Philadelphia, PA 19139,205-211 S 52ND ST
Philadelphia, PA 19139,205-211 S 52ND ST
Philadelphia, PA 19139,205-211 S 52ND ST
$825,000
Est. payment /mo
$899,000
8.2%
Est.Price: ?

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1,061 Sqft Lot
SOLD DATE : 02/07/2018

Key Details

Sold Price $825,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Philadelphia (West)

MLS Listing ID 1004125367

Sold Date 02/07/18

HOA Y/N N

Originating Board TREND

Year Built 1925

Annual Tax Amount $1,559

Tax Year 2017

Lot Size 1,061 Sqft

Acres 0.02

Lot Dimensions 45X70

Property Description

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.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning CMX4

Rooms

Other Rooms Primary Bedroom

Interior

Fireplace N

Exterior

Water Access N

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871400515

Ownership Fee Simple

Special Listing Condition Short Sale

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Bright MLS (BMLS)
Listed by Michael R. McCann • BHHS Fox & Roach-Center City Walnut
Bought with Michael R. McCann • BHHS Fox & Roach-Center City Walnut

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Matthew Kimmey

+1(443) 966-4683

Broker | License ID: 666615

Broker License ID: 666615

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