Solid corner-lot mixed-use investment opportunity in the Nicetown section of North Philadelphia. This 1930-built masonry building sits on a 3,733 sf RM1-zoned corner lot (44' x 85') and offers a turnkey income stream across four units. The property comprises two ground-floor commercial spaces and two second-floor residential apartments, Residential units are comprised of 1 - one bedroom/1 bath apartment and 1 - two bedroom/1 bath apartment. All four units are currently occupied, generating combined actual monthly rent of $3,700($1,000 (C), $1,000 (C), $850 (R), and $850 (R) per unit). A corner location and mixed commercial/residential configuration make this a versatile addition to an investment portfolio. Only serious buyers with submitted proof of funds and 48 hours notice will be permitted showings to minimize disturbance to the both residential and commercial tenants. This property is strictly As-Is. Buyers should independently verify zoning compliance, use registration, and any required permits or licenses for their intended use of the commercial units with the City of Philadelphia Department of Licenses & Inspections prior to settlement.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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