Philadelphia, PA 19146,2149 CATHARINE ST #1
Philadelphia, PA 19146,2149 CATHARINE ST #1
Philadelphia, PA 19146,2149 CATHARINE ST #1
$380,000
Est. payment /mo
$400,000
5.0%
Est.Price: ?

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3,485 SqFt
SOLD DATE : 05/23/2024

Key Details

Sold Price $380,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 3,485 sqft

Price per Sqft $109

MLS Listing ID PAPH2315608

Sold Date 05/23/24

Originating Board BRIGHT

Year Built 2013

Annual Tax Amount $5,319

Tax Year 2023

Lot Dimensions 16.00 x 60.00

Property Description

2149 Catharine St Unit 1 is a commercial condo space for sale. It is currently occupied by Ultimo Coffee (5 year tenant with 5 more years on the lease). Currently rented for $2350 a month with $600 increases in January annually. Monthly condo fee $177. Building is 12 years old, fully sprinklered. Tenant pays half of the real estate taxes and building insurance. Basement has a high ceiling and has been used for storage. This is a 9% return cap rate at asking price. The real estate taxes are estimated since the property is not sold with the new tax id number. Upper roof was coated with 2 year warranty.

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning CMX-2

Interior

Hot Water 60+ Gallon Tank

Heating Heat Pump(s)

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 88 2 0001 42

Ownership Condominium

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Gregory J Damis • BHHS Fox & Roach-Center City Walnut
Bought with Monique P Simpson • Realty One Group Restore - BlueBell

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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