2,086 SqFt
2,086 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,086 sqft
Price per Sqft $122
MLS Listing ID PAPH2392644
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $1,605
Tax Year 2024
Lot Size 1,314 Sqft
Acres 0.03
Lot Dimensions 17.00 x 77.00
Property Description
Seize the opportunity to invest in this strategically located mixed-use property, situated just two blocks from major development on Lancaster Ave. in West Philly. This CMX2-zoned gem offers 2 residential and 1 commercial space, providing a solid foundation for steady cash flow and future growth.
Property Overview:
Residential Units:
Two Well-Maintained Units: Each residential unit features 1 bedroom and 1 bathroom, generating a reliable monthly income of $1,580. Both units are turnkey and in excellent condition, with stable, high-quality tenants in place.
Commercial Space:
The commercial space, situated on the ground floor, is ready for rehab and presents a fantastic opportunity to enhance its value. Once renovated, it has the potential to command a monthly rent of $1,800.
Current Total Rent Roll: $1,580 (residential)
Pro Forma Rent Roll: $4,000 (with commercial space rental and market rents)
This property can be sold individually or as part of a package deal with 4910 Lancaster Ave (MLS# PAPH2358290) at a significant discount.
Combined Active Rent Roll for Both Properties: $5,195
Combined Pro Forma Rent Roll with Renovations: $9,200 (after modest improvements such as updating floors, kitchen, and bathrooms)
Major csh flow is calling, Reach out for a detailed pro forma or to schedule a tour.
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning CMX2
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source None
Exterior
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871206550
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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