$265,000
$279,900
5.3%For more information regarding the value of a property, please contact us for a free consultation.
2,080 SqFt
SOLD DATE : 05/16/2023
Key Details
Sold Price $265,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,080 sqft
Price per Sqft $127
Subdivision Point Breeze
MLS Listing ID PAPH2218096
Sold Date 05/16/23
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $2,950
Tax Year 2022
Lot Size 1,040 Sqft
Acres 0.02
Lot Dimensions 16.00 x 65.00
Property Description
very rare hard to find zoning/use in the area, the value is the entire building as one commercial space where an owner/operator of a daycare facility can maximize their income per square foot / per child.
For real estate investors, they can maximize their rent per square foot while spending virtually $0 on any improvements because it is a turnkey operation. At $2,500-$2,700 per month, you look at 8+% cap rate.
The entire property was completely renovated in 2010 with new electric, plumbing, central air, kitchen, bathrooms, and recent upgrade in March to led lighting and roof has been maintained since then. Also installed new ceramic tile flooring approx. 2 years ago.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871550090
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Cui Zhen Deng • Home Vista Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "