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$ 309,000
Est. payment | /mo
1,742 Sqft Lot
$ 309,000
Est. payment | /mo
1,742 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Lot Size 1,742 Sqft
MLS Listing ID PAPH2320258
Subdivision Walnut Hill
Short Sale No
Originating MLS BRIGHT
Property Description
Welcome to your next investment opportunity! This turnkey mixed-use building promises excellent cash flow and minimal overhead, making it an investor's dream. Nestled in the burgeoning Walnut Hill section of Philadelphia, adjacent to the esteemed University of Pennsylvania, this property boasts three units ripe for income generation. Positioned conveniently on Market Street's south side, mere steps from the SEPTA 56th Street EL stop, accessibility is unmatched. Your tenants will relish the swift commute to Penn, Drexel, or downtown Philadelphia, thanks to the nearby elevated train.
The ground floor fronts a versatile commercial space, zoned CMX2 to accommodate various business endeavors. Currently leased at $725 per month, this unit offers immediate returns. Meanwhile, the rear residential unit on the first floor presents a spacious one-bedroom apartment with kitchen, bath, flooring, heater, washer/dryer, and new plumbing. Priced at $1000 per month, its private fenced yard adds an extra allure.
Ascending to the second floor reveals a charming two-bedroom unit, boasting a ceramic-tiled kitchen, pergo flooring, and modern amenities like high-efficiency gas forced air heat and central air. With a rental income of $1100 per month, its enclosed porch could easily transform into a third bedroom, maximizing returns.
To sweeten the deal, the property offers off-street parking for 1–2 cars, potentially yielding an additional $50–$100 per month in rent. Resting on a generous 125-foot deep lot with a convenient rear alley/private driveway, convenience and flexibility abound.
Whether you're eyeing a 1031 exchange, a cash sale, commercial financing, or envisioning yourself as an owner-operator, this offering caters to diverse investment strategies. Don't miss out on this golden opportunity to secure your foothold in Philadelphia's thriving real estate market!
The ground floor fronts a versatile commercial space, zoned CMX2 to accommodate various business endeavors. Currently leased at $725 per month, this unit offers immediate returns. Meanwhile, the rear residential unit on the first floor presents a spacious one-bedroom apartment with kitchen, bath, flooring, heater, washer/dryer, and new plumbing. Priced at $1000 per month, its private fenced yard adds an extra allure.
Ascending to the second floor reveals a charming two-bedroom unit, boasting a ceramic-tiled kitchen, pergo flooring, and modern amenities like high-efficiency gas forced air heat and central air. With a rental income of $1100 per month, its enclosed porch could easily transform into a third bedroom, maximizing returns.
To sweeten the deal, the property offers off-street parking for 1–2 cars, potentially yielding an additional $50–$100 per month in rent. Resting on a generous 125-foot deep lot with a convenient rear alley/private driveway, convenience and flexibility abound.
Whether you're eyeing a 1031 exchange, a cash sale, commercial financing, or envisioning yourself as an owner-operator, this offering caters to diverse investment strategies. Don't miss out on this golden opportunity to secure your foothold in Philadelphia's thriving real estate market!
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Garage Spaces 1
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 1
Building
New Construction N
Lot Dimensions 15 x 125
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax Amount $1,308
Tax Year 2023
Tax ID NO TAX RECORD
Ownership Fee Simple
Special Sale Standard
testyfx76
Listed by Carlos Masip • KW Empower
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Robert Lucido
Advisor | yjnn 4444789