2,219 Sqft Lot
2,219 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2495072
Year Built 1950
Annual Tax Amount $3,326
Tax Year 2025
Lot Size 2,219 Sqft
Acres 0.05
Lot Dimensions 20.00 x 111.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Great opportunity with this value-add CMX-1 zoned property. With a little bit of cosmetic touch-ups, this can be a great rental investment with 3 units. Over 12% CAP rate with current market rents - very rare find now.
Lower level unit has 2 bedrooms with a full-bath and kitchen.
First floor has 1 bedroom, 1 large living room, kitchen and bathroom. Can be used as an office/retail as well.
Second Floor has 2 bedrooms, 1 kitchen (gas stove) and a full bathroom.
Lower level has separate entrance. Main floor has one entrance that breaks off into 2 entrances at the foyer.
Estimated approximate annual income $36,000 Gross minus expenses of $5000/yr = 31,000 (12% Net)
Come check it out and put your money to work for you!
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning MIXED USE
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 353238500
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
