Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
N/A
Subject of sale are 2 commercial parcels: 6350-54 Ogontz Ave and 1900-16 E Chelten Ave. Ogontz Ave parcel(roughly 12,000 sf interior) consists of 2 storefronts each spanning roughly 6,000 sf. One of them is currently occupied by a day care center and the other is awaiting a new tenant. Chelten Ave parcel(roughly 5,500 sf) consists of 6 storefronts that are fully occupied. These two parcels spanning roughly 17,550 sf together bring in over $290,000 in annual gross rents (including the one 6,000 sf curtrently vacant space which is projected conservatively to bring in $5,000/mon or $60,000 in annual rents). Total annual expenses are currently $26,535 that is broken down to $18,723 in property taxes for 2 parcels, $5,812 in property insurance, and around $2,000 in repairs and maintenance. Thus, the annual NOI would be over $263,000 - What an exellent investment property!
Features & Amenities
Interior
Area & Lot
-
Lot Features
Corner Lot, Level
-
Lot Size(acres)
0.41
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
On Street
Financial
-
Sales Price
$3,500,000
-
Tax Amount
9569.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Sang-Mook Ha , Hanco Real Estate LLC
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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