, and Target. Lankenau Medical Center is minutes away, plus there's easy access to public transit, Lancaster Ave, City Ave, Delaware County, and Montgomery County. Schedule your showing today! The sale is being overseen/ monitored by a conservatorship/ legal custodian to address and remedy outstanding violations, which include cleaning up the grounds and repairing the roof. A list of repairs are attached. Upon purchase, the buyers will assume responsibility for these repairs. All offers due by tomorrow, 5/29 at 5PM.

Price History
5/21/2024 Listed $395,000

General Features

Sewer Public Sewer
Heating None
Cooling None
Possession Settlement
Zoning RSD3
Architectural Style Other
Construction Materials Masonry
Year Built 1920
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Multi-Family
Subdivision Name OVERBROOK FARMS
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status PENDING
Directions South on City Avenue,East on Drexel Road
ModificationTimestamp 2024-05-30T11:00:27
City PHILADELPHIA
Buyer Agent Compensation 3
NumberOfUnitsTotal 4
MLS Area 19131 (19131)
Lot Size Units Square Feet
Lot Size Square Feet 27394.00
Tax Assessed Value 582200.0
Waterfront Y/N No
Street Name DREXEL
Tax Annual Amount 8149.0
Two Bedroom 1
Structure Type Detached
One Bedroom Units Count 3
Price Per Sq Ft Total 26.98
Vacation Rental Y/N No
Total SQFT 14640
Days on Market 10
Standard Status Pending
Year Built Source Assessor
Tax Lot 22
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel None
Basement Unfinished
Hot Water None
Basement (Y/N) Yes
Fireplace Y/N No
Street Suffix ROAD
Central Air Y/N No
LivingAreaSource Assessor
Three Bedroom Units Count 1

Exterior Features

Pool No Pool
Water Source Public
Total Parking Spaces 12
Type of Parking Driveway
Land Use Code CA0
Foundation Details Stone
Water View Y/N No
Lot Dimensions 0.00 x 221.00
Lot Size Acres 0.63
Lot Size Source Assessor
Land Assessed Value 174660.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 19131

Price
AVG $210K
$400K
Taxes
AVG $3,137
$8,149
Visits
AVG 387
134
Data Provided by Inside Real Estate®
Year Built
AVG 1934
1920