1537 E Luzerne, Philadelphia, PA 19124

Property Description

Great investment opportunity at 1537 E. Luzerne Street featuring a ground-level space currently operating as a barbershop with two apartment units above. The renovated ground level features a spacious open layout, ceramic wood-look tile flooring, recessed lighting, and a half bathroom. The space is currently rented for $920 per month. The second floor features a two-bedroom apartment currently rented for $800 per month. The unit includes two bedrooms, a living room, a long hallway leading to a small dining area, kitchen, and full bathroom with tub. The third-floor apartment is currently rented for $750 per month and offers one bedroom, a living room, eat-in kitchen, three-piece bathroom, and an additional small room off the kitchen that provides flexible space for storage, an office, or other use. All three tenants are currently on month-to-month leases, providing flexibility for the new owner. The barbershop and residential units feature electric baseboard heat, with tenants responsible for their own electric and the owner currently paying water. Buyer is responsible for independently verifying zoning and permitted use with the City of Philadelphia.