Remarks

Discover the ultimate investment opportunity with this outstanding mixed-use property, perfectly poised to capitalize on both commercial and residential potential. On the ground floor, a commercial space currently houses a deli and storefront which comes with a well-equipped kitchen and ample storage. This unit is secured with a solid lease agreement, offering six years of guaranteed income within a ten-year lease term at $1900/mo (triple net lease). Unit One: This expansive apartment features 2 bedrooms and 1 bathroom spread over 1150 square feet, currently rented at $1200/mo through April. Hardwood floors and in-unit laundry ensure comfort and convenience in this apartment. Unit Two offers 2 bedrooms and 2 bathrooms across 1100 square feet, including hardwood floors, granite countertops, and in-unit laundry. This unit is currently rented at $1200/mo through July 2024. Strategically positioned, this property enjoys close proximity to City Hall, enhancing its visibility, accessibility, and increased income potential. Moreover, with convenient access to the Broad Street Line and I-95, major bridges, and highways, commuting is a breeze. The neighborhood boasts an array of amenities, including pharmacies and grocery stores, all within easy walking distance. Seize the opportunity to secure steady rental income and luxurious living spaces in one of the city's most sought-after areas near Temple's Sports Complex. Schedule your showing today and unlock the potential of this exceptional property!

Details

MLS#: PAPH2325634
Price: $750,000

Year Built: 1920

County: PHILADELPHIA
Subdivision: Philadelphia
Tax Fee: 6023.0