Great mixed-use property in University City! One commercial store and 4 modern studio apartments! All separate utilities except cold water/sewer. Owner pays cold water/sewer for the building. The first floor store is currently a hair salon and leased month-to-month. All electric in this unit. Rent is $800/mo plus $100/mo for water. In the common hallway to the apartments, there is a shared laundry room with coin-operated W/D. The four apartments are modern studio apartments with all separate gas and electric and self-contained. Each unit has its own Central Air and Heat in unit. Separate hot water tanks per unit in the basement. They are all upgraded with hardwood floors and updated baths/kitchens. The 1st floor rear has access to the yard. Unit 1R is leased through Dec 2023 and pays $950/mo. Unit 2F is leased through July 2023 at $900/mo. Unit 2R is leased through April 2023 at $925/mo. Unit 3 is month-to-month and $950/mo. Basement is off limits to the tenants. Only accessible through the bilco doors on the front sidewalk. Excellent investment opportunity! Turn key! Come see this! Make your appointment today!
After fifty years of ownership, this very successful business at this very coveted location is ready for new ownership. Owners are selling because fifty years was enough. This business has served this community for half a century but still has plenty of life left. Sale includes all FF&E plus tenancy of existing units with room for added value. Also, this asset is located one block from the new Cobbs Creek Golf Course & Education center development.
JUST LISTED - 21,000 SF of land zoned CMX2 just off Broad Street in Allegheny West, Philadelphia. This corner lot is the perfect opportunity for any savvy investor to knock down the existing structure and build anew. Reach out to Broker or Co-Broker for more information.
Sellers say to make an offer. This property was a hair salon before and converted into a family-owned laundromat in 1996. On the first floor, you will find a cashier room, a change machine, washers (7), and dryers (14) in the back. On the second floor, you will find two clean red carpet bedrooms apartment. The kitchen has an eat-in area. It is unoccupied. All utilities are located in the basement. The heater and fire alarm system were newly installed in 2021 and the water heater in 2019. The roof is being recoated every three years. This Sale includes the building and business. It is located on a busy avenue surrounded by other local businesses, such as pharmacies, grocery shops, and restaurants, and Very close to Port Richmond, Fish Town, and Central Philly. It is within walking distance of the Frankford Train, and Septa buses. This PA realtor is related to the sellers.
This bar/restaurant has a 5 year lease with a good paying tenant, also 2 apartments and a private parking lot. The City of Philadelphia pays $650 dollars a month to rent it. This sale includes 2795-97 Kirkbride Street. rents are 700 for 1 bedrm and 1600 for 5 bedrm
Introducing Mount Airy Mews: a private community of 19 new construction rental homes in the coveted Mount Airy section of Northwest Philadelphia. Each home is optimally designed with 1-car garage, 3bd x 3ba layout, finished basement, rooftop terrace and grass rear yard. The location is walkable to historic Germantown Avenue's plentiful amenities, shops, restaurants and cafes. The demand for high quality housing in Mount Airy is surging, with virtually no new construction townhomes available to rent or buy. Build-for-rent single family housing is the fastest growing asset class in the USA for 2022. Limited opportunities exist to acquire trophy, suburban styled new construction residential communities in Philadelphia. Full 10 year tax abatement. Enquire within for pro forma financials. Property to be sold upon completion in 2024. Easy access into Downtown Philly and University City and major suburban employment districts in Greater Philadelphia, as well as parks and popular outdoor amenities.
Welcome to 1629 Locust Street, a once-in-a-generation opportunity to acquire an architectural masterpiece by Horace Trumbauer. Built in 1902, Mr. Trumbauer masterfully designed this five-story townhouse for a sugar baron Edward C. Knight. This property is one of the few remaining contributions of Mr. Trumbauer to the architectural history of Philadelphia. In the exterior façade, Mr. Trumbauer incorporated bold design elements of 18th Century French architecture, such as wrought iron gates created by Samuel Yellin on the front door, windows and balconies. The interior of the Knight Residence is truly exquisite with the most prominent design feature being the elliptical Carrara marble staircase with an elegant iron railing that rises four stories to an oeil-de-boeuf skylight. The second floor is comprised of two Louis XV style salon rooms, which currently serve as meeting rooms. These rooms feature elaborate bronze mounts with arched windows and molded plaster rondels. The third and fourth floors are also elegantly designed in Louis XVI style. The fifth floor, which previously served as the butler's room, is connected to the fourth floor by an interior spiral wooden staircase. With generous CMX-3 zoning, this property provides a blank canvas for occupancy and redevelopment by either an investor or occupant. The location on beautiful tree-lined Locust Street is reminiscent of the opulence and elegance of old-world Philadelphia.
Commercial 4 Stories Zoned CMX3, Description: Intended to accommodate community- and region-serving mixed use development, including retail and service uses. Garage Doors in the rear and indoor parking spaces. The building is situated from street to street, N Broad St to W Thompson St, Equipped with an Elevator to all 4 floors, Temple Sports Complex (TSC) Temple University Howard Field, Few Blocks from Temple University Campus. Perfect to develop for Temple University Students, Retail & Offices, or Residential Units. The potential is open to your imagination, Investment opportunity for the right minded investor/ developer. Property sold in "As Is" condition. Buyers are responsible for City Certification.
Fantastic investment opportunity on a 20x110 corner lot in University City. Bounded by Chestnut St, 45th St. & Ionic St. this 1-story structure is currently leased to a Dominos Pizza. Zoned CMX-2, this huge property and lot gives you the opportunity to continue collecting great rent as you plan to maximize the parcel in the future. Do not miss your chance to acquire a rarely available 20x110 lot in the heart of University City!
Value add 6 unit with under performing rents.â Average rents in the area are $775 - 1 beds and $1200 for 2 beds.â Building is operating as non-conforming use, legal 4 unit with 6 units layout.â Seller can deliver vacant closing.â Gross rent for average area should be $4900.
Calling all contractors you can expand the garage foot print and keep garage for your business or you build on top and have off street parking
Bi-Level store front available for a business on this high preforming corridor. Tenant paying $1725 NNN. Basement is egressed and vented. Lots of development occurring on that block so there will be a high demand for quality commercial spaces! The unit has 4+ years left on the abatement. The space has a rear yard concrete area.
MULTIFAMILY INVESTOR ALERT: Solid Mixed-Use 3,627 SF FivePlex Investment Opportunity offering substantial value-added space. Zoning CMX1. This property is composed of a 24â x 112' or 2,744 SF lot that contains two brick buildings: a two-story main building 21.7'x64', and a nicely proportioned one-story building facing Lawrence St. This building is an undeveloped vacant masonry shell constructed slab on grade 24â x 40'. The main building contains one commercial space, plus three modest-sized apartments. Separate heat, hot water, gas, and electric. Furthermore, a side-set on the main building permits windows on all four sides. The vacant accessory building offers an opportunity to add a fourth large apartment or, consider adding a second level to make the property a legal six-plex, by right. The owners purchased this property 15+ years ago. They have enjoyed 100% occupancy as a steady-reliable source of income. The occupants are responsible long-term tenants. The commercial unit is under lease at $1,300/M until 08/01/2024. The two-bedroom unit on the second floor is under lease at $800/M until 02/01/2024. All tenants prefer to stay. As a courtesy to the Buyer, the owners temporarily have not renewed the other two residential leases and are holding them on a month-month basis to give the Buyer more control and a free hand to plan and carry out their upgrades and use of the property. Residential tenants are month-month with below-market rent which has been the same for ten years. There have been no structural or mechanical concerns throughout the sellers' ownership. Dry basement, a dry roof, and good bones. Handsome commanding presence, with modest curb appeal. The market-rate financial metrics demonstrate that this offering is a solid investment opportunity for a new owner who upgrades the residential apartments to keep pace with recent lifestyle preferences and builds out the ground level of the accessory building. Market Rate Proforma Financial Metrics: GPI: $66,600, Vacancy 5%, NNN $1,832 Additional Income, GAI TTL $64,202, EXPENSES: 19.3%, NOI $51,802, CAP 10.04%. A leveraged project investment of 25% or $128.951 for a 75% LTV mortgage that includes both acquisition and construction costs yields an annual 15% cash-cash ROI with a DSCR of 1.60. Ask to see the complete Financial Worksheet. Gobble up this workhorse opportunity and grow your real estate portfolio with this solid product. Review the photos, plan view, property details, financial metrics, and give us a call. Feel free to contact us with any questions or your expression of interest. Motivated Seller. Strong opportunity to grow. Go For It!.
Fantastic location near Temple University. The building is currently six units but lends itself to several different options to rehab the building. One option is rehab each floor into a large condo unit or keep it as 6 units and rehab each unit into modern student housing. Owner pays gas heat and cold/hot water, tenants pay electric.
Commercial Store Front 4 total Units with 3 Residential Units & 1 Commercial Storefront, fully functional restaurant with all the equipment to operate, Turn Key with some TLC. Centrally located and steps away from the Somerset "L" Train Station. This Building has amazing potential for the right investor. Seller may consider Seller Financing with a large down payment, terms to be negotiated. Seller will consider Seller Financing with large down payment.
Evergreen Place - A " Boutique Condominium" At the Top of the Hill 1 commercial and 8 residential very unique new construction residences. Run your business in a maintenance-free lifestyle in the heart of vibrant Chestnut Hill, Plenty of parking outside your door plus 1 owners parking space. Join the most vibrant shopping district in Philadelphia , a true destination location. Elevator serviced lower level. Residences in this building are 2-3 bedrooms and are priced up to $1,499,,000 Other features include high end Kolbe Windows,on site parking, tax abatement, all in a pet friendly building with security system. This is a B-use space which permits business uses such as office , professional, service , retail and limited restaurant ( no ovens permitted ) Association fee projected to be $744 per month. Put your reservation deposit in today! Early summer2024 possession! Owner is a Pa licensed Real Estate broker
This is a two story commercial building with a residential unit on the second floor, one bedroom and one bath with an attic, needs total rehab. The entrance to the second floor is on the Penn St. side and the entrance to the commercial unit is on Oxford St. In need of some TLC being sold for cash "as is"
LOWERED PRICE AGAIN BECAUSE THE PREVIOUS BUYER'S PRICE . The tenant has been running a Caribbean restaurant for years . The tenant still has 8 years Lease left , The tenant pays all utilities and property tax and property insurance and the business insurance too , the monthly rent is $1,500.00 now , The rent is subject increase Well renovated , looks really nice , The public parking lot is near this property , Please don't call the tenant .
3 units first floor day care all brand new space long lease,2nd and 3rd floor 2 bedrm units all redone leases are good for 10 more months gross rents total 4200 a month 51 k a year
For sale , 3615 Germantown avenue lot. All Philadelphia City violations have been settled. Keep in mind- there are two parcels of land , but the 2 nd , 3617 Germantown av., is not owned but the seller of 3615 Germantown av.
Apartment building offering (5) units and gross monthly income of $5,700! Unit 1 is 1BR/1BA and rented for $1,000 per month; Unit 2 is 2BR/1BA and rented for $1,200 per month; Unit 3 is 1BR/1BA and rented for $1,000 per month; Unit 4 is 2BR/1BA and rented for $1,300 per month; Unit 5 is 2BR/1BA and rented for $1,200 per month. All units have a washer and dryer. Landlord pays water, sewer and trash. Property has a 10-year tax abatement!!
Unique 17,412 SF property located right on Germantown Avenue in Mt Airy section. Building comprises 13,462 SF and can be used for a shop and warehouse or any large space use. Potential development property as well for mixed use. A must see opportunity in an area of the City that is bursting with development in all directions.
Take advantage of this great opportunity to invest in almost 1.3 acres of I2 zoned space. Has your business outgrown your current location? Are you looking to expand or start a new venture? I2 zoning gives you a multitude of business options including Multifamily; Passive Recreation; Safety Services; Transit Station; Basic Utilities and Services; Major Utilities and Services; Wireless Service Facility; Business and Professional Offices; Group Medical, Dental, Health Practitioner; Building Supplies and Equipment; Animal Services; Business Services; Business Support; Financial Services; Maintenance and Repair of Consumer Goods; Non-Accessory Parking; Radio, Television, and Recording Services; Commercial Vehicle Repair and Maintenance; Commercial Vehicle Sales and Rental; Personal Vehicle Repair and Maintenance; Personal Vehicle Sales and Rental, Vehicle Fueling Station; Vehicle Paint Finishing Shop; Equipment and Material Storage Yards and Buildings; Moving and Storage Facilities; Warehouse; Wholesale Sales Distribution; Distributor of Malt or Brewed Beverages; Artist Studios and Artisan Industrial; Limited Industrial; General Industrial; Research and Development; Trucking and Transportation Terminals; Community Garden; Market or Community -Supported Farm; Animal Husbandry; Horticulture Nurseries and Greenhouses. If you don't want to fight with the city over variances and rezoning, this property has everything you're looking for. Schedule your appointment today.
