1016 COTTMAN AVE Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19111
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2094662
Style Contemporary
Year Built 1950
Annual Tax Amount $6,241
Tax Year 2023
Lot Size 8,750 Sqft
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
Interior
Hot Water Natural Gas
Cooling Central A/C
Exterior
Waterfront N
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Special Listing Condition Standard