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 .
Presented By: Home Max Realty
Interior Features for 1016 Cottman Avenue
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
BasementFront Entrance
Basement (Y/N)Yes
Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 1016 Cottman Avenue
Acceptable FinancingCash, Other
Accessibility32 + wide Doors
Architectural StyleContemporary
Cap Rate6.00
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
Directionsuse GPS
Exclusionsbusiness leases and tenants' personal belonging
Garage Y/NNo
Gross Income114300.00
Heating90% Forced Air
Insurance Expense2700.00
Lot Size Square Feet8750.00
Lot Size UnitsSquare Feet
MLS Area19111 (19111)
ModificationTimestamp2024-12-01T11:28:19
MunicipalityPHILADELPHIA
Net Operating Income100559.00
New ConstructionNo
Number Of Units Total3
Number of Units Leased7
One Bedroom Units Count3
Other StructuresAbove Grade, Below Grade
OwnerPaysInsurance, Repairs, Snow Removal, Taxes - Real Estate, Water
OwnershipFee Simple
Possession31-60 Days CD
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
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