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.
| MLS # | PAPH2444958 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 633 |
| Listing Provided By | Realty Mark Cityscape-Huntingdon Valley | Elisavet Antonouli |
| SQ Feet | 1,804 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | CMX1 |
| Acreage | 0.03 |
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Roof | Asphalt |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Other |
| Garage Yes / No | No |
|---|
| Utilities | Electric Available, Phone, Sewer Available, Water Available |
|---|
| Tax Annual Amount | 1535 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| School District | PHILADELPHIA CITY |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| School District | PHILADELPHIA CITY |