206 W Allegheny Ave, PHILADELPHIA, PA 19133

This property offers a singular investment opportunity. It is currently being utilized as a rooming house on the second floor (featuring 3 good size bedrooms), and an apartment on the first floor. The property's RM-1 zoning designation signifies its location in a residential area specifically zoned for multi-family dwellings. The seller previously operated a barber shop on the first floor, a use that is still permissible and potentially lucrative. The first floor features seven barber chairs that can be rented out individually, providing a substantial source of cash flow. Additionally, there is another apartment situated at the rear of the first floor. While the building does not feature a kitchen, one can be easily installed. The basement boasts a separate entrance at the front of the building and has the potential to be transformed into an additional apartment. Utilities are separate, with the exception of water and gas. The prime location offers easy access to public … read more …