1016 COTTMAN AVE, Philadelphia, PA 19111
1016 COTTMAN AVE, Philadelphia, PA 19111
1016 COTTMAN AVE, Philadelphia, PA 19111
1016 COTTMAN AVE, Philadelphia, PA 19111
1016 COTTMAN AVE, Philadelphia, PA 19111
1016 COTTMAN AVE, Philadelphia, PA 19111
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$ 1,680,000
Est. payment | /mo

8,750 Sqft Lot


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$ 1,680,000
Est. payment | /mo
Save

8,750 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Lot Size 8,750 Sqft

MLS Listing ID PAPH2094662

Financing Cash,Other

Style Contemporary

Total Units 3

Short Sale No

Originating MLS BRIGHT

Property Description

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 .

Location

State PA

County Philadelphia

Area 19111 (19111)

Zoning CMX2

Rooms

Basement Front Entrance

Interior

Hot Water Natural Gas

Cooling Central A/C

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Accessibility 32\"+ wide Doors

Parking Type Parking Lot

Building

New Construction N

Lot Dimensions 70.00 x 125.00

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

Schools

School District The School District Of Philadelphia

Others

Tax Amount $6,241

Tax Year 2023

Tax ID 881223990

Ownership Fee Simple

Acceptable Financing Cash, Other

Special Sale Standard

Bright MLS (BMLS)
Listed by Mike Chen • Home Max Realty

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1016 COTTMAN AVE