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Terri Repetto

[email protected] +1(484) 949-5440

Listed by Peter Han • PK PROPERTY INC.

$319,000

Est. payment - /mo

1,413 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2586074

Year Built 1935

Annual Tax Amount $2,498

Tax Year 2025

Lot Size 1,413 Sqft

Acres 0.03

Lot Dimensions 18.00 x 79.00

Property Sub-Type Retail

Source 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

Exterior

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

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871071800

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Negotiable

Listing Terms Cash, Conventional, Negotiable

Financing Cash,Conventional,Negotiable

Special Listing Condition Standard

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Nearby School & Business

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Terri Repetto

+1(484) 949-5440

Agent | License ID: RS225481L

Agent License ID: RS225481L

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3301 N FRONT ST Philadelphia, PA 19140

Terri Repetto

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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