1 of 45
Tools
Size
5
Bedrooms
8,750 Sq Ft.
interior
Financial
$1,680,000
Change Currency
$192
Price Per Sqft
$6,241
Annual taxes
Listing Details
Other
Property type
1950
Year Built
812290
Web Id
2790348-PAPH2094662
MLS ID
937
Days Posted
Description
1016 Cottman Ave,
Philadelphia,
PA
19111
Philadelphia, PA 19111
True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .
Price History
date | price | variance | type |
---|---|---|---|
3/17/2022 | $1,680,000 | - | Listed |
Listing By: Home Max Realty via Data Source: Bright MLS
listing agent: Jie Chen