Price $675,000
Status Active
Beds 0
Baths 0 Bath
Home size 2,787 sqft
Lot Size 872 sqft
Days on Market 48
Location, Location, Location!! This mixed use Investment Opportunity in the desirable Queen Village neighborhood has the ability to be a Cash Cow! The first floor, spanning the entire lot, houses a barber shop with 6 independent styling stations. The seller, who has had recent health problems, used to rent every station out for $350.00 per month. There is currently 1 station rented out the other ones are not being used. The demand is there, but there is no one to promote or manage the style station rentals. Take advantage of this now, and bring the cash in. This part of the property is in a turn key situation including all equipment, forced air heating and central air conditioning, high ceilings and a convenient bathroom. The second and third floors have a bilevel 3 bedroom, 1 bathroom apartment with its own forced air heating system, which could use some cosmetic upgrades, and has its own separate entrance from South Street. With a minimal amount of improvements, this unit should easily rent for $2,700.00 per month. So, lets do the math; if the stations in the commercial space were all rented, that would bring in over $9,000.00 per month, and the apartment $2,700.00 per month. That's $11,700.00 per month on a $695,000.00 asking price! The location is second to none, just a few doors down from the famous Jim's Steaks, Milkboy, and Copa. It has plenty of foot traffic, retail shopping, cafes and restaurants. This one is a no-brainer! Make your move today!
Property Type(s): Multi Family
Last Updated 11/18/2021 Tract QUEEN VILLAGE
Year Built 1900 Community PHILADELPHIA
County PHILADELPHIA

SCHOOLS

School District THE SCHOOL DISTRICT OF PHILADELPHIA

Price History

Prior to Nov 18, '21 $695,000
Nov 18, '21 - Today $675,000

Additional Details

AIR Central A/C
AIR CONDITIONING Yes
AREA PHILADELPHIA
CONSTRUCTION Masonry
HEAT Forced Air
HOA DUES None
LOT 871 sq ft
LOT DIMENSIONS 16.00 x 58.00
SEWER Public Sewer
STYLE Interior Row/Townhouse, Other
SUBDIVISION QUEEN VILLAGE
TAXES 6698.00
WATER Public
ZONING CMX3

Location

 

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Data last updated: 12/6/21 9:45 PM PST

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