MLS#PAPH2586074
STATUSACTIVE
PROPERTY TYPECommercial - Farm
SCHOOLPHILADELPHIA CITY
Property Description
This building is 3 stories with a basement and the first floor is currently occupied by a tenant who is operating Grossly business the store is well decorated and there is a retail unit on the first floor and a two-bedroom apartment on the second floor and a two-bedroom apartment on the third floor, for a total of three units. However, the retail unit on the first floor still has six years left on its lease and is currently paying $1,400 in rent and paying all utilities. The second floor is perfectly furnished. It's currently empty and currently being marketed for $1,000. The third floor has a two-bedroom apartment tenan has been there for over 10 years. They're paying $650 a month, plus all utilities. So, if you rent out the second, first, and third floors, that comes out to $36,000 a year. The landlord's expenses include $2,498 in building taxes and $2,000 in building insurance, for a total of about $4,500. Subtracting those costs, you get $31,500 a year in net rental income. That's about a 10% annual income. The third floor is also very cheap. It could be a good investment.
Property Features
Property Type: Commercial - Farm
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Baseboard - Hot Water
Lot Size: 0.03 Acres
Taxes: $2,498
Year Built: 1935
Feature Descriptions
Accessibility: 2+ Access Exits
Days on Site: 39
Exterior: Masonry
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 3
Utilities: Electric Available, Natural Gas Available, Multiple Phone Lines, Sewer Available, Water Available
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: PK PROPERTY INC.
Agency Phone: 2156355100
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
3301 N Front Street | MLS# PAPH2586074
This commercial property located at 3301 N Front Street, Philadelphia, PA 19140 is currently listed for sale with an asking price of $319,000. N Front Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymarkllc.com today.