1016 COTTMAN AVE Philadelphia, PA 19111
8,750 Sqft Lot
UPDATED:
08/14/2024 08:16 AM
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2094662
Style Contemporary
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $6,241
Tax Year 2023
Lot Size 8,750 Sqft
Acres 0.2
Lot Dimensions 70.00 x 125.00
Property Description
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 .
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning CMX2
Rooms
Basement Front Entrance
Interior
Hot Water Natural Gas
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors
Parking Type Parking Lot
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881223990
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
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