Homes for sale - 1016 COTTMAN AVE, Philadelphia, PA 19111

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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

$1,680,000

Est. payment - /mo

8,750 Sqft Lot

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UPDATED:

08/14/2024 08:16 AM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2094662

Style Contemporary

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $6,241

Tax Year 2023

Lot Size 8,750 Sqft

Acres 0.2

Lot Dimensions 70.00 x 125.00

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 .

Location

State PA

County Philadelphia

Area 19111 (19111)

Zoning CMX2

Rooms

Basement Front Entrance

Interior

Hot Water Natural Gas

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility 32\"+ wide Doors

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881223990

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

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Listed by Jie Chen • Home Max Realty

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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

1016 COTTMAN AVE Philadelphia, PA 19111

William Mercogliano III

William Mercogliano III

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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