205 52nd Street
Philadelphia, PA 19139
MLS #7082418

Multi-Family
  • 7units
  • 6beds
  • 3baths
  • 0.02acres
  • 4,233sq ft
ACTIVE $899,000
Est. P&I payment: $3433.57/mo
205 52nd Street, Philadelphia, PA 19139
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Description for 205 52nd Street, Philadelphia, PA 19139
Attention Savvy investors, these commercial properties offer an Amazing rate of return, with over $97,000.00 per year in gross income and very little expenses. Almost all of the commercial leases are triple net, and the tenants are all long term. 52nd Street is the largest commercial corridor in West Philadelphia, and is always bustling!! This package consists of four contiguous store fronts and three apartments, all currently rented, There is value add room in the package, several of the upper floors are vacant, and could easily be converted to apartments. In addition, the owners have been very lenient with rental increases, which a new investor could take advantage of. Seller pays approximately $8,000.00 in expenses per year, all other are absorbed by the tenants. All leases are attached, feel free to call or email with any questions. All showings will be set with the property manger, who will be happy to show you the entire package. These properties can also be sold with the duplex listing at 5703 Baltimore Avenue, which is owned by the same sellers.
MLS #7082418
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My Notes for MLS #7082418

General Features

  • Property Type: Multi-Family
  • Building Floors: 2
  • Design: Stor&Res,​Other
  • Gross Square Feet: 4,233
  • Land Square Feet: 1,061
  • Total Units: 7
  • Property Age: 92
  • County: PHILADELPHIA
  • Subdivision: PHILA (WEST)

Exterior Features

  • Water Front: N
  • Exterior: Brick
  • Has Garage Flag: N
  • Garage Spaces: NoGarage
  • Parking: Street

Interior Features

  • Basement: Y
  • Basement Type: Full
  • Baths Full Unit 2: 1
  • Beds Unit 2: 2
  • Baths Full Unit 3: 1
  • Beds Unit 3: 2
  • Baths Full Unit 5: 1
  • Beds Unit 5: 2

Utilities Features

  • Central Air: N

Financial Features

  • Unit 1 Monthly Rent: 1,200
  • Unit 2 Monthly Rent: 600
  • Unit 3 Monthly Rent: 650
  • Unit 4 Monthly Rent: 1,400
  • Unit 5 Monthly Rent: 650
  • Unit 6 Monthly Rent: 2,020
  • Unit 7 Monthly Rent: 1,600
  • Tax Year: 2017
  • Total Assessment: 120,100
  • Total Taxes: 7,059

School Features

  • School District: Philadelphia

Miscellaneous Features

  • New Construction: N
  • Type: MultiBldgs

Location

 
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The listing information for 205 52nd Street, Philadelphia, PA 19139 was graciously provided by our friends at the listing brokerage, BHHS Fox & Roach-Center City Walnut

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P&I Payment $3433.57
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Last Updated 12/11/2017 at 8:02am
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