Average square foot calculated using Size range provided by listing agent.
Description
Turnkey multifamily investment opportunity in West Philadelphia: corner mixed-use building with 5 residential units plus 1 commercial space, fully-occupied with an in-place 8.6% cap rate! Fully-renovated in 2022. Located at the intersection of 59th Street and Market Street, just 1 block from the 60th Street stop on the MFL, this well-maintained asset provides both immediate cash-flow and future upside as the surrounding neighborhood continues it's growth trajectory. Comprised of six total units: one commercial space, two studios, two one-bedroom apartments, and one two-bedroom apartments. Generating $5, 877 per month in rents ($70, 524 annually). Local amenities include: Cobbs Creek Golf Course: "an industry leading restoration project that includes a multitude of golf and community amenities"; Restaurants: Aku's Kitchen, Liberty Halal Gyro, Yock's Sandwich-Ville USA; Schools: Barry Community John School, Sanctuary Christian Academy, William L Sayre Middle School; Grocery Stores: Market at University Square, African Expressions, The Fresh Grocer; Parks & Rec: Haddington Park, Haddington Recreation Center, Cobbs Creek. Offering memorandum available upon request. See virtual tour link for videos of interior.Show Description
MLS® NumberPAPH2526902
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1915
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatBaseboard - Electric, Electric
A/CCeiling Fan(s), Electric
Heating Fuel
Extras
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