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Incredible investment opportunity . This location has been trending up for many years. The property consists of 1 commercial space and 2 residential apartments. The commercial space is a long standing barber shop and the current rent is $1800 per month. The 2nd floor unit has just been updated and a tenant has been secured for $1800 per month. The 3rd floor unit has a long term tenant and rent is $1200 per month but is well below market rent. Both residential units are in great shape and have 3 bedrooms and a full kitchen and living room. At the current price the cap rate is over 9%.
| DAYS ON MARKET | 248 | LAST UPDATED | 11/12/2024 |
|---|---|---|---|
| YEAR BUILT | 2009 | COMMUNITY | 19121 (19121) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to May 15, '24 | $650,000 |
|---|---|
| May 15, '24 - Jun 3, '24 | $625,000 |
| Jun 3, '24 - Jun 18, '24 | $599,900 |
| Jun 18, '24 - Jun 30, '24 | $575,000 |
| Jun 30, '24 - Jul 31, '24 | $550,000 |
| Jul 31, '24 - Nov 12, '24 | $525,000 |
| Nov 12, '24 - Today | $515,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19121 (19121) |
| HEAT | Electric |
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 18.00 x 98.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 5128 |
| UTILITIES | Cable Available, Natural Gas Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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