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Key Details
Sold Price $250,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $183
Subdivision Oak Lane
MLS Listing ID PAPH2173726
Sold Date 02/03/23
Originating Board BRIGHT
Year Built 1895
Annual Tax Amount $2,669
Tax Year 2023
Lot Size 4,015 Sqft
Acres 0.09
Lot Dimensions 19.00 x 74.00
Property Description
This is a cash cow. Commercial unit is rented by a religious organization for 1100, Upper level 2-bedroom unit is rented for 850 by long term tenant. Lower level 2-bedroom unit is rented at 1100. The heating system in the upstairs unit was recently updated. This property accumulates over 3000 in income. Low maintenance income producing property. This property generates 29,646 in net income. Operating expense of 10% (sellers expense is lower). CAP RATE OVER 10%. The garage can also be rented for additional profit. SHOWING FRIDAY NOVEMBER 18th at 10 am.
Location
State PA
County Philadelphia
Area 19138 (19138)
Zoning CMX1
Interior
Hot Water Natural Gas, Electric
Heating Radiator, Baseboard - Electric
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 171341700
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Victor Adeola King • BHHS Fox & Roach-Jenkintown