2347 E Somerset Street Philadelphia, PA $ 1,349,000
2347 E Somerset Street
$ 1,349,000
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2347 E Somerset Street

Philadelphia, PA, 19134
$ 1,349,000
Bedrooms2 Baths0.1 Sq 1,500

Monthly Estimate*

$ 9,423

2347 E Somerset Street, Philadelphia, PA 19134 - Image 1
2347 E Somerset Street, Philadelphia, PA 19134 - Image 2
2347 E Somerset Street, Philadelphia, PA 19134 - Image 3

Townhouse for sale in Philadelphia, PA

for $1,349,000 with 2 bedrooms and 1 half bath. This 1,500 square foot townhouse was built in 1925 on a lot size of 0.11.

Included in this enticing package are three properties to be sold together: a mixed-use townhome (2347) alongside two residential properties (2345-2343). With 2347 Somerset St. previously being a mixed-use pizza shop, all of the equipment is included, giving a fully equipped pizza shop. Boasting a prime location just off Aramingo Ave., these properties offer convenience and accessibility, with a remarkable walking score of 80. Tenants will relish the proximity to local favorites such as Tacconelli's and Stock's Bakery, as well as the vibrant shopping destination of Fishtown Crossing, which boasts nearly 30 shops, including GNC, Hair Cuttery, Starbucks, and IGA Supermarket, just a short stroll away. This turnkey pizza shop, combined with the potential for mixed-use development, presents a compelling proposition for those seeking to maximize their investment potential in Philadelphia's dynamic real estate landscape. Investors have the exciting opportunity to capitalize on the potential for converting the single units within the property package at 2347-45-43 E. Somerset Street into multi-family residences or commercial mixed-use (CMX) spaces. Leveraging the strategic location just northeast of the Conrail tracks in Port Richmond, Philadelphia, these properties offer a fertile ground for innovative development. Whether it's reimagining the existing mixed-use townhome (2347) or repurposing the adjacent residential properties (2345-2343) into multi-family apartments or flexible CMX spaces, the prospects for adaptive reuse are vast. Total square footage for building improvements is 4,696 soft including all three properties (2343: 1504 sqft; 2345: 1692 sqft; 2347: 1500 sqft). Total land square footage is 4816 sqft including all three properties (2343: 1173 sqft; 2345: 1320 sqft; 2347: 2323 sqft).

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Townhouse Active

Price

$ 1,349,000

Bedrooms

2

Half Bath

1

Property Type

Townhouse

Taxes

$ 2,242

Style

Lot Size

0.11

Year Built

1925

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2342574

Features
Interior
Heating Fuel Natural Gas
Basement Unfinished
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1500
Full Baths 0
Half Baths 1
Street Suffix STREET
Central Air Y/N N
Total Bedrooms 2
Below Grade Finished Area 0
Main Level Bedrooms 0
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
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General
Sewer Public Sewer
Heating 90% Forced Air
Cooling None
Possession 31-60 Days CD 0-30 Days CD Immediate
Zoning CMX1
Architectural Style Other
Construction Materials Masonry
Year Built 1925
Levels 3
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Residential
HOA / Comm Assn N
Subdivision Name PORT RICHMOND
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Use GPS.
City PHILADELPHIA
Buyer Agent Compensation 2.5
Senior Community Y/N N
MLS Area 19134 (19134)
Lot Size Square Feet 4816.00
Waterfront Y/N N
Street Name SOMERSET
Tax Annual Amount 2242.0
Structure Type End of Row/Townhouse
Condo/Coop Association Y/N N
Price Per Sq Ft Total 899.33
Acceptable Financing Cash Conventional Private
Vacation Rental Y/N N
Days on Market 37
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Pool No Pool
Water Source Public
Inclusions Pizza shop equipment included
Type of Parking On Street
Foundation Details Other
Water View Y/N N
Lot Dimensions 57.00 x 73.00
Lot Size Acres 0.11
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 32040.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 2347
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* Excluded Features
List By
Re/Max Truist

Broker

bobby.coyle@remaxtruist.com

Email

Affordability Calculator

$9,610
Per Month
98%
2%
0%
Monthly Principal & Interest
$9,423
Monthly Property Taxes
$187
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4488946 Elementary School
4488947 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2024$1,349,000 -3.30% Price Down
4/12/2024$1,395,000 Listed Price

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2347 E Somerset Street, Philadelphia, PA, 19134 is a Townhouse for sale at $1,349,000 with 1,500 sqft and a lot size of 0.11. 2347 E Somerset Street has 2 bedrooms, 0.1 baths, and was built in 1925. The property's zip code is 19134 which is in Philadelphia, PA