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Key Details
Sold Price $225,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $74
Subdivision Olney (East)
MLS Listing ID PAPH2293128
Sold Date 06/06/24
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $2,176
Tax Year 2023
Lot Size 1,704 Sqft
Acres 0.04
Lot Dimensions 16.00 x 107.00
Property Description
An exceptional opportunity awaits with this mixed-use commercial property located in the dynamic Olney East neighborhood. This property boasts a prime location and versatile layout, perfect for savvy investors or business owners.
This versatile mixed-use property presents a range of opportunities for the discerning investor. The first floor boasts a spacious commercial area primed for your business ventures, offering flexibility and customization options to meet your specific needs. Currently, it is leased at $1,500 per month, providing an estimated annual income of $18,000.
On the second and third floors, you'll discover two separate apartments, each featuring three bedrooms and one bathroom. These apartments are on month-to-month leases, providing advantageous flexibility for new ownership. Currently, the second and third-floor apartments generate $650 per month each, contributing a combined estimated annual income of $15,600.
All tenants are on a month-to-month lease.
Situated in the dynamic and diverse community of Olney East, this property benefits from a prime location conveniently near N Broad Street, ensuring high visibility and accessibility. The neighborhood's proximity to local amenities, shops, and eateries makes it an exciting investment opportunity within a thriving and promising area. Don't miss the chance to make this mixed-use property a valuable addition to your investment portfolio.
Location
State PA
County Philadelphia
Area 19141 (19141)
Zoning CMX-2.5
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Waterfront N
Water Access N
View Street
Accessibility None
Garage N
Building
Lot Description Rear Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871082600
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA, Other
Listing Terms Cash, Conventional, FHA, VA, Other
Financing Cash,Conventional,FHA,VA,Other
Special Listing Condition Standard
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Bought with Alexander Jerry Jr. • KW Empower