Philadelphia, PA, 19140 - For Sale

Type:	Rental/Timeshare/Vacation
Address:	3601-23 North 22Nd Street, Philadelphia, PA, 19140
Bedrooms:	N/A
Bathrooms:	N/A
Year Built:	N/A
Sq. Footage:	N/A
Price/Sqft:	N/A
Property Tax:	new! $10,409
Price:	$700,000
Sale Type:	For Sale by Agent

Listing added: 2009-06-09

Additional features: Lot size: 5662.8, School district: , , ,

Solid 11250 sqft strip mall is located in a crowded area of North Philly. 7 upstairs apartments are fully rented, Rent from 475-520/month (total upstairs 3370/month) each of them has windows, kitchen, 1 large bedroom, living room, central air, separate utilities, common laundry on 2nd floor, and all make an easy living. 6 stores on ground floor are also rented. 2 anchor stores are grocery stores 1081/month and an eat-in take out restaurant (610/month); they are long term lease tenants with rent increase 5 per cent yearly. 4 other stores are also rented by achurch, a clothing, an office, and a beauty salon (Total ground floor is 3511/month. Rent total 6881/month owner pays cold water, Tax, and common electric. Make a calculation and appreciate an excellent positive cash flow to invest. Make a calculation and appreciate.Owners are relatives of listingbroker Gross Ann Inc 82572. Total Ann Exp 18,000 Net Operating Inc 67572 Cap Rate 9.65 Ann Elec Exp 300 Ann Wtr/Swr Exp 2,500 Ann Ins Exp 6,000

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