Investments Sales Management

6003 N 5TH STREET

PHILADELPHIA , PA 19120

MLS#: PAPH2577628

$279,000

Status: Active
Listing number: PAPH2577628
Listing provided by: PK PROPERTY INC.
Listing agent phone: None
Last update: 2 days ago
On site: 15 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1945

Sq.Footage

N/A

This property includes a basement and a two-story building. The first floor has been operating as a breakfast restaurant for a long time and is currently run by the seller. It has a cooking grill and is approximately 1300 square feet. The second floor has three bedrooms, one bathroom, and a kitchen. Two of the rooms are currently rented out, one for $600 and the other for $400. The third room could also be rented for $600. The price of $279,000 is for the building only. If you want to buy the business as well, you would pay an additional $49,000. The seller wants a 10-year lease with a rent of $1500 per month if only the building is sold. This would generate approximately $37,200 in annual rent from the entire building. After deducting insurance ($3,500) and property taxes ($1,500), the net annual rent would be approximately $32,000. The first-floor restaurant space can be used for any type of restaurant, not just breakfast and lunch.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $279,000

  • Tax Amount

    2357.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    316

  • Water Source

    Public

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Listing Courtesy of Peter Han , PK PROPERTY INC.

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Agent Theresa Kehler

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Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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This property includes a basement and a two-story building. The first floor has been operating as a breakfast restaurant for a long time and is currently run by the seller. It has a cooking grill and is approximately 1300 square feet. The second floor has three bedrooms, one bathroom, and a kitchen. Two of the rooms are currently rented out, one for $600 and the other for $400. The third room could also be rented for $600. The price of $279,000 is for the building only. If you want to buy the business as well, you would pay an additional $49,000. The seller wants a 10-year lease with a rent of $1500 per month if only the building is sold. This would generate approximately $37,200 in annual rent from the entire building. After deducting insurance ($3,500) and property taxes ($1,500), the net annual rent would be approximately $32,000. The first-floor restaurant space can be used for any type of restaurant, not just breakfast and lunch.

6003 N 5TH STREET

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