$375,000

Property Description

I am pleased to present an investment opportunity in a rising neighborhood in Northwest Philadelphia. This mixed-use building is ideal for an investor looking for rental income or an owner-operator for the commercial space. Property Highlights: - Location: Situated on a high-traffic artery. - Layout & Income: Features a first-floor barber shop currently rented for $1,350/month and a two-bedroom apartment rented month-to-month for $1,050/month. Both rents are below market rate. - Inclusions: All barber shop equipment is included in the sale. - Financials: Gross yearly rental income is $28,800 with an approximate 7% CAP rate. Expenses are limited to real estate taxes, insurance, and maintenance. The listing price is excellent. Additionally, the seller is offering financing to a qualified buyer with a $100,000 down payment. Please let me know if you would like to receive more details or schedule a viewing.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Feb 11, 2025

Price per Sq Ft

$208/sqft

ZIP Code

19139

Parking

On Street

Heating

Forced Air

Cooling

Central A/C

Construction

Masonry

Style

Dwelling With Rental

Property Tax (2026)

$1,535/yr

Assessed Value

$109,700

Last Sold

$17,000 · Feb 10, 2015

Neighborhood

Dunlap

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 39.96445 · Lng -75.22372