Take advantage of this great income producing property in North Philadelphia. The property is zoned as CMX2 and features three units: two apartments and a commercial space. The apartments have a separate entrance from the store on Rockland Street and features (2) two bedroom apartments. The commercial/retail space entrance is currently a convenience store. The second floor is vacant but features hardwood floors and has been totally updated with a new tile bathroom and a brand new kitchen. The third floor is tenant occupied and can be completely updated like the second floor to increase, which would be a great value-add opportunity. The retail business is a long-term tenant with a successful convenience store. Each unit has its own hot water heater/tank and electric meter. All utilities are electric and paid by the tenants. Annual income produced by building is $33,360+ a year. Pictures coming soon.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
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Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
