1770 Mascher St Philadelphia, PA 19122
- Investment properties
- 2,422 SF
- 0.02 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1770 Mascher St
- Year built
- 1915
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.02 lot acres
- Property size
- 2,422 SF
- Zone code
- RSA5
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 87-1-5247-20
- APU
- 871524720
Description
This exceptional mixed-use property, located at 1770 N Mascher St, Philadelphia, PA 19122, presents a unique investment opportunity. The three-story building boasts 2,424 square feet and is situated in a rapidly developing area of Philadelphia, close to Frankford Avenue's vibrant restaurant scene and surrounded by new residential construction. The property is currently vacant, offering immediate occupancy. The first floor features a retail space with recently installed flooring, fresh paint, and new windows, ideal for a variety of businesses. The upper floors comprise a fully updated four-bedroom, three-bathroom residential unit. While the HVAC system requires updating, the seller is offering a credit of up to $15,000 towards the cost with an acceptable offer. The property is zoned RSA-5. This owner-user investment opportunity is being offered at $850,000 ($350.66 per square foot). Seller financing may be considered with a 30% down payment and a qualified borrower. The property is sold as-is. This is a fantastic chance to own a versatile property in a thriving neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $395,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $455,000
- 7%
- $455,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $540,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $440,000
- Mixed-Use
- $495,000
- Hospitality
- $475,000
- Educational
- $490,000
- Residential Income
- $495,000
- Energy
- $420,000
- Income-Based Land
- $415,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.136
- Latitude
- 39.9773
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA