2347 East Somerset Street Philadelphia, PA 19134

$550,000
0.05
Acres
1,500
SQFT
367
$/SQFT
$550,000
1,500   sf
$367 / sf
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Surrounded by new construction, this 2-building property is a prominent corner mixed-use duplex at 2347 E Somerset, anchored by a long-term wing shop tenant paying $3,500/month NNN, with 6+ years remaining. The commercial tenant also uses the basement for office space, a half bath, and yard access for trash storage. The second-floor apartment is a freshly renovated 2-bedroom with a private deck, washer/dryer, dishwasher, central air, and all-new finishes; it is currently rented for $1,540/mo. This is an excellent pure investment play and an opportunity to own the adjacent properties. Owning the adjoining property simplifies commercial management, and the location offers easy access to I-95, local retailers, and major shopping centers. Can be purchased as a package with 2343 & 2345 E Somerset St. New sewer line to the street, new fire alarm system, and new security alarm system.

Surrounded by new construction, this 2-building property is a prominent corner mixed-use duplex at 2347 E Somerset, anchored by a long-term wing shop tenant paying $3,500/month NNN, with 6+ years remaining. The commercial tenant also uses the basement for office space, a half bath, and yard access for trash storage. The second-floor apartment is a freshly renovated 2-bedroom with a private deck, washer/dryer, dishwasher, central air, and all-new finishes; it is currently rented for $1,540/mo. This is an excellent pure investment play and an opportunity to own the adjacent properties. Owning the adjoining property simplifies commercial management, and the location offers easy access to I-95, local retailers, and major shopping centers. Can be purchased as a package with 2343 & 2345 E Somerset St. New sewer line to the street, new fire alarm system, and new security alarm system.

  • Neighborhood
  • Type
  • County
    Philadelphia
  • Area
    19134
  • Tax Amount
    $4,901
  • Status
    Active
  • Listing #
    PAPH2562872
  • Built
    1925
  • Lot Size
    0.05
  • Listed on site
    203 days
  • Listing Agent Id
    121135776402

Listed by:
KW Empower

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning

Style

  • Traditional
  • Duplex

Property History

DateDays AgoEventNew Price
May 23, 20261 mo agoPrice decreased50,000 (8%)$550,000
May 5, 20262 mos agoPrice increased350,000 (58%)$600,000
May 4, 20262 mos agoPrice decreased649,999 (72%)$250,000
Mar 27, 20263 mos agoPrice decreased1 (0%)$899,999
Dec 2, 20257 mos agoNew on market$900,000
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