Introducing an ðamazingð investment opportunity in the â¤ï¸heartâ¤ï¸ of Philadelphia! This 12-unit property, located at 1701-3 N 20th St, offers an attractive ð°cap rate of approximately 6.39% based on its purchase price of $1.6 million. ð¡ð¢ ð¢ Property Highlights ð¢ ð¡ Mix of 1-2 and 4 bedroom units ð Potential for increased rental income ð Fantastic cash flow opportunity ðï¸ Proximity to top universities and public transportation ð° Financials ð° With this purchase price, the property offers an annual income of approximately ðµ$136,392ðµ with total expenses of ð¼$34,098ð¼. This results in a net operating income of around ð²$102,294ð² per year, contributing to the appealing cap rate. ð Unlock the Potential ð While the property needs some cosmetic upgrades and minor repairs, it is still a fantastic investment opportunity with enormous potential. ðï¸â¨ By investing in these upgrades, you can transform this property into a highly desirable rental for tenants. ð Fully Occupied Potential ð If fully occupied, the gross rental income could reach ð²$174,288ð² with the expenses at roughly ð¼$43,572ð¼. This suggests a potential net operating income of around ð°$130,716ð° per year. which would put this property at a 8.17 % Cap rate at a 1.6 M purchase price. ð Location, Location, Location ð Located in a vibrant and bustling area of Philadelphia, tenants will have plenty of nearby shopping ð, grocery options ð, and other amenities ð¬ to choose from. The area is home to several supermarkets ð, including Aldi and H Mart, and boasts a wide range of restaurants ð, cafes â, and bars ð¸. There are also several parks ð³ and green spaces ð¿ nearby for outdoor activities ð. ð Perfect for Students and Young Professionals ð The property's proximity to top universities, including Temple University ð and Drexel University ð, and its easy access to public transportation ð make it an ideal choice for students ð and young professionals ð¼. The neighborhood is a lively and bustling area of the city, offering something for everyone. ð If you're looking for a property with enormous potential that offers strong cash flow and room for growth, this is an excellent choice. ð Contact me today to schedule a viewing and see the potential for yourself! ðð¡ð°
Introducing an exceptional commercial property package on Ogontz Avenue, perfect for diverse business needs across three distinct properties. Previously Keystone diagnostics and MRI, this is perfect for a medical office or retail space. This can be packaged with the properties across the street at 7618-24 Ogontz Ave.
Introducing an exceptional commercial property package on Ogontz Avenue, perfect for diverse business needs across three distinct properties. This property features a commercial ground floor with an apartment above. The commercial space is leased for $1,500/month and is a salon. This can be packaged with the properties directly next door at 7620-24 Ogontz Ave and the property across the street at 7625 Ogontz Ave.
Introducing an exceptional commercial property package on Ogontz Avenue, perfect for diverse business needs across three distinct properties, with 4 separate residential units above the commercial spaces.. At 7620 Ogontz Ave, there is a ground floor commercial space that is a good setup for office space or you can combine with the commercial space next door. At 7622 Ogontz Ave, previously leased to multiple physicians and a diagnostic radiology facility, this multi room space needs work, but has plenty of square footage to turn back into a medical space or use as some sort of other retail space. At 7624 Ogontz Ave, once a bustling pharmacy, this unit offers a large waiting room, office space, and a bathroom, with a flexible layout suitable for numerous business types, from retail to professional services. All units need TLC. This property can also be sold with the next door property at 7618 Ogontz Ave along with the property across the street at 7625 Ogontz Ave.
2981 Memphis St., Philadelphia PA 19134 is a mix-use commercial property legally zone for a two unit building. The first floor commercial unit of this building is being rent to a small convenience store that is still operating and currently rented for $2000 a month. Their lease is up next year with no option to renew. The second floor features a three bedroom, one bathroom apartment with force air heating and central air. A lease is currently not in place for second floor unit. Asking price is $385000 property is being sold in as-is condition. Seller is motivated.
This is a great property for someone that wants to own a business on the first floor and live on the second! The first floor is accessible at street level and operated a convenience store that includes two refrigerators, surveillance system with TVs, a glass case and more. There is also a half bath behind the store. The basement is finished with a half bath and can be used for any variety of functions including storage. There is a 2/3BR apartment upstairs, with a separate entrance. There you'll find spacious bedrooms, a full eat in kitchen and full bath. New roof in 2023. Furnace is 4yrs old. Oil tank is new. Second floor is heated by baseboard electric but you can reconnect the oil heat to it easily. First floor is oil heat. Both units have separate electric meters. The location is great as it sits on a corner and has foot traffic from the community. It's being sold as-is.
This is great property for investment1 story building lease to day care. month to month lease, can stay or move. There's easy access to public transit. 5 mins away to supermarket. It's being sold as-is. Schedule your showing today!
Come And Look At This 70,000 sq feet Gem in Northern Liberty That sits on an entire city block. Consist of 27 Commercial Garages with Powder Rooms In Each and Large Spacey Areas Throughout 2nd Floor Area Used Previously as a Boxing Gym That Mike Tyson Visited in The Past to Train. 15-25 Car Parking Space. So much Potential Space This Building Has. Set Up Your Appointment To View This Building Today. Prime Location With Plenty of Prime Space. **CALL FOR PRICE**
LIVE THE DREAM!!! Own and operate your own business from the first floor or continue to build your real estate investment empire with a commercial space on the first floor and 2 two bedroom apartments providing additional income, upstairs. Each unit currently rents for $1200 per month. Each unit runs on electric heating and meters are separated. On this major West Philadelphia thoroughfare of Lansdowne avenue, the 10 trolley provides public transportation to Center City. This is a commercial corridor with bustling foot and vehicle traffic. The commercial space is a modern, blank canvas with air conditioning and heating provided by wall mounted mini-splits. Each of the two bedroom units have been updated and are tenant occupied, and it is easy to imagine small cosmetic upgrades, which could add value and increase rents. This is an excellent opportunity for the savvy investor, or operator occupant.
CALLING INVESTORS, BUILDERS AND DEVELOPERS! RESIDENTIAL OR COMMERCIAL. 16 garages FOR SALE! Perfect for income opportunity to collect rents from 16 storage units OR tear down and develop. Property has both residential and commercial use. Lot is approved to build 2 duplexes (4 units total) if new buyer wishes to demolish garages and build new in an area with a lot of renovation in immediate area as part of the Tacony Community Development Program. Collect $4,000-5,000/month in passive income or develop and resell for a profit. Make your offer today!
Discover an exceptional investment opportunity located in the heart of the Allegheny West neighborhood. This corner duplex presents an attractive option for investors and buyers seeking rental income or multi-family living. The prominent corner location enhances visibility and curb appeal, making it a standout property in the area. The first-floor unit features 2 bedrooms, 1 bathroom, a kitchen, and a living area, with a history of renting for $800 per month. The second-floor unit includes 3 bedrooms, 1 bathroom, and was previously rented for $950 per month. Both units have separate entrances, ensuring privacy and convenience for tenants. Additionally, the property boasts a finished basement, offering extra storage or recreational space. This property is ideal for someone looking for a fixer-upper, providing the option to live in one unit while renting out the other to reduce living expenses and build equity. Alternatively, itâs a great opportunity for investors looking to expand their rental portfolio. Zoned as CMX-1, the property also offers the possibility of operating a business on the first floor while renting out the second floor, further enhancing its versatility and potential. Experience the vibrant lifestyle of Allegheny West with a variety of nearby dining options, including Boos' Double Down Lounge, Favor's, Good Garden Restaurant, and Allegheny West Restaurant. Families will appreciate the proximity to educational institutions such as Thomas M Pierce School, Rhodes E Washington School, Mercy Career & Technical High School, and New Harvest Christian Academy. For grocery needs, Pacific Fish & Produce, Yaindhi Grocery Best Hoagies, and Philly Foodworks are conveniently located nearby. Commuting is convenient with the Allegheny stop on the Manayunk/Norristown Line only 10 minutes away, providing quick access to the city. Nature enthusiasts will enjoy nearby parks, including the historic Connie Mack Stadium, scenic Reyburn Park, and tranquil Fernhill Park. This property offers a perfect balance of convenience, community, and comfort. With a total monthly rental income potential of $1,750, this property presents a solid investment. Its proximity to public transportation, schools, parks, shopping centers, and dining options enhances its appeal. Donât miss out on this prime investment opportunity. Contact us today for more information or to schedule a viewing. Please note, the buyer will be responsible for obtaining the Use and Occupancy (U&O) permit.
FOR SALE OR FOR RENT...... self storage facility everything is new new roof, new electric service, new LED lights, and new garage doors. each unit have one LED light fixture and one outlet this gated storage facility has total of 40 units different sizes total land area over 20,000 sq ft motivated seller
Black Horse Alley is a boutique condominium community of only twenty-five uniquely appointed units. This residential conversion of a historic building is nestled on a quiet side-street just off the hustle and bustle of Old Cityâs Pennâs Landing and Market Streets. Just steps from cafes, coffee shops, renown restaurants, art galleries, boutiques and museums. Conveniently located close to public transit with easy access to I-95, Ben Franklin Bridge & Philadelphia Airport. The modern, secure lobby provides elevator access directly to the roof deck. Unit 103, a ground floor loft, boast exceptionally high ceilings and oversized windows inviting natural light. Original architectural details pair beautifully with top-of-the-line stainless steel appliances, granite countertops and hardwood floors. All units have access to the common roof deck allowing residents and guest exception views of historic Old City and the Philly skyline.
This is a very solid investment property with a long term tenant a pizza joint which is there and will be there if needed paying good rental and also the upstairs is a long term renter. The owner is getting and just want to retire.
Attention Developers! Seller is willing to sell 1814 and 1820 as separately deeded parcels or as a package, Current listing price is for both parcels! Welcome to 1814 & 1820 E. Russell Street, former home of Abaco Platers. Up for your consideration is 2 separately deeded parcels with a combined footprint of approx. 4,556 sq. ft. and a total combined interior square footage of approx. 7,800+/- over two floors per included survey. Conveniently located just footsteps from the Septa El and surrounded by trendy residential conversions in every direction! Currently zoned RSA5. Both buildings have their own entry doors and stairs leading to 2nd floors, there are openings between buildings on both floors that could be closed off. 1814 is an approx. 36ft.x67ft. irregular shaped 2 story warehouse (see attached building survey for dimensions) featuring an 8x10 overhead door on the 1st floor and another large loading door on the second floor with an extended steel beam that allows for a winch to be used for 2nd floor loading. There is also a door leading to the roof on the 2nd floor that would be a great location for a roof deck overlooking the Philly skyline! 1820 is an approx. 32ft.x67ft. irregular shaped, partial 2 story warehouse (see attached building survey for dimensions) with a large 12ft.x10ft. overhead door. There is a large office on the 2nd floor with private bathroom, and 2 more bathrooms on the 1st floor, one in the front under the 2nd. floor steps, and another bathroom/locker room at the back of the building leading to a to a small yard. There are many possibilities for these 2 parcels! Turn into a Artisan Co-Op or Residential conversion? Studio apartments? Work space? You decide! Please see attached survey that includes both new OPA numbers and current measurements of each parcel. This sale is for both parcels but can be sold separately. Seller will be removing his personal items and anything and everything left behind will be the responsibility of the new owner to remove or dispose of. Owner requires proof of funds for all showings including agents.
Incredible investment opportunity in the Norris Square neighborhood, located directly in the path of developement along N 2nd St. and just two blocks from Fishtown. This neighborhood is the next to take off with a thriving community, proximity to Norris Square park (a public park larger then Rittenhouse Square) and a block from the American Ave coridor that is receiving millions in funding for street scape impovemenst and large scale development projects. This 3 story warehouse has concrete flooring on the first floor and wood flooring and timber beems on the upper floors. Abutting three streets including Palthorp, Norris and 2nd street, it has the option for off street parking accessed from Norris with an extra large roll up garage door with a possible 8 car parking. With the CMX2 zoning you can built up to 5 floors with a total of 36 residential units and commerical with the added green roof and affordable unit bonus, or renovate the building and create true loft units for a possible 21 residential units plus commerical. The zoning alos allows for a multitude of business ideas or use for storage.
**CONSTRUCTION SITE** hold harmless waiver sent with lockbox info - Mixed use commercial space with apartments above. sold as-is where is with no warranties made by owner. Perfect for small business owner with extra income from apartments. Or investor looking to make passive income.
Nestled in the heart of Squirrel Hill, this triplex presents a compelling investment opportunity in one of Philadelphiaâs most in-demand neighborhoods. Boasting full occupancy and managed by the same landlords for decades, this property offers a stable income stream with exponential room for growth. Currently rented below market value, savvy investors can capitalize on this opportunity by increasing rental rates through simple renovations and updates. The proximity to universities and hospitals (UPenn, St Joeâs, Drexel, Penn Medicine and CHOP) ensures a steady demand for rental units, enhancing the property's attractiveness to tenants and investors alike. This property is also blocks from Clark Park, various award-winning restaurants, with easy access to various public transit lines and major highways. With its well-maintained history and desirable location, this triplex in Squirrel Hill is poised to deliver both immediate returns and long-term appreciation in value, making it an ideal addition to any investment portfolio. This could be purchased together with 4714 Woodland Ave â and better yet, with the right terms the sellers would consider seller financing. Rent roll and video tours available upon request â can be purchased with 4714 Woodland Ave.
Prime Mixed-Use Commercial Building on Passyunk Ave Discover the limitless potential in this exceptional mixed-use commercial building located on the highly sought-after Passyunk Ave. Currently offering two floors of versatile commercial space, this property presents a rare opportunity for various business ventures. Features: First Floor. Ideal for retail, restaurant, or boutique studios and schools. Second Floor: Currently operates as a banquet facility, perfect for events, workshops, or continued banquet use, catering company. Previously housed a beauty school, great layout and amenities. Excellent location for a gym facility with ample space and visibility. Located directly on Passyunk Ave, renowned for its vibrant community and thriving businesses. Convenient access to public transportation on Broad Street, ensuring high foot traffic. It is surrounded by cafes, restaurants, and retail. Investment Potential: Ideal for the savvy investor looking to add to their portfolio. Opportunity to develop into an apartment building, leveraging the area's high demand for residential units. Enjoy the bustling Passyunk Ave scene and contribute to its dynamic growth. Embrace the opportunity to own a versatile commercial property in a fabulous location with multiple businesses and development possibilities. Whether continuing commercial operations or exploring new ventures, this property promises an unparalleled investment in Philadelphia. Contact us today to schedule a viewing and explore the potential of this unique Passyunk Ave gem.
This up and coming restaurant and sports bar comes with the sale of 5503 Baltimore Avenue. The property has plans for four additional residential apartments. There are two occupied apartments within the property, a one bedroom and a 2 bedroom. The property comes with plans and permits.
1900 S. Christopher Columbus Boulevard, also known as Show & Tell Adult Entertainment Club. This expansive 32,000 square foot building is situated on a 28,796 square foot lot, boasting 124 feet of frontage along the bustling Christopher Columbus Boulevard. The property is zoned I-2, offering versatile usage possibilities, and includes a substantial loading area at the rear with five garage doors, enhancing its functional appeal. This property offers significant potential either as an owner-occupied business or for conversion to suit a variety of commercial purposes. The strategic location, combined with the propertyâs impressive size and flexible zoning, makes it an exceptional opportunity for investors and business owners alike. Explore the possibilities and envision the future of this prime commercial real estate.
This mixed-use building at the bustling corner of Lancaster and Belmont avenues was stylishly renovated from top to bottom less than five years ago and has six years left on the tax abatement. The storefront features a dramatic open space with soaring ceilings, a huge picture window with deep bench seating/display ledge beneath, and cool gray flooring; plus a rear room that serves as a garage and/or, because the garage door fills the area with light, an additional usable space with a kitchenette and half bath. This unit is equally well-suited for retail, office or event space and has exclusive access to the basement for additional storage. Above it there are two apartments, both with the same sleek and stylish finishes tenants will love: super high ceilings, white exposed brick walls with blond bamboo floors, bathrooms with floating vanities and handsome tile selections, crisp white kitchens with stainless steel appliancesâplus in-unit laundry and zoned HVAC via mini splits. The front unit is a large studio with a row of three oversize windows; the rear unit is a two bed/two bath with open concept living/dining/kitchen and an en-suite primary. Take full advantage of this prime spot in a Qualified Opportunity Zone on the Lancaster Ave commercial corridor, as evidenced by the permits recently issued for a 49-unit mixed-use project one block down at 4328 Lancaster Ave. This location is near Drexel, convenient to SEPTA and I76, and also on the fringe of large-scale developments along University Cityâs innovation corridor.
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