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1059 Van Kirk Street, Philadelphia, PA 19149

$299,000

  • For Sale
  • Active
  • Commercial
1059 Van Kirk Street, Philadelphia, PA 19149View this property at 1059 Van Kirk Street, Philadelphia, PA 19149
1059 Van Kirk StreetPhiladelphiaPA19149

Property Description

Investor Entrepreneur Alert: Established Mixed-Use Commercial Property For Sale on a prominent corner with high traffic counts in the Oxford Circle Area of Philadelphia. Good for either owner-occupant or investor. Total Annual Income: $37,744, 5% Residential Vacancy, 20% Expenses, NOI $29,882, ROI is 21% of 75% LTV investment. DSCR is 2.13. This leveraged model generates a 10% CAP at the asking price. The property contains one one-bedroom (Section-8) and one studio apartment, both with hardwood floors, good kitchen, and bath, electric heat; plus one 1,275 SF commercial retail space actively used as a pizzeria. Separate meters. Essentially, the present residential income covers the mortgage, so the commercial component can be managed as the
money-maker. Sale of real estate only, no commercial fixtures. Existing commercial tenant is open to a negotiable exit or a renewed multi-year lease. Manifest your dream. Call for additional details, property brochure or appointment.

Full Property Details for 1059 Van Kirk Street

General

  • Price: $299,000
  • Taxes: $2,207 (2017)
  • Status: Active
  • Type: Commercial
  • MLS ID: 1001413595
  • Updated: 1/16/2018
  • Added: 144 day(s) ago

Property History

  • 1059 Van Kirk Street, Philadelphia, PA
  • Listed at $299,000 on 9/26/17

Business

  • Business Type: Commercial, Retail, Investment, Apartment Building, Re
  • Includes: Land and Building, Land Only

Interior

  • Flooring: Wood, 3000+ PSI

Rooms

Bedrooms

  • Master Bedroom: Unspecified

Location

  • Area: 19149 (19149)
  • County: Philadelphia
  • Development Name: Oxford Circle
  • Subdivision: Oxford Circle
  • Cross Streets: Oxford Avenue
  • Driving Directions: Prominent Corner @ Oxford Ave
  • Traffic Count: 20000-29999
  • Location Details: Urban

Heating & Cooling

  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Natural Gas Available, Electric Available, Phone, Cable TV Available

Structural Information

  • # Buildings: 2
  • Construction: Brick
  • Foundation: Brick/Mortar
  • Roof: Flat
  • Square Feet: 2,400
  • Sq. Ft. Source: Seller
  • Finished Above Grnd: 2,400 Sq. Ft.
  • Year Built: 1925
  • Year Built Source: Estimated

Additional Structures

  • Other Structures: Above Grade

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,742
  • Lot Dimensions: 25 x 70
  • Topography: Level
  • Zoning: RM1

Financial Considerations

  • Price Per Sq. Ft.: $125
  • Tax w/Assessment: $157,700
  • Tax Amount: $2,207
  • Tax Year: 2017

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Commercial Fixtures
  • Lot: 34

Listed by Keller Williams Realty Center City, Charles Balducci

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Schools

Schools serving 1059 Van Kirk Street

School District:
The School District Of Philadelphia
School Name
Grades
Distance
Laura H. Carnell School
1100 Devereaux Ave, Philadelphia, PA 19111
K-5
0.3 mi
Samuel S. Fels High School
5500 Langdon St, Philadelphia, PA 19149
9-12
0.3 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 1059 Van Kirk Street

1059 Van Kirk Street, Philadelphia, PA 19149 (MLS# 1001413595) is a Commercial property. 1059 Van Kirk Street is currently listed for $299,000 and was received on September 26, 2017. Want to learn more about 1059 Van Kirk Street? Do you have questions about finding other Commercial real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

Listed by Keller Williams Realty Center City, Charles Balducci

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