$1,680,000

Property Description

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .

Property Facts & Features

Property Type

Multi Family

Status

For Sale

Listed

Mar 16, 2022

Price per Sq Ft

$Infinity/sqft

ZIP Code

19111

Parking

Parking Lot

Heating

90% Forced Air

Cooling

Central A/C

Construction

Masonry

Style

Contemporary

Property Tax (2026)

$6,241/yr

Assessed Value

$445,900

Last Sold

$720,000 · Oct 21, 2014

Neighborhood

Burholme

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 40.06057 · Lng -75.08299