Twitter
Facebook
Email
|
***HUGE Price Reduction for a quick Sale!*** Introducing an exceptional investment opportunity: a roughly 5,000-square-foot warehouse for sale, just a block off Lancaster Ave and situated in a Qualified Opportunity Zone (QOZ)! This property is currently configured into eight spacious garage units, each rented out individually. With tall overhead doors and impressive high ceilings, these large units offer plenty of room for a variety of uses. Presently, all units are leased on a month-to-month basis at significantly below-market rates. Current market rents hover around $700-800 per unit, translating to an impressive potential income of $67,200-76,800 per year! Seize this amazing chance to elevate your investment strategy"”either increase rents for immediate cash flow or vacate the building for your personal use, or mix and match both approaches! But that's not all"”you're also land banking a prime parcel in an up-and-coming neighborhood. With a new construction apartment complex already underway just two blocks away and a proposed 25-unit apartment building directly across the street, the growth potential for this area is undeniable. Don't miss out on this fantastic opportunity to invest in a property with both immediate returns and long-term value!
| DAYS ON MARKET | 47 | LAST UPDATED | 12/19/2024 |
|---|---|---|---|
| YEAR BUILT | 1925 | COMMUNITY | 19131 (19131) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Dec 19, '24 | $550,000 |
|---|---|
| Dec 19, '24 - Today | $490,000 |
| ADDITIONAL DETAILS | |
| AREA | 19131 (19131) |
|---|---|
| HEAT | Baseboard, Electric |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 89.00 x 111.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 2017 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Real of Pennsylvania
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2024.