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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 319,000

Est. payment | -/mo

1,413 Sqft Lot

Save

$ 319,000

Est. payment | -/mo

Save

1,413 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Lot Size 1,413 Sqft

MLS Listing ID PAPH2586074

Financing Cash,Conventional,Negotiable

Total Units 3

Short Sale No

Originating MLS BRIGHT

Property Description

This building is 3 stories with a basement and the first floor is currently occupied by a tenant who is operating Grossly business the store is well decorated and there is a retail unit on the first floor and a two-bedroom apartment on the second floor and a two-bedroom apartment on the third floor, for a total of three units. However, the retail unit on the first floor still has six years left on its lease and is currently paying $1,400 in rent and paying all utilities. The second floor is perfectly furnished. It's currently empty and currently being marketed for $1,000. The third floor has a two-bedroom apartment tenan has been there for over 10 years. They're paying $650 a month, plus all utilities. So, if you rent out the second, first, and third floors, that comes out to $36,000 a year. The landlord's expenses include $2,498 in building taxes and $2,000 in building insurance, for a total of about $4,500. Subtracting those costs, you get $31,500 a year in net rental income. That's about a 10% annual income. The third floor is also very cheap. It could be a good investment.

Location

State PA

County Philadelphia

Area 19140 (19140)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling Window Unit(s)

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Utilities Available Electric Available, Natural Gas Available, Multiple Phone Lines, Sewer Available, Water Available

Waterfront N

Water Access N

Accessibility 2+ Access Exits

Parking Type On Street

Building

New Construction N

Lot Dimensions 18.00 x 79.00

Sewer Public Sewer

Water Public

Schools

School District Philadelphia City

Others

Tax Amount $2,498

Tax Year 2025

Tax ID 871071800

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Negotiable

Special Sale Standard

testyfx76

Listed by Peter Han • PK PROPERTY INC.

3301 N FRONT ST Philadelphia, PA 19140