Turnkey multifamily investment opportunity in West Philadelphia: corner mixed-use building with 5 residential units plus 1 commercial space, fully-occupied with an in-place 9% cap rate! Fully-renovated in 2022. Located at the intersection of 59th Street and Market Street, just 1 block from the 60th Street stop on the MFL, this… Read More well-maintained asset provides both immediate cash-flow and future upside as the surrounding neighborhood continues it's growth trajectory. Comprised of six total units: one commercial space, two studios, two one-bedroom apartments, and one two-bedroom apartments. Generating $5,877 per month in rents ($70,524 annually). Local amenities include: Cobbs Creek Golf Course: an industry leading restoration project that includes a multitude of golf and community amenities; Restaurants: Aku's Kitchen, Liberty Halal Gyro, Yock's Sandwich-Ville USA; Schools: Barry Community John School, Sanctuary Christian Academy, William L Sayre Middle School; Grocery Stores: Market at University Square, African Expressions, The Fresh Grocer; Parks & Rec: Haddington Park, Haddington Recreation Center, Cobbs Creek. Offering memorandum available upon request. See virtual tour link for videos of interior. Read Less
Courtesy of Samantha Miller, Select Commercial Advisors [email protected]
Listing Snapshot
Days Online
12
Last Updated
Property Type
Townhouse
Square Ft.
3,520
Lot Size
0.03 Acres
Year Built
1915
MLS Number
PAPH2526902
30 Days Snapshot Of 19139
$191k
0%
(avg) sold price
19
-9%
homes sold
87
+93%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,520 sqft living area, Built in 1915, Major renovation in 2022, Structure Type: End of Row/Townhouse, 4 units in building, Straight Thru, Traditional, Masonry
Cooling
Electric, Ceiling Fan(s)
Floors
Wood
Foundation
Stone
Heating
Electric, Baseboard - Electric
Lot
1,336 sqft, Lot Size Dimensions: 16.00 x 84.00, 0.03 acres, Corner, Rear Yard
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6, View: City, Street, 2 one-bedroom units, 2 single-room units, 1 two-bedroom unit
Sewer
Public Sewer
Taxes
City/Town Tax: $1,338, City/Town Tax Pymnt Freq: Annually, County Tax Pymnt Freq: Annually, School Tax: $1,703, School Tax Pymnt Freq: Annually, Tax Annual Amount: $3,042, Tax Year: 2025
Utilities
Hot Water: Electric
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