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Here's a rare corner mixed-use multi-family turnkey investment opportunity in West Philadelphia. Situated at the prime intersection of Market and 59th St, this meticulously maintained property offers a lucrative addition to any investment portfolio. The building features six total units: one commercial space, two studios, two one-bedroom apartments, and one two-bedroom apartment. All units are currently rented out. The ground floor commercial unit is ideally positioned to benefit from the high foot traffic in the area, offering excellent visibility for a variety of businesses. Above the commercial space, the five residential apartments are bright and inviting, featuring modern amenities such as ceiling fans, tiled bathrooms, and updated appliances. The property generates $5,602.17 per month and $67,226.04 annually. Tenants handle their own electricity costs. Parking is convenient with ample street parking available. The property benefits from close proximity to public transportation, amenities, and major roadways, enhancing accessibility for both residents and businesses. The property has a Walk Score of 82, indicating that most daily tasks can be completed on foot. The Transit Score of 70 reflects good access to public transportation, while a Bike Score of 88 shows the area's strong biking infrastructure. Nearby dining options include Aku's Kitchen, Liberty Halal Gyro, and Yock's Sandwich-Ville USA. Families will appreciate the proximity to schools such as Barry Community John School, Sanctuary Christian Academy, and William L Sayre Middle School. For groceries, residents can shop at Market at University Square, African Expressions, and The Fresh Grocer. Outdoor enthusiasts will enjoy nearby parks like Haddington Park, Haddington Recreation Center, and Cobbs Creek. Don't miss this opportunity to invest in a thriving location. Schedule a viewing today and explore the potential of this remarkable property at Market and 59th St.
| DAYS ON MARKET | 155 | LAST UPDATED | 6/14/2024 |
|---|---|---|---|
| TRACT | HADDINGTON | YEAR BUILT | 1915 |
| COMMUNITY | 19139 (19139) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jun 14, '24 | $575,000 |
|---|---|
| Jun 14, '24 - Today | $549,000 |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19139 (19139) |
| HEAT | Baseboard, Electric |
| LOT | 1307 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 16.00 x 84.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | HADDINGTON |
| TAXES | 1872 |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Street |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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