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A rare opportunity to own a mixed-use building on one of the most desirable commercial corridors in Southwest Philadelphia. This exceptional property features two commercial spaces on the first floor and four apartments above. The second floor hosts two apartments, and the third floor has two additional apartments, each consisting of two bedrooms and one bathroom. One of the third-floor apartments has access to the roof, offering the potential to build a rooftop deck. The basement, accessed via a side entrance, houses the heaters for all units. All utilities are separated except for water. Most units have been recently updated. The front commercial unit rents for $1,400 per month, the rear commercial unit for $900 per month, and the apartments each rent for $800 per month. Currently, one apartment unit is vacant. The current rents are below the average for the area, providing the new owner with an opportunity to increase cash flow and property value by adjusting the units to market rent. This property is priced to sell. Don't miss out on this incredible opportunity!
| DAYS ON MARKET | 167 | LAST UPDATED | 8/6/2024 |
|---|---|---|---|
| YEAR BUILT | 1915 | COMMUNITY | 19142 (19142) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jul 12, '24 | $575,000 |
|---|---|
| Jul 12, '24 - Aug 6, '24 | $550,000 |
| Aug 6, '24 - Today | $525,000 |
| ADDITIONAL DETAILS | |
| AREA | 19142 (19142) |
|---|---|
| HEAT | Hot Water, Natural Gas |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 23.00 x 100.00 |
| TAXES | 4567 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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