INVESTOR ALERT!!! Nice 2 story commercial/mixed use building for sale near the 52nd St Shopping Corridor. Legally Zoned CMX2 Building on busy Market Street. It is just 2 blocks from the bustling 52nd & Market Street Shopping Corridor with heavy foot traffic passing by at all times of the day. It is super convenient to transportation(52nd St Market-Frankford El Stop) and there is plenty of parking in front of and around the building. Currently: First floor is leased to a Hair Salon for $750 monthly. See pictures of salon and prior while vacant for a better view of full space. 2nd floor is a 2 BR apartment leased for $700 monthly. Currently generates $1,450 in rents per month. All electric utilities. Separately metered electric service.
Tenants pay their own electric. Landlord pays only water, taxes and insurance. This is a solid investment property in an upward trending, gentrifying neighborhood. The possibilities are endless. First floor is Wheel Chair accessible. Property is being offered AS-IS and is priced to sell. Cash Buyers only. ALL reasonable offers will be considered. Also for sale is the building right next door, 5409 Market St. MLS # 6756547. Same CMX2 zoning and currently fully leased generating POSITIVE CASH FLOW. Check it out as well, Available individually or as a package deal. Come by, take a look, make an offer to add this one or both buildings to your rental portfolio.
Full Property Details
Full Property Details for 5407 Market St
Taxes: $938 (2018)
MLS ID: 1000426747
Added: 876 day(s) ago
Business Type: Commercial
Includes: Land Only
Rent Includes: Water, Sewer
Flooring: Tile/Brick, Wood, Carpet
Master Bedroom: Unspecified
Parking Type: None
Area: 19139 (19139)
Development Name: West Philadelphia
Subdivision: West Philadelphia
Cross Streets: 54Th St.
Direction Faces: South
Location Details: Urban
Heating & Cooling
Water Heater: Electric
Sewer: Public Sewer
Construction: Brick, Masonry
Finished Above Grnd: 1,378 Sq. Ft.
Year Built: 1925
Year Built Source: Estimated
Lot Size (Acres): 0.02
Lot Size (Sq. Ft.): 1,048
Lot Dimensions: 16 x 66
Price Per Sq. Ft.: $47.17
Tax w/Assessment: $67,000
Tax Amount: $938
Tax Year: 2018
Tenant Pays: Electricity, Heat, Hot Water, Cooking Fuel, Cable TV
Disclosures and Reports
Ownership: Fee Simple
Exclusions: Tenant's Furniture And Personal Belongings
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
5407 Market Street, Philadelphia, PA 19139 (MLS# 1000426747) is a
5407 Market Street is currently listed for $65,000 and was received on March 27, 2016.
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