1,804 SqFt
1,804 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,804 sqft
Price per Sqft $207
Lot Size 1,248 Sqft
MLS Listing ID PAPH2445536
Style Dwelling with Rental
Total Units 2
Short Sale No
Originating MLS BRIGHT
Property Description
This commercial real estate opportunity presents a strategically positioned mixed-use building in Northwest Philadelphia's developing market. The property is situated on a high-traffic two-lane arterial road, providing excellent visibility and accessibility for commercial operations.
Property Configuration:
The building is in an excellent condition, comprises a ground-floor commercial space currently operating as a nail salon and a second-floor two-bedroom residential unit. The commercial tenant maintains a lease at $1,350 monthly, while the residential unit generates $975 monthly on a month-to-month arrangement, producing gross annual rental income of $27,900.
Operational Details:
The hair salon equipment conveys with the property, creating an immediate turnkey opportunity for beauty industry operators. Current rental rates are positioned below market value, indicating potential for income optimization through strategic lease restructuring.
Financial Structure:
The property is offered at $375,000 with seller financing available to qualified purchasers. Down payment requirements range from $100,000 to $150,000, providing flexible acquisition terms. Operating expenses are limited to real estate taxes, insurance, and periodic maintenance, creating a streamlined cost structure.
Investment Highlights:
- Prime location on major thoroughfare in appreciating Northwest Philadelphia submarket
- Dual income streams from commercial and residential tenants
- Below-market rental rates offering upside potential
- Turnkey hair salon operation with included equipment
- Seller financing options for qualified buyers
- Low operational overhead with minimal expense requirements
Additional Opportunity:
An adjacent building is available for acquisition under identical terms at $375,000, presenting potential for portfolio expansion or consolidated ownership strategy.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Ceramic Tile, Carpet
Inclusions The Seller owns the Barbershop equipment and includes in the sale price.
Fireplace N
Heat Source Other
1-purchase type For Sale
Exterior
Utilities Available Electric Available, Phone Available, Sewer Available, Water Available
Waterfront N
Water Access N
Roof Type Asphalt
Accessibility Other
Parking Type On Street
Building
New Construction N
Foundation Other
Lot Dimensions 16.00 x 78.00
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade, Below Grade
Schools
School District Philadelphia City
Others
Tax Amount $1,535
Tax Year 2024
Tax ID 871569030
Ownership Fee Simple
SqFt Source 1804
Special Sale Standard
