1500 N 56th Street

Back on the market with a $20k price reduction!!!!!! Buyer had a change of heart. So this gives you a second chance! Your next investment Opportunity is here! Imagine the potential this property has to offer. Currently set up with a vacant commercial space on the first level and a spacious 4 bedroom, 1 bathroom bi-level residence on the second and third levels. Proposed floorplans for one layout option that was being considered with 2 residential rental units upstairs and a commercial store front on street level are available. A rehab opportunity with amazing potential as a fix and flip or rent and hold. Utilities are separated. ATLAS states the property is zoned RSA5. See zoning documents indicating this was approved as a 2 family residential dwelling with a commercial space below. This is the opportunity you have been waiting for. Don't miss this one! Schedule a showing today!
The property is being offered in as-is condition. Buyer is responsible for City Resale Certificate and any CO requirements. Seller will not provide any Permits or a Certificate of Occupancy. Buyer is responsible for due diligence regarding zoning and taxes after the City tax reassessment, If you have any questions about the tax assessment, contact the City of Philadelphia. We are not involved in the City of Philadelphia’s tax reassessment and do not have any input or control in the results.