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1016 Cottman Avenue

PHILADELPHIA, PA 19111
  • $1,680,000
  • STATUS: Active
  • ON SITE: 319 Days
  • MLS #: PAPH2094662
UPDATED: 62 min ago
$1,680,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

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 .

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-31T07:51:06.887.
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1016 Cottman Avenue PHILADELPHIA, PA 19111

  • Price: $1,680,000
  • Status: Active
  • On Site: 319 Days
  • Updated: 62 min ago
  • MLS #: PAPH2094662
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1950
Built
Neighborhood:
19111 (19111)
County:
Philadelphia
Area:
19111 (19111)
School District:
The School District Of Philadelphia
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 .
Exterior Features

Architectural Style Contemporary Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types Parking Lot Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Basement Front Entrance Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions Business Leases And Tenants' Personal Belonging Fireplaces Total 0 Heating 90% Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Acceptable Financing CashOther Accessibility Features 32"+ Wide Doors Assessment Year 2023 Central Air YN Yes Cooling Fuel Electric Gross Income 114300.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 2700.00 Municipality Philadelphia Navigable Water YN N Net Operating Income 100559.00 New Construction YN No Number Of Units Leased 7 Number Of Units Total 3 Operating Expense Includes Insurance Original MLSNumber 801408115426 Owner Pays InsuranceRepairsSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Over Storefront Tax Annual Amount 6241.00 Tax Assessment Amount 445900.00 Tax Lot 145 Total Actual Rent 114300.00 Trash Expense 500.00 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Home Max Realty: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-31T07:51:06.887.
 
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