11 days on rocket

32 S 62nd St, Philadelphia, PA, 19139

$170,000

Home List Price

$2,019*

Closing Credit

0 Baths
2,044 SqFt
$83/SqFt
Multi

Location

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32 S 62nd St, Philadelphia$170,000

Buyer Closing Credits

$2,019*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year Built1925
HeatingRadiant
CoolingNone
BasementYes
MLS #PAPH2425084
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 32 S 62nd St

Investor alert! This duplex presents a fantastic investment opportunity for the savvy investor with significant potential. It features two separate units: a 2-bedroom, 1.5-bathroom unit and a 3-bedroom, 2-bathroom unit. Additional amenities include one garage space, an unfinished basement, and separate utility meters for each unit. The property is zoned RM-1, legally designated as multi-family, offering excellent flexibility for rental income. While it requires a full rehab, the upside is substantial, especially with gentrification actively transforming the surrounding area. Once renovated, the property is poised for strong cash flow, and a proforma is included to outline projected income and returns. Don’t miss this chance to capitalize on a high-potential location!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1925
  • Living Area: 2,044 SqFt

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (888) 397-7352
  • Listing Agent: Lay Gauv

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: None

Other

Directions Information:

  • Directions: Corner of S 62nd & Ludlow

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $170,000
  • Price Per SqFt: $83/SqFt

Tax Information:

  • Annual Amount: $231
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$265.3K

Med. Price/SqFt

$200

Avg. Days On Market

45

# of Sold Homes

946

32 S 62nd St vs Philadelphia

11 DAYS ON ROCKET

-34 Days

$170,000

-$95.3K Less

$83/SqFt

-$118 Less

KEY TAKEAWAY

This property is $95.3K less than the Median Sold Price and $118/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2425084

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (888) 397-7352
  • Listing Agent: Lay Gauv

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$231 -
2019$828$59,200
2018$735$52,500
2017$735$52,500

History based on county public records data.

Payment Calculator

$916

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$576

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4321741
4
/10

  • West Philadelphia Achievement Ces

  • 6701 Callowhill St

  • 0.77 miles

  • Public Charter Grades KG-5

school-card-donut-4321742
3
/10

  • Universal Institute Charter School at Bluford

  • 5801 Media St

  • 0.97 miles

  • Public Charter Grades KG-6

school-card-donut-4321743
3
/10

  • Stonehurst Hills Elementary School

  • 7051 Ruskin Ln

  • 1.01 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,792. Residents of Philadelphia, PA typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19139›32 S 62nd St

This home is located at 32 S 62nd St in Philadelphia, PA and zip code 19139 in the Cobbs Creek neighborhood. This 2,044 square foot home, which was built in 1925, sits on a 0.04 acre lot. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $170,000.

While more than 219 listings in Philadelphia, PA in November 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 523 were sold below. The number of homes for sale in Philadelphia, PA increased by 1.8% between October 2024 and November 2024. Listings spent 45 days on the market in November 2024, and had a median list price of $265,372 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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