1501-03 E CHELTENHAM AVE Philadelphia, PA 19124
UPDATED:
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,735 sqft
Price per Sqft $101
Subdivision Oxford Circle
MLS Listing ID PAPH2655258
Style Bi-level,Straight Thru,Side-by-Side
Abv Grd Liv Area 3,735
Year Built 1945
Annual Tax Amount $4,704
Tax Year 2026
Lot Size 2,602 Sqft
Acres 0.06
Lot Dimensions 30.00 x 86.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Do not miss this investment opportunity on the rather rare and spacious mixed-use Corner Property in a great location of the desirable Oxford circle, steps away from local shops, restaurants, and public transportation with easy access to Roosevelt Blvd, Bustleton and Frankford Avenues. This property offers a versatile combination of commercial and residential spaces for a great investment opportunity. It offers a prominent street-level presence with potential built-in signs you can put there at the entrance and its strategic corner location on the intersection of two well-known streets to enhance business exposure.
This property consists of 2 attached residential single-family homes, and a mixed-use unit located in the basement which can serve a multiple variety of business such as but not limited to store-front, office space, storage facility, etc. All three units feature their own separate entrances.
The 1501 E Cheltenham Ave: 2-leveled unit atop of a store-front commercial unit offers a straight-through main level with enclosed porch, Living room, Dining area and a kitchen, this unit's second floor contains 3 bedrooms, a full hallway bathroom with ceramic tile flooring. The home features wall to wall carpets, and a neutral décor.
The other residential unit, 1503 E Cheltenham Ave, is pretty much similar to the first one, but there is a good-sized covered patio upfront, instead of the “1501's” enclosed porch, followed by the entrance door into the property.
The former business space unit is rather large, open layout main room space with the secured gate entrance, plenty of shelving stands, wall shelves, counter spaces, enclosed space with the register and a vanity sink to compliment conducting of a business from this location. Also there are multiple storage rooms in the back with more shelving units and a powder room. The commercial space is centrally air-cooled for the convenience of customers.
Additionally, this property has a driveway in the back for the off-street parking.
NOTE: All these three units are sold together in one RE transaction and cannot be separated.
1501 E Cheltenham Ave: occupied on the month-to-month basis
1503 E Cheltenham Ave: still has a yearly Lease until 03/31/27
Mixed-use basement is vacant
The residential units are still occupied with nice, good-paying tenant that are current on their rents. This property is being sold AS-IS, WHERE-IS with the existing Residential Leases being transferred to the Buyer at the Settlement. It is requires some love and updating but has lots of great potential. The mixed-use basement still has all the shelving units and equipment that for the right price can be negotiated to be included in the Sale. The Price is firm, but very reasonable for a quick sale. Lowball offers would not be accepted nor considered.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA5
Rooms
Basement Full, Outside Entrance, Other
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Inclusions All the shelving units and equipment in the basement is negotiable
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Slab
Above Ground Finished SqFt 3735
Sewer Public Sewer
Water Public
Architectural Style Bi-level, Straight Thru, Side-by-Side
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871583880
Ownership Fee Simple
SqFt Source 3735
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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