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Prime Investment Opportunity: Mixed-Use Property Just Blocks from Major Development 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.
| DAYS ON MARKET | 9 | LAST UPDATED | 9/11/2024 |
|---|---|---|---|
| YEAR BUILT | 1925 | COMMUNITY | 19131 (19131) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | 19131 (19131) |
| HEAT | Baseboard |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 17.00 x 77.00 |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 1605 |
| WATER | Public |
| ZONING | 2 residential 1 bedroom units over 1 commercial unit |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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