Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
N/A
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 .
Features & Amenities
Interior
-
Total Bedrooms
7
Area & Lot
-
Lot Size(acres)
0.2
-
Property Type
Residential Income
-
Architectural Style
Contemporary
Exterior
-
Garage
No
-
Parking
Parking Lot
Financial
-
Sales Price
$1,680,000
-
Tax Amount
6241.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Jie Chen , Home Max Realty
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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