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Key Details
Sold Price $370,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,066 sqft
Price per Sqft $120
Subdivision Lawndale
MLS Listing ID PAPH936744
Sold Date 11/23/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $3,567
Tax Year 2020
Lot Size 2,519 Sqft
Acres 0.06
Lot Dimensions 25.00 x 100.75
Property Description
Unbelievable cash flow! Corner detached brick building with first floor medical office, 1 bedroom apartment, 2 bedroom apartment and attached 1 car garage. A frame, shingles roof. Separate gas heat and utilities, central air for first floor office only. Dentist office lease expires January 2026. Doctor also pays for 2/3 of real estate taxes and water and sewer. 2nd floor pays a below market rate rent, both tenants have been there 27 years. 2nd floor has storage attic. 1st floor apartment needs renovations. Projected rent would be over $50,000 a year .All real estate transfer taxes to be paid by buyer. Property is being sold in "as Is" condition needing updating t/o. No property inspection will be accepted. Leases are in Bright MLS. Call for any additional information. All buyers MUST wear masks during all showings. Please do not enter dentist office without a confirmed appointment with a showing agent. All showings must be between 1-2 PM Mondays, Tuesdays, Thursdays and Fridays only no exceptions.
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Asphalt,Shingle
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871164450
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Jin Han Dong • HK99 Realty LLC