1016 Cottman Avenue, Philadelphia, PA 19111 - Photo 1

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$1,680,000

For Sale
Active
Multi-Family

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Property Description

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 .

Full Property Details

Full Property Details for 1016 Cottman Ave

General

Price: $1,680,000
Taxes: $6,241 (2023)
Status: Active
Type: Multi-Family
Source: BrightMLSPhilly
MLS ID: PAPH2094662
Updated: 8/6/2024
Added to Site: 1, 212 day(s) ago

Parking

Parking Type: Parking Lot

Location

Area: 19111 (19111)
Municipality: PHILADELPHIA
County: Philadelphia
Driving Directions: use GPS

School Information

School District: The School District Of Philadelphia

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: 90% Forced Air
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Contemporary
Architectural Style: Contemporary
Structure Type: Over Storefront
Construction: Masonry
Basement: Yes
Basement Entrance: Yes
Basement Desc.: Front Entrance
Stories/Levels: 0
Sq. Ft. Source: Assessor
Year Built: 1950
Year Built Source: Estimated

Unit Information

1 Bedroom Units: 3
2 Bedroom Units: 2

Lot Features

Lot Size (Acres): 0.2
Lot Size (Sq. Ft.): 8,750
Lot Size Source: Assessor
Lot Dimensions: 70.00 x 125.00
Zoning: CMX2

Financial Considerations

Assessment Year: 2023
School Tax: $3,424
City/TownTax: $2,816
City/TownTax Freq: Annually
Tax w/Assessment: $445,900
Tax Amount: $6,241
Tax Year: 2023
Owner Pays: Insurance, Repairs, Snow Removal, Taxes - Real Estate, Water
Landlord Pays: Insurance, Repairs, Snow Removal, Taxes - Real Estate, Water

Disclosures and Reports

Ownership: Fee Simple
Exclusions: business leases and tenants' personal belonging
Lot Number: 145

Listed by Home Max Realty, Jie Chen

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Listing agent

— 1016 Cottman Ave —

Jie Chen

Home Max Realty

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NMLS#: 1598647

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Schools

Schools serving 1016 Cottman Ave

School District:The School District Of Philadelphia

Name	Grades	Distance
Kennedy C. Crossan School 7350 Bingham St, Philadelphia, PA 19111	K-5	0.1 mi
Woodrow Wilson Middle School 1800 Cottman Ave, Philadelphia, PA 19111	6-8	0.9 mi
Northeast High School 1601 Cottman Ave, Philadelphia, PA 19111	9-12	0.7 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1016 Cottman Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/17/2022

Listed

$1,680,000

133.33%

MLS

10/16/2014

Sold

$720,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1016 Cottman Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$6,242

—

$445,900

100%

2021

$6,242

—

-100%

2023

$6,242

—

$445,900

—

2020

$6,242

—

$445,900

—

2019

$6,226

3%

$444,800

3%

2018

$6,056

-37%

$432,600

-37%

2017

$9,566

—

$683,400

—

2016

$9,566

4%

$683,400

—

2015

$9,158

—

$683,400

—

2014

$9,158

95%

$683,400

1324%

2013

$4,690

—

$48,000

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1016 Cottman Ave

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$59,900

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Lots/Land
Active
Updated 5 days ago

0.03
Acres

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Just Listed

$49,900

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Lots/Land
Active
Updated 5 days ago

0.04
Acres

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Just Listed

$275,000

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Warehouse
Active

Listed by Keller Williams Main Line, Darryl K Miller

2933 Royden St, Camden, NJ 08105 - Photo 1

Just Listed

$185,000

2933 Royden St Camden, NJ 08105

Townhouse
Active
Updated 2 days ago

3
Beds
1
Total Bath
1,024
Sq. Ft.

Listed by Township Realty, Mark Scarpa, Jr.

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Price Reduced

-$7,000 (-8.28%)

$77,500

[Address not provided] Camden, NJ 08103

Townhouse
Active
Updated 2 days ago

4
Beds
2
Total Baths
1,170
Sq. Ft.

Listed by Keller Williams - Main Street, Patrick M Gorman

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Price Reduced

-$17,000 (-10.3%)

$148,000

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Lots/Land
Active
Updated 3 days ago

0.22
Acres

Listed by Township Realty, Mark Scarpa, Jr.

1057 S Merrimac Rd, Camden, NJ 08104 - Photo 1

Price Reduced

-$5,000 (-2.22%)

$219,999

1057 S Merrimac Rd Camden, NJ 08104

Townhouse
Active
Updated 3 days ago

3
Beds
1
Total Bath
1,024
Sq. Ft.

Listed by RE/MAX Community-Williamstown, Richard Mauriello Jr.

1361 Park Blvd, Camden, NJ 08103 - Photo 1

Price Reduced

-$10,000 (-3.86%)

$249,000

1361 Park Blvd Camden, NJ 08103

Townhouse
Active
Updated 1 day ago

4
Beds
3
Total Baths
1,638
Sq. Ft.

Listed by Garden State Properties Group - Merchantville, Basem Mazahreh

1016 Cottman Avenue, Philadelphia, PA 19111 (MLS# PAPH2094662) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 1016 Cottman Avenue is currently listed for $1,680,000 and was received on March 17, 2022. Want to learn more about 1016 Cottman Avenue? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

1016 Cottman Ave Philadelphia, PA 19111