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

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PHILADELPHIA

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Listing Courtesy of Evan Walton , Addison Wolfe Real Estate

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TheresaKehler

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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

6728 OLD YORK ROAD 30

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