1059 Van Kirk Street
Philadelphia, PA 19149
MLS #7059381

Multi-Family
  • 3units
  • 2beds
  • 2+1½baths
  • 0.04acres
  • 2,400sq ft
ACTIVE $299,000
Est. P&I payment: $1141.98/mo
1059 Van Kirk Street, Philadelphia, PA 19149
  • 1059 Van Kirk Street, Philadelphia, PA 19149 Photo 1
  • 1059 Van Kirk Street, Philadelphia, PA 19149 Photo 2
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Description for 1059 Van Kirk Street, Philadelphia, PA 19149
Investor Entrepreneur Alert: Established Mixed-Use Commercial Property For Sale on a prominent corner with high traffic counts in the Oxford Circle Area of Philadelphia. Good for either owner-occupant or investor. Total Annual Income: $37,744, 5% Residential Vacancy, 20% Expenses, NOI $29,882, ROI is 21% of 75% LTV Investment. DSCR is 2.13. This leveraged model generates a 10% CAP at the asking price. The property contains one one-bedroom (Section-8) and one studio apartment, both with hardwood floors, good kitchen, and bath, electric heat; plus one 1,275 SF commercial retail space actively used as a pizzeria. Separate meters. Essentially, the present residential income covers the mortgage, so the commercial component can be managed as the money-maker. Sale of real estate only, no commercial fixtures. Existing commercial tenant is open to a negotiable exit or a renewed multi-year lease. Manifest your dream. Call for additional details, property brochure or appointment.
MLS #7059381
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My Notes for MLS #7059381

General Features

  • Property Type: Multi-Family
  • Building Floors: 2
  • Design: Triplex
  • Floor: Wood,​StoneFl
  • Gross Square Feet: 2,400
  • Land Square Feet: 1,742
  • Total Units: 3
  • Unit 1 Lease End: (NEGOTIABLE)
  • Unit 3 Lease End: SECT-8
  • Property Age: 91
  • County: PHILADELPHIA
  • Subdivision: OXFORD CIRCLE

Exterior Features

  • Water Front: N
  • Exterior: Brick
  • Foundation: BlckBrck
  • Roof: FlatRoof
  • Has Garage Flag: N
  • Garage Spaces: NoGarage
  • Parking: Street

Interior Features

  • Basement: N
  • Basement Type: None
  • Interior Features: CableTVAvail
  • Studio Efficiency Unit Count: 1
  • Unit 1 Interior Sq Ft: 1,275
  • Partial Bath Count Unit 1: 1
  • Room Count Unit 1: 1
  • Baths Full Unit 2: 1
  • Beds Unit 2: 1
  • Unit 2 Interior SqFt: 525
  • Room Count Unit 2: 2
  • Baths Full Unit 3: 1
  • Beds Unit 3: 1
  • Unit 3 Interior Sq Ft: 600
  • Room Count Unit 3: 3

Utilities Features

  • Central Air: Y

Financial Features

  • Unit 1 Monthly Rent: 1,744
  • Unit 2 Monthly Rent: 600
  • Unit 3 Monthly Rent: 800
  • Annual Insurance Expense: 1,800
  • Annual Maintanance Expense: 400
  • Annual Other Expense: 1,600
  • Annual Water Sewer Expense: 1,800
  • Tax Year: 2017
  • Total Assessment: 157,700
  • Total Taxes: 2,207

School Features

  • School District: Philadelphia

Miscellaneous Features

  • New Construction: N
  • Type: MultiBldgs

Location

 
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Directions to 1059 Van Kirk Street, Philadelphia, PA 19149
Prominent Corner Intersection @ Oxford Avenue
The listing information for 1059 Van Kirk Street, Philadelphia, PA 19149 was graciously provided by our friends at the listing brokerage, Keller Williams Realty Center City

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P&I Payment $1141.98
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Last Updated 12/16/2017 at 3:30pm
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