$525,000
$549,800
4.5%For more information regarding the value of a property, please contact us for a free consultation.
3,220 SqFt
SOLD DATE : 06/08/2022
Key Details
Sold Price $525,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $163
Subdivision Bella Vista
MLS Listing ID PAPH1021616
Sold Date 06/08/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $3,489
Tax Year 2022
Lot Size 1,283 Sqft
Acres 0.03
Lot Dimensions 28.00 x 43.00
Property Description
Excellent commercial investment opportunity! Two buildings sold as a pair! 1501 S 8th includes a first floor currently leased by a well respected long-term tenant: the famous Cosmi's Deli founded in 1932. The currently leased 3-bedroom apartment above includes a generous size living room, eat-in kitchen, wood floors, spacious bedrooms and closets. 1503 S 8th is a 2 bedroom single family home, currently rented. 1st floor has a living room, an open concept kitchen, 2nd floor has two bedrooms, one being utilized as a home office. Brand new Firestone rubber roof recently put on 1501 S 8th street ($5500 value), with a transferrable warranty! Located in popular Bella Vista, this central location is extremely walkable with great foot traffic and easily rentable. Gross annual income is $53,145. Tenants pay utilities, Commercial tenant pays utilities, U&O, and pro rated real estate taxes too. Business on the 1st floor of 1501 is NOT included in the sale, just the building. Strong rents, great location, prime opportunity for the savvy investor!
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871031950
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Gregory J Damis • BHHS Fox & Roach-Center City Walnut
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "