Investments Sales Management

3301 N FRONT STREET

PHILADELPHIA , PA 19140

MLS#: PAPH2586074

$319,000

Status: Active
Listing number: PAPH2586074
Listing provided by: PK PROPERTY INC.
Listing agent phone: None
Last update: 7 days ago
On site: 7 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1935

Sq.Footage

N/A

This building is 3 stories with a basement and the first floor is currently occupied by a tenant who is operating Grossly business the store is well decorated and there is a retail unit on the first floor and a two-bedroom apartment on the second floor and a two-bedroom apartment on the third floor, for a total of three units. However, the retail unit on the first floor still has six years left on its lease and is currently paying $1,400 in rent and paying all utilities.  The second floor is perfectly furnished. It's currently empty and currently being marketed for $1,000. The third floor has a two-bedroom apartment tenan has been there for over 10 years. They're paying $650 a month, plus all utilities. So, if you rent out the second, first, and third floors, that comes out to $36,000 a year. The landlord's expenses include $2,498 in building taxes and $2,000 in building insurance, for a total of about $4,500. Subtracting those costs, you get $31,500 a year in net rental income. That's about a 10% annual income. The third floor is also very cheap. It could be a good investment.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Baseboard

  • 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

    $319,000

  • Tax Amount

    $2,498

  • 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

    229

  • Water Source

    Public

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Listing Courtesy of Peter Han , PK PROPERTY INC.

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Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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This building is 3 stories with a basement and the first floor is currently occupied by a tenant who is operating Grossly business the store is well decorated and there is a retail unit on the first floor and a two-bedroom apartment on the second floor and a two-bedroom apartment on the third floor, for a total of three units. However, the retail unit on the first floor still has six years left on its lease and is currently paying $1,400 in rent and paying all utilities.  The second floor is perfectly furnished. It's currently empty and currently being marketed for $1,000. The third floor has a two-bedroom apartment tenan has been there for over 10 years. They're paying $650 a month, plus all utilities. So, if you rent out the second, first, and third floors, that comes out to $36,000 a year. The landlord's expenses include $2,498 in building taxes and $2,000 in building insurance, for a total of about $4,500. Subtracting those costs, you get $31,500 a year in net rental income. That's about a 10% annual income. The third floor is also very cheap. It could be a good investment.

3301 N FRONT STREET

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