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Address

5407 Market Street Philadelphia, PA

Type

Pending

Price

$ 65,000

Property Attributes

MLS#1000427079
TypePending
CountyPHILADELPHIA
CityPhiladelphia
Area19139
NeighborhoodWEST PHILADELPHIA
Zip19139
Style
Year Built1925
Taxes938
Price$ 65,000
Bedrooms2
Full Bathrooms0
Half Bathrooms0
Lot Size871 SqFt

Listing Provided Courtesy Of:

Realty Xpress

Property Description

INVESTOR ALERT!!! Nice 2 story Duplex/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 Train) and there is plenty of parking in front of and around the building. Currently: First floor is leased to a Hair Salon that pays $750 monthly rent promptly. 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. 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. For the right buyer this could be a great way to live rent free and have 1st floor store tenant rent pay your mortgage. 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.

Price History
10/5/2018	Listed $65,000

General Features

Accessibility	Mobility Improvements
Architectural Style	Other
Construction Materials	Stucco, Brick
Cooling	Wall Unit
County	PHILADELPHIA
Electric Expense	0.00
Exterior Features	Sidewalks, Street Lights
Facing Direction	South
Garage Y/N	No
Heating	Electric
High School District	THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area	19139 (19139)
New Construction	No
Other Structures	Above Grade
Other Units	Unit 1, Unit 2
Ownership	Fee Simple
Parking Features	Street
Possession	Immediate
Price Per Sq Ft	47.17
Property Attached Y/N	Yes
Property SubType	Duplex
Property Type	Multi-Family
Real Estate Owned Y/N	No
Roof	Flat
Sewer	Public Sewer
Structure Type	Detached
Subdivision Name	WEST PHILADELPHIA
Tax Annual Amount	938.0
Tax Lot	130
Tax Year	2018
Two Bedroom	1
Vacation Rental Y/N	No
Water Access Y/N	No
Zoning	CMX2

Interior Features

Air Conditioning Y/N	Yes
Basement	Full, Unfinished
Basement Y/N	Yes
Central Air Y/N	No
Fireplace Y/N	No
Heating Fuel	Electric
Heating Y/N	Yes
Hot Water	Electric
Laundry Type	None
Living Area	1378

Exterior Features

Lot Dimensions	16X66
Lot Size Acres	0.02
Lot Size Square Feet	1048.00
Navigable Water Y/N	No
Pool Y/N	No Pool
Type of Parking	On Street
Water Oriented Y/N	No
Water Source	Public
Water View Y/N	No
Waterfront Y/N	No