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5407 Market Street, Philadelphia, PA 19139

$65,000 Sale Pending

  • For Sale
  • Pending
  • Commercial
5407 Market Street, Philadelphia, PA 19139View this property at 5407 Market Street, Philadelphia, PA 19139
5407 Market StreetPhiladelphiaPA19139
Property Description
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 for 5407 Market St

General

  • Price: $65,000
  • Taxes: $938 (2018)
  • Status: Pending
  • Type: Commercial
  • MLS ID: 1000426747
  • Updated: 7/12/2018
  • Added: 876 day(s) ago

Business

  • Business Type: Commercial
  • Includes: Land Only

Rental Information

  • Rent Includes: Water, Sewer

Interior

  • Flooring: Tile/Brick, Wood, Carpet

Rooms

Bedrooms

  • Master Bedroom: Unspecified

Parking

  • Parking Type: None

Location

  • Area: 19139 (19139)
  • County: Philadelphia
  • Development Name: West Philadelphia
  • Subdivision: West Philadelphia
  • Cross Streets: 54Th St.
  • Direction Faces: South
  • Location Details: Urban

Heating & Cooling

  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Masonry
  • Roof: Flat
  • Walls/Ceilings: Other
  • Stories/Levels: 0
  • Finished Above Grnd: 1,378 Sq. Ft.
  • Year Built: 1925
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 0.02
  • Lot Size (Sq. Ft.): 1,048
  • Lot Dimensions: 16 x 66
  • Topography: Level
  • Zoning: CMX2

Financial Considerations

  • 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
  • Inclusions: Property Being Sold As-Is
  • Lot Number: 130

Listed by Realty Xpress, Larry B Lichtman

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Schools

Schools serving 5407 Market St

Score
Name
Grades
Distance
1
5900 Race St, Philadelphia, PA 19139
PK-8
0.6 mi
1
5800 Walnut St, Philadelphia, PA 19139
9-12
0.5 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

Price & Sales History for 5407 Market St Get Price Alerts

Date
Details
Price
Change
Source
2/22/2017
Sold
$120,000
84.62%
Public Record
3/27/2016
Listed
$65,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 5407 Market St

Listed by Realty Xpress, Larry B Lichtman

5407 Market Street, Philadelphia, PA 19139 (MLS# 1000426747) is a Commercial property. 5407 Market Street is currently listed for $65,000 and was received on March 27, 2016. Want to learn more about 5407 Market 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.