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!.
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.
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 ) Put your reservation deposit in today! Late summer2024 possession! Owner is a Pa licensed Real Estate broker
Welcome to 1806 Pine Street, presenting an amazing opportunity in Rittenhouse Square. Proudly loved by the same family since 1943. Currently operating in conjunction with 1804 as an executive suite bed & breakfast. Ripe for condo conversion. Featuring six updated units. May be purchased with 1804 Pine St. (MLS# PAPH1026082) The potential here is endless. This is an income producing property that is perfectly located to suit doctors, professors and graduate students who are commuting to CHOP, HUP, Penn and Drexel Steps from the Square, a short stroll to 30th Street Station, Schuylkill River Park, and all of Center City.
Introducing 1804 Pine St- this amazing opportunity is yours! Currently operating as a bed & breakfast loving cared for by the same family since 1943. Revert to a single family home, continue the B&B, or purchase with 1806 Pine ( MLS# PAPH1026148) for additional units. Premier location in the historic beautiful and exclusive Rittenhouse Square neighborhood and a short walk from the best restaurants, museums and theaters in Philadelphia. The possibilities are endless!
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 .
Hard to Find Investment property with steady income as Street Level Hair Salon. So many options with this well-maintained rent-ready unique building in BOOMIN West Oak Lane Philly! The first floor includes a salon business and bathroom. The second floor offers a large two bedroom apartment. The possibilities are endless with this property! The owner has meticulously maintained this property and it is ready for a savvy investor to take control and reap the benefits. Schedule your showing today, this gem will not last!
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.
Mixed Use Property in sought after Queen Village! Fabric Row! 11 years old. 2 Commercial Spaces & 2 Newer 1 Bedroom Apartments. Built from the ground up with Concrete Block. 1st Floor & Basement - Commercial Space with Large Open Floor Plan, Mable Floors, Full Bath & Private yard (would make a nice professional office). 2nd & 3rd Floor - 2 Large, 1 Bedroom Apartments with Hardwood Floors and New Kitchen. All are Self Contained.
Corner, two story building in the heart of Fishtown that can be used as a restaurant, bar or other commercial business. This space boasts many on-trend industrial features including exposed brick walls, pipes and beams. The building has amazing street visibility thanks to two perpendicular walls of oversized windows on the first floor. Additional first floor highlights include a spacious kitchen, powder room and large bar with space for 20+ stools. The second floor boasts a grand serving area, extra bar space and another full half bathroom. Additionally, there is a large basement with excellent storage. Fishtown is one of Philadelphia's most sought-after neighborhoods for restaurants that already includes Tacconelli's, Eatalia, Pizza Brain, Mugshot Diner and Memphis Taproom. Liquor license available for purchase.
Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania has a population of 1,569,657. Philadelphia is less family-centric than the surrounding county with 21.17% of the households containing married families with children. The county average for households married with children is 21.17%.
The median household income in Philadelphia, Pennsylvania is $40,649. The median household income for the surrounding county is $40,649 compared to the national median of $57,652. The median age of people living in Philadelphia is 34.1 years.
The average high temperature in July is 87.5 degrees, with an average low temperature in January of 26.6 degrees. The average rainfall is approximately 46.8 inches per year, with 14.2 inches of snow per year.
