$179.19 Per Sq Foot $1,933 est/mo Sourced by Back At You

5556 Market Street,Philadelphia, PA 19139

Philadelphia PA, 19139

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Description

Welcome to your next investment opportunity! This turnkey mixed-use building promises excellent cash flow and minimal overhead, making it an investor's dream. Nestled in the burgeoning Walnut Hill section of Philadelphia, adjacent to the esteemed University of Pennsylvania, this property boasts three units ripe for income generation. Positioned conveniently on Market Street's south side, mere steps from the SEPTA 56th Street EL stop, accessibility is unmatched. Your tenants will relish the swift commute to Penn, Drexel, or downtown Philadelphia, thanks to the nearby elevated train. The ground floor fronts a versatile commercial space, zoned CMX2 to accommodate various business endeavors. Currently leased at $725 per month, this unit offers immediate returns. Meanwhile, the rear residential unit on the first floor presents a spacious one-bedroom apartment with kitchen, bath, flooring, heater, and washer/dryer. Priced at $1000 per month, its private fenced yard adds an extra allure. Ascending to the second floor reveals a charming two-bedroom unit, boasting a ceramic-tiled kitchen, pergo flooring, and modern amenities like high-efficiency gas forced air heat and central air. With a rental income of $1100 per month, its enclosed porch could easily transform into a third bedroom, maximizing returns. To sweeten the deal, the property offers off-street parking for 1-2 cars, potentially yielding an additional $50-$100 per month in rent. Resting on a generous 125-foot deep lot with a convenient rear alley/private driveway, convenience and flexibility abound. Whether you're eyeing a 1031 exchange, a cash sale, commercial financing, or envisioning yourself as an owner-operator, this offering caters to diverse investment strategies. Don't miss out on this golden opportunity to secure your foothold in Philadelphia's thriving real estate market!

Details

MLS#PAPH2320258
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site101
Listing Provided ByKW Empower | Carlos Masip

Features

SQ Feet2,009
ZoningCOMMERCIAL
Acreage0.04

Market Activity 19139

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Learn More About This Property

StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19139
Area19139
Community NameWalnut Hill
School DistrictThe School District Of Philadelp
Listing VS Median (in Walnut Hill)
Price:
$360,000
low | high
Med:
$292,500
68.75% of Average
SqFt:
2,009
low | high
Med:
2,093
45.843703334993% of Average
$ / SqFt:
$179
low | high
Med:
$141
71.396360895779% of Average
On Site:
101
low | high
Med:
97
100% of Average
Sourced by Back At You
Listing Updated: May 14, 2024 at 2:01:26 PM PDT