Address
1016 Cottman Avenue, Philadelphia, PA
Price
$ 1,680,000
Property Attributes
- MLS#PAPH2094662
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19111
- Zip19111
- StyleContemporary
- Year Built1950
- Taxes$ 6241
- Price$ 1,680,000
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Lot Size8,712 SqFt
Data Source:
Bright MLS
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 .
| Price History | |
|---|---|
| 3/17/2022 | Listed $1,680,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | 90% Forced Air |
| Cooling | Central A/C |
| Possession | 31-60 Days CD |
| Zoning | CMX2 |
| Pool Y/N | No Pool |
| Architectural Style | Contemporary |
| Construction Materials | Masonry |
| Exclusions | business leases and tenants' personal belonging |
| Year Built | 1950 |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 114300.00 |
| OwnerPays | Insurance,Repairs,Snow Removal,Taxes - Real Estate,Water |
| Accessibility | 32 + wide Doors |
| County | PHILADELPHIA |
| Net Operating Income | 100559.00 |
| Insurance Expense | 2700.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | use GPS |
| ModificationTimestamp | 2024-05-01T00:28:56 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 3 |
| MLS Area | 19111 (19111) |
| Lot Size Square Feet | 8750.00 |
| Tax Assessed Value | 445900.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 7 |
| Street Name | COTTMAN |
| Tax Annual Amount | 6241.0 |
| Trash Expense | 500.00 |
| Two Bedroom | 2 |
| Structure Type | Over Storefront |
| One Bedroom Units Count | 3 |
| Acceptable Financing | Cash,Other |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 777 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 145 |
| Total Actual Rent | 114300.00 |
| Cap Rate | 6.00 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Front Entrance |
| Hot Water | Natural Gas |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | Parking Lot |
| Land Use Code | CA0 |
| Water View Y/N | No |
| Lot Dimensions | 70.00 x 125.00 |
| Lot Size Acres | 0.20 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 133770.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19111
Price
Taxes
Visits
Year Built
Walkscore
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