Fantastic value add investment opportunity in the heart of West Germantown, close to Chelten Avenue corridor and Wayne Junction, with extensive transit access. Steadily growing commercial corridor with tremendous upside opportunity. Currently ready to deliver vacant, was recently rented with total annual rental income of $90,000, approximately 15% CAP RATE
Includes two storefronts, most recently used as office space in one ($1200), and ice cream store ($950) in the other. Four residential units with partial updates including (with last rents) one 2 bedroom ($2100), two1 bedroom units ($1900 and $750) and one efficiency ($600). All electric heating and hot water, separately metered.
Bright units with north, south and east exposures across three floors in converted Victorian grand home. Most recent rentals had city rental licenses.
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Listing Snapshot
Price
$450,000
Days On Site
158 Days
Bedrooms
4
Inside Area (SqFt)
3,291 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1890
MLS® Number
PAPH2613416
Status
Active Under Contract
Property Tax
$2,406
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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