Excellent investment opportunity! This mixed use property in the Oxford Circle section of Philadelphia features a 3 bedroom end unit row with a finished basement converted to office space with a reception area, powder room and 3 separate office or exam rooms. The office was previously used by a doctor and can also be used for any professional services such as insurance, real estate, medical, dental, tax preparation, accounting, lawyer, dentist, consulting and more. You can live & work at this location or it is a perfect investment opportunity. Pro forma income of $2000 brings an excellent cap rate of 15.17%. Separate entrance and utilities for both units. The three bedroom has plenty of light and features a full bath, an eat in kitchen and oversized living room and dining room. There is a fenced in back yard and a security system for the entire property. The property has street parking & public transportation right our front and very good exposure on Oxford Ave with an average daily traffic count of 10,000-20,000 vehicles. Oxford Circle is a neighborhood in the lower Northeast section of Philadelphia. Its namesake is the much used traffic circle at Roosevelt Boulevard and Oxford Avenue. The Oxford Circle neighborhood has traditionally included the areas up to Rhawnhurst and Mayfair but does not really have a fixed boundary. Oxford Circle is also the colloquial name for the nearby Summerdale neighborhood, which is located west of Roosevelt Boulevard, opposite the city's Frankford section.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
