I am pleased to present an investment opportunity in a rising neighborhood in Northwest Philadelphia. This mixed-use building is ideal for an investor looking for rental income or an owner-operator for the commercial space.
Property Highlights:
- Location: Situated on a high-traffic artery.
- Layout & Income: Features a first-floor barber shop currently rented for $1,350/month and a two-bedroom apartment rented month-to-month for $1,050/month. Both rents are below market rate.
- Inclusions: All barber shop equipment is included in the sale.
- Financials: Gross yearly rental income is $28,800 with an approximate 7% CAP rate. Expenses are limited to real estate taxes, insurance, and maintenance.
The listing price is excellent. Additionally, the seller is offering financing to a qualified buyer with a $100,000 down payment.
Please let me know if you would like to receive more details or schedule a viewing.
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Listing Snapshot
Price
$375,000
Days On Site
578 Days
Bedrooms
2
Inside Area (SqFt)
1,804 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
1920
MLS® Number
PAPH2444958
Status
Active
Property Tax
$1,535
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
4 weeks ago
Listing updated with changes from the MLS®
7 months ago
Status changed to Active
a year ago
Price changed to $375,000
2 years ago
Listing first seen on site
General Features
Acres
0.03
Cross Street
52nd
Foundation
Other
Number Of Stories
2
Parking
On Street
Property Sub Type
Duplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
1804
SqFt Total
1804
Style
Dwelling with Rental
Utilities
Sewer AvailableWater AvailableElectricity Available
Water Source
Public
Zoning
CMX1
Interior Features
Appliances
Electric Water Heater
Basement
Other
Cooling
Central AirElectric
Flooring
CarpetCeramic Tile
Heating
ElectricForced Air
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Exterior Features
Pool Features
None
Roof
Asphalt
Community Features
MLS Area
19139 (19139)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Realty Mark Cityscape-Huntingdon Valley
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