Incredible investment opportunity . This location has been trending up for many years. The property consists of 1 commercial space and 2 residential apartments. The commercial space is a long standing barber shop and the current rent is $1800 per month. The 2nd floor unit has just been updated and a tenant has been secured for $1800 per month. The 3rd floor unit has a long term tenant and rent is $1200 per month but is well below market rent. Both residential units are in great shape and have 3 bedrooms and a full kitchen and living room. At the current price the cap rate is over 9%.
MLS # | PAPH2481942 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active-bright |
Year | 2009 |
Days On Site | 67 |
Listing Provided By | Liberty Bell Real Estate & Property Management | Daniel J. Maneely |
Units | 3 |
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Zoning | CMX25 |
Acreage | 0.04 |
Cooling | Central A/C |
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Heating Yes / No | Yes |
Heating | Heat Pump - Electric Back Up |
Roof | Rubber |
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Construction Materials | Masonry |
Garage Yes / No | No |
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Utilities | Above Ground, Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
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Sewer | Public Sewer |
Electric | 3 Phases |
Tax Year | 2025 |
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Tax Annual Amount | 4301 |
Tax Lot | 63 |
State | PA |
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County | PHILADELPHIA PA |
City | PHILADELPHIA |
Zip Code | 19121 |
Area | 19121 (19121) |
School District | THE SCHOOL DISTRICT OF PHILADELP |