Great Opportunity for an investor and an owner to occupy this 11,629 square feet with a finished basement of 3471 square feet located on 6423-25 Rising Sun Ave. The bank has both entrances from Rising Sun Ave and a parking lot with a large open corridor, lobby, waiting area, personal banker cubicles, reception, meeting room, teller vault, safe deposit vault, men + ladies bathroom, 2-private executive office with bath, lunch room, 2 large conference room with plenty of storage rooms. The adult care center has both entrances large lobby, 4 private offices, a large conference room in the back with a kitchenette, a work room, and 4 bathrooms. The finished basement has 5 large office rooms, 2 baths, a kitchenette, utility rooms, and plenty of storage spaces. There are sprinkler systems in the building, the new roof was installed in April 2024 and the adult care was renovated a few years ago. There are 6 rooftop HVAC Units and 3 were installed after 2017. There are large signages in the front and the back street. Currently, both tenants Bank of America's 7,398 sf and the Adult Care center's 4231 square feet are occupying. This sale included 2 additional lots currently 75 parking spaces 6410-20 Parlmetto Street #885681300 and 6422 Palmetto Street # 885682140. The parking lots are shared between both tenants now and the bank does have a drive-thru in the back. Both front entrances are on Rising Sun Ave and the parking entrance and exit are on Levick Street and Palmetto Street. Conveniently located on this busy Rising Sun Ave in the most desirable Northeast Philadelphia, Minutes to Montgomery County, Center City. Also, the building is for lease at $22.00 per square foot. The buyer and agent must check the size and zoning. All showing must send POF before showing.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (856) 321-1212
Listing Agent: Paul P Cheng
Lot Features
Lot Information:
Lot Size: 0.24 Acres
Other
Directions Information:
Directions: Levick Street to North on Palmetto Street
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $3,350,000
Tax Information:
Annual Amount: $1,499
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $3.0M more than the Median Sold Price in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2410038
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (856) 321-1212
Listing Agent: Paul P Cheng
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$16.7K
Per Month
Principal & Interest
$16.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.1K
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Laura H. Carnell School
1100 Devereaux Ave
Distance between this listing and this school0.88 miles
Public District Grades KG-5
6
/10
J. Hampton Moore School
6900 Summerdale Ave
Distance between this listing and this school0.89 miles
Public District Grades KG-5
5
/10
Cheltenham Elementary School
7853 Front St
Distance between this listing and this school1.03 miles
Public District Grades KG-4
Nearby Schools
3
/10
Benjamin Franklin School
5735 Rising Sun Ave
Distance between this listing and this school0.73 miles
Public District Grades KG-8
6
/10
Universal Creighton Charter School
5401 Tabor Ave
Distance between this listing and this school1.20 miles
Public Charter Grades KG-8
5
/10
Woodrow Wilson Middle School
1800 Cottman Ave
Distance between this listing and this school1.33 miles
Public District Grades 6-8
Nearby Schools
4
/10
Mast Community Charter School II
6238 Rising Sun Ave
Distance between this listing and this school0.19 miles
Public Charter Grades KG-10
3
/10
Samuel Fels High School
5500 Langdon St
Distance between this listing and this school0.89 miles
Public District Grades 9-12
4
/10
Northeast High School
1601 Cottman Ave
Distance between this listing and this school1.29 miles
The neighbors living near this home have an average income of $56,101. The most common annual income of people living in Philadelphia, PA is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6422 Palmetto St
What is the listing price of this property?
The listing price of 6422 Palmetto St property is $3,350,000.
What type of property is this?
The property 6422 Palmetto St is land located in Philadelphia, Pennsylvania, 19111.
Is this property for sale now?
Active Listing: 6422 Palmetto St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,499 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 10, 2015 for $450,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 6422 Palmetto St in Philadelphia, PA and zip code 19111 in the Near Northeast Philadelphia neighborhood. This home sits on a 0.24 acre lot. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $3,350,000.
Philadelphia, PA housing market in November 2024 saw over 219 listings sold above listed price, more than 204 sold at listed price and over 523 sold below. Between October 2024 and November 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 1.8%. In November 2024 median list price was $265,372 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
Pro Boxing
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
H&M
Burlington
Foot Locker
Boston Market
White Castle
Little Caesars
Honda
Kia
Dodge
Rhythmic Contemporary Hits
Urban Adult Contemporary