Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1930
Sq.Footage
3,969
Fully leased Investment Opportunity. 6728-30 Old York Rd, this mixed use building has a ground-floor commercial space and (2) two-bedroom/1 bath apartments on the upper floors with washer and dryer. The Commercial space is currently leased to a successful restaurant tenant at $5,834 NNN through 2028 (with option to renew) and a 3% annual increase in rent. High traffic count and visibility. NNN lease on the commercial space. Real estate taxes are paid by tenant upon renewal following initial sixty-month term. Both apartments feature: (2) bedrooms, 1 full bathroom, stainless steel kitchen appliances & washer/dryer in units. Second floor has an outdoor space. 3rd floor is leased at $1,550/month through 11/30/2025 & 2nd floor is $1,450 a month. Each unit is separately metered & tenants pay all utilities. The building is located in a Qualified Opportunity Zone (QOZ), possible tax benefits for investors to defer or eliminate federal taxes on capital gains. Great location and fully occupied
Features & Amenities
Interior
-
Total Bedrooms
4
Area & Lot
-
Lot Size(acres)
0.04
-
Property Type
Residential Income
-
Architectural Style
Traditional
Exterior
-
Garage
No
-
Parking
None
Financial
-
Sales Price
$799,000
-
Tax Amount
3694.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Evan Walton , Addison Wolfe Real Estate
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.

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