1. Pennsylvania
2. Philadelphia
3. 1016 COTTMAN AVENUE

1016 COTTMAN AVENUE, Philadelphia, PA 19111

Property 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 .

Listing Status:

Active

Date Added:

March 17, 2022 at 05:00AM

Listing Office:

Home Max Realty : 2159047508

Listing Agent:

Jie Chen : 2158201621

MLS ID:

PAPH2094662

Interior

• Basement: Front Entrance
• A/C: Central A/C
• Heating: Y90% Forced AirNatural Gas
• Disability Feature: 32"+ wide Doors

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Jie Chen, Home Max Realty