
1016 Cottman Ave Philadelphia, PA 19111
Castor Gardens NeighborhoodEstimated payment $9,603/month
Highlights
- 0.2 Acre Lot
- Contemporary Architecture
- 90% Forced Air Heating and Cooling System
About This Home
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 .
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,241
Year Built
- Built in 1950
Lot Details
- 8,750 Sq Ft Lot
- Lot Dimensions are 70.00 x 125.00
Parking
- Parking Lot
Home Design
- Contemporary Architecture
- Masonry
Utilities
- 90% Forced Air Heating and Cooling System
- Natural Gas Water Heater
Additional Features
- Front Basement Entry
- Doors are 32 inches wide or more
Listing and Financial Details
- Tax Lot 145
- Assessor Parcel Number 881223990
Community Details
Overview
- 3 Units
Building Details
- Income includes apartment rentals, shop rentals
- Insurance Expense $2,700
- Trash Expense $500
- Net Operating Income $100,559
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
03/17/2022 03/17/22 | For Sale | $1,680,000 | +133.3% | -- |
10/16/2014 10/16/14 | Sold | $720,000 | -9.9% | $84 / Sq Ft |
08/16/2014 08/16/14 | Pending | -- | -- | -- |
07/20/2014 07/20/14 | For Sale | $799,000 | -- | $94 / Sq Ft |
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