Completely remodeled & occupied building, with a ground-floor commercial space and (2) 2 bedroom apartments above. Commercial Space is occupied by restaurant tenant at $5,665 NNN lease through 2028, with a 3% annual increase (starting in beginning of 2023) & option to renew. Unit 2 is rented at $1,550 a month - tenant renewing through 9/25 and Unit 3 is on the market for $1,550, we are actively seeking a qualified tenant. This also makes an ideal situation for a potential owner-occupant. Leases available upon request. Building is grossing $8,765 monthly, $105,180 annually. VERY minimal/low taxes & expenses. All units are separately metered and tenants pay all utilities. Located in a QOZ. Contact listing agent for more information & to schedule a showing.
MLS# | PAPH2398114 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1930 |
Days On Site | 16 |
Listing Provided By | KW Empower | David Snyder |
SQ Feet | 3,969 |
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Zoning | CMX2 |
Acreage | 0.04 |
State | PA |
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County | Philadelphia |
City | Philadelphia |
Zip Code | 19126 |
Area | 19126 |
School District | The School District Of Philadelp |
Listing VS Median (in 19126) | |
Price: $924,900 low | high Med: $269,900 SqFt: 3,969 low | high Med: 1,472 $ / SqFt: $233 low | high Med: $183 On Site: 16 low | high Med: 116.000000 |