1016 COTTMAN AVENUE, PHILADELPHIA, Pennsylvania 19111 For Sale

For Sale
$1,680,000

1016 COTTMAN AVENUE, Philadelphia, Pennsylvania 19111

  • 0 Sqft
  • Built Year 1950

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 .

Basic Details

  • Property Type: Multi-family
  • Listing Type: For Sale
  • Listing ID: PAPH2094662
  • Price: $1,680,000
  • Rooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1950
  • Lot Area: 0.20 Acre
  • Status: Active
  • PropertySubType: Other

Address Map

  • Country US
  • State PA
  • County PHILADELPHIA
  • City Philadelphia
  • Zipcode 19111
  • Street: COTTMAN
  • Street Number: 1016
  • Street Suffix: AVENUE
  • Floor Number: 0
  • Longitude: E0° 0' 0''
  • Latitude: N0° 0' 0''
  • Directions: use GPS
  • MLSAreaMajor: 19111 (19111)

Features

  • Heating System : 90% Forced Air
  • Cooling System : Central A/c
TCS Group
Property

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