UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2637228
Year Built 1920
Annual Tax Amount $7,133
Tax Year 2024
Lot Size 2,100 Sqft
Acres 0.05
Lot Dimensions 50.00 x 42.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Key Investment Highlights:
✔ Strong 8.1% Cap Rate – High-yield, income-producing asset
✔ Tax Abatement – 1 Year Remaining
✔ 100% Occupancy with Cash Flow – Long-term residential & commercial tenants
✔ Turnkey Condition – Low-maintenance, modern construction
✔ High-Demand Location – Steps from Aramingo Ave, I-95, transit, and retail hubs
✔ Quality Upgrades – Tankless water heaters, sliding glass shower doors, central air, LED lighting, granite countertops, tile flooring, stainless steel appliances
✔ Fire & Safety Compliance – Fire alarm monitoring & annual system maintenance
✔ Transferrable Roof Warranty – Added long-term value
This prime investment property offers a rare opportunity to acquire a stabilized, low-maintenance asset in a rapidly growing area. Perfect for 1031 exchange and portfolio investors! Location Perks: Close to public transportation, restaurants, retailers, hospitals, schools, parks, fitness centers, I-95, and just minutes from downtown.
Don't miss this highly desirable, fully occupied asset
The property generates an annual rent of $84,000 and is separately metered for electricity. This property offers a lot, including streamlined rental payments, secure waste management, and maintenance services. Don't miss out on this income-generating gem!
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning ICMX
Interior
Hot Water Instant Hot Water, Tankless, Electric
Heating Central
Cooling Central A/C
Flooring Ceramic Tile, Laminate Plank
Inclusions transferrable roof warranty, fire alarm monitoring
Heat Source Electric
Exterior
Utilities Available Electric Available, Sewer Available, Water Available
Water Access N
View City
Roof Type Flat,Rubber
Accessibility Doors - Swing In
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871586000
Ownership Fee Simple
Security Features Exterior Cameras,Main Entrance Lock,Smoke Detector,Sprinkler System - Indoor,Window Grills
Acceptable Financing Cash, Conventional, Negotiable, Private, Other
Listing Terms Cash, Conventional, Negotiable, Private, Other
Financing Cash,Conventional,Negotiable,Private,Other
Special Listing Condition Standard
Nearby School & Business
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Joseph Asterino
Broker Associate | License ID: AB066344
Broker Associate License ID: AB066344