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Key Details
Sold Price $966,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $335
Subdivision Art Museum Area
MLS Listing ID PAPH842758
Sold Date 02/12/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $11,543
Tax Year 2020
Lot Size 1,264 Sqft
Acres 0.03
Lot Dimensions 16.41 x 77.00
Property Description
Welcome to 1800 Callowhill Street! Do not miss out on this amazing money making opportunity offering a true 6.5% cap rate in the heart of the city's most popular neighborhood "Fairmount". On the first floor, you ll find a fully rehabbed, modern cafe/ coffee shop (owner occupied) with a spacious layout and indoor and outdoor seating. In the back of the cafe is a large gated patio with ramp access. The attached basement allows for plenty of extra storage space and houses all utilities for the building. The second and third floors, above the cafe, house two renovated apartments currently rented at $1,350.00 and $1,650.00 per month. The first apartment features one bedroom, one bathroom, a spacious living area, and hardwood floors throughout. It also boasts an updated kitchen with granite counter tops and stainless steel appliances. The third floor has a two-bedroom apartment, which also has an upgraded kitchen and bathroom, as well as beautiful hardwood floors. This property was gut rehabbed in 2018, grosses $6,500.00 per month and has very low expenses. The location is Stellar, located near restaurants, galleries and public transportation. Cash on cash, you will not find a better deal in Center City. Set your appointment today.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX2
Interior
Hot Water Electric, Natural Gas
Heating Forced Air, Baseboard - Electric
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871402915
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Damon C. Michels • BHHS Fox & Roach - Narberth