1750-54 BRIDGE ST Philadelphia, PA 19124
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2487376
Year Built 1965
Annual Tax Amount $2,372
Tax Year 2024
Lot Size 4,143 Sqft
Acres 0.1
Lot Dimensions 40.00 x 104.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The owner is retiring and, since COVID, has opted not to operate at full capacity — resulting in below-optimum ROI and presenting a significant upside opportunity for the next operator.
Currently, 15 residents occupy the facility, most receiving SSI assistance and paying an average rate of approximately $1,640 per month at the lowest tier. A new owner can substantially increase GUARANTEED GOV'T INCOME by expanding to higher-paying programs.
For instance: The Veterans Administration pays $3,500+ per month for non-medical skilled housing.
Skilled nursing programs and other specialized care providers pay considerably more for qualified facilities.
The property consists of two adjacent, well-maintained buildings:
• 1750 Bridge Street. A three-story detached facility featuring 3 bedrooms, a kitchen, dining room, office, 2 full bathrooms, and a partially finished basement.
• 1754 Bridge Street. A two-story facility with 8 rooms, 4 full bathrooms, a commercial kitchen, dining area, office, half bathroom, and reception area on the lower level. The second floor mirrors the layout with 5 bedrooms and 2 full bathrooms.
Zoning & Potential Uses: Zoning: RSA-5 Permitted Use (Y50): Health or Personal Care Facility
Other potential uses via variance: Daycare, Residential Apartments, Drug Rehabilitation, or Institutional Facility.
This property has been meticulously owned and operated by the same owner for over 20 years, ensuring a clean, compliant, and well-maintained environment. This listing is for the real estate only. If the investor wants to include the existing occupant's business goodwill the Asking Price is $779,000. Salient financial and licensing documents are available to serious, pre-qualified investors upon execution of a Non-Disclosure Agreement (NDA).
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA5
Interior
Hot Water 60+ Gallon Tank, Natural Gas
Heating Forced Air, Hot Water
Cooling Central A/C, Wall Unit, Window Unit(s)
Flooring Ceramic Tile, Laminated, Partially Carpeted, Vinyl
Inclusions All existing business operating equipment.
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Roof Type Built-Up
Accessibility Wheelchair Mod
Total Parking Spaces 3
Garage N
Building
Lot Description Level
Foundation Slab, Stone
Sewer No Septic System
Water Public
New Construction N
Schools
Elementary Schools Feltonville Arts And Sciences
Middle Schools John Paul Jones
High Schools Frankford
School District Philadelphia City
Others
Tax ID 622098200
Ownership Fee Simple
Security Features Carbon Monoxide Detector(s),Exterior Cameras,Fire Detection System,Main Entrance Lock,Motion Detectors,Resident Manager,Smoke Detector,Surveillance Sys
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
