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2101 W Susquehanna Avenue

PHILADELPHIA, PA 19121
  • $299,000
  • STATUS: Active Under Contract
  • ON SITE: 165 days
  • ID#: PAPH972186
Under Contract
UPDATED: 29 min ago
$299,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1915
County:

School Ratings & Info

Description

10+ cap just west of Temples campus. Just reduced, large 3-story CMX-1 corner property with ground floor commercial space and two 2-bedroom apartments upstairs. Tons of income potential in this blue-chip property located at a busy North Philly intersection. 1st floor commercial space is currently vacant with 2 separate entrances and access to the basement. Last tenant was renting just the back half of the space for $1,000/month. Vacant 2 bed, 1-bath apartments on the 2nd and 3rd floors are very large and should get $1,200/month when lightly renovated. They each have separate forced air HVAC systems with central air. These units are in decent shape and can quickly be rent-ready. Generate cash flow upstairs while you prepare the commercial space for your next tenant. Tons of exposure at a busy intersection with active beer distributor and grocery at other corners. Great long-term investment on a 17x80 lot. Do the math, conservative 10+ cap with potential to be a 14+ cap with the right tenants. Tremendous opportunity for a savvy investor. Schedule your showing, will not last!

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-13T07:51:33.76.
www.draytonyounggroup.com/homes/112897975
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2101 W Susquehanna Avenue PHILADELPHIA, PA 19121

  • Price: $299,000
  • Status: Active Under Contract
  • Updated: 29 min ago
  • ID#: PAPH972186
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1915
Built
Neighborhood:
North Phila West
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
10+ cap just west of Temples campus. Just reduced, large 3-story CMX-1 corner property with ground floor commercial space and two 2-bedroom apartments upstairs. Tons of income potential in this blue-chip property located at a busy North Philly intersection. 1st floor commercial space is currently vacant with 2 separate entrances and access to the basement. Last tenant was renting just the back half of the space for $1,000/month. Vacant 2 bed, 1-bath apartments on the 2nd and 3rd floors are very large and should get $1,200/month when lightly renovated. They each have separate forced air HVAC systems with central air. These units are in decent shape and can quickly be rent-ready. Generate cash flow upstairs while you prepare the commercial space for your next tenant. Tons of exposure at a busy intersection with active beer distributor and grocery at other corners. Great long-term investment on a 17x80 lot. Do the math, conservative 10+ cap with potential to be a 14+ cap with the right tenants. Tremendous opportunity for a savvy investor. Schedule your showing, will not last!
Exterior Features

Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3081.00 Cooling Central A/C Heating Forced AirBaseboard - Electric Heating YN Yes Net Square Feet 3081.00

Property Features

Accessibility Features None Annual Gross Expense 10000.00 Assessment Year 2021 Association YN No Business Type Convenience Store/GasHair Salon And SpaOther/General RetailProfessionalSupermarket/Grocery StoreOther Central Air YN Yes Cooling Fuel Electric Cross Street 21st Gross Income 52800.00 Heating Fuel Natural GasElectric Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N Net Operating Income 42800.00 New Construction YN No Number Of Units Total 3 Original MLSNumber 304425494410 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 2618.00 Tax Assessment Amount 187000.00 Tax Lot 113 Total Actual Rent 52800.00 Vacation Rental YN No Water Source Public Zoning Cmx1

Listing courtesy of Keller Williams Philly.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-13T07:51:33.76.
 
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