Impeccable multi-unit building in a high traffic area on Broad St in South Philadelphia, currently being used as two commercial spaces and three apartments. The commercial spaces are on the first and lower levels, currently in use as two separate full service hair salons. The apartments are located on the second and third floors and have their own separate entrance. There is a studio, a one-bedroom and a two-bedroom unit. Each level pays for hot water, 1st floor pays for 1st floor and lower level, 2R pays for 2R and 2F, 3rd floor pays for 3rd floor. 3rd floor pays own electric, 2F electric is paid on the common account, 1st floor commercial space pays own, 2R pays own electric, lower level pays own electric. Owner pays the common account. The lower level is owner occupied, could rent for $900-$1000 monthly. 1st floor currently rents for $1330, 4th year goes to $1331, 5th year $1398, pays first $1000 for repairs. 2F currently rents for $650,. 2R currently rents for $700 and the 3rd floor is currently occupied for $1300 monthly until 8/31/22. Incredible investment opportunity in a prime location! Zoned CMX-2, Used as 2 commercial spaces & 3 apartments actual use is commercial & 2 apartments.
Courtesy of: Keller Williams Philly Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th October, 2021 10:38 PM