1016 Cottman Ave, PHILADELPHIA, PA

$1,680,000

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0.20

Acres

About 1016 Cottman Ave

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. 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 .

Features of 1016 Cottman Ave

MLS® # PAPH2094662
Price $1,680,000
Bathrooms 0.00
Acres 0.20
Year Built 1950
Type Multi-Family
Sub-Type Other, Over Storefront
Style Contemporary
Status Active

Community Information

Address 1016 Cottman Ave
Area 19111
City PHILADELPHIA
County PHILADELPHIA-PA
State PA
Municipality PHILADELPHIA
Zip Code 19111

Amenities

Is Waterfront No

Interior

Heating 90% Forced Air
Cooling Central A/C
Has Basement Yes
Basement Front Entrance
Fireplace No

School Information

District THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information

Date Listed March 17th, 2022
Days on Market 859
Zoning CMX2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHome Max Realty
Contact Info(215) 904-7508

Listing Map

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