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Description

1916-18 is FOR SALE SEPARATE FROM 1914! 1916, and 1918 is a prime opportunity on one of the most bustling commercial corridors in Philadelphia. Triple Net Lease! Separate utilities! 1916-18 is a combined double property with a large double commercial store front and two large double sized 2 bedroom apartments. Commercial tenant is a triple net lease with renewal options and also with rent increases built in. The two apartments also share in the expenses - they pay their part of the water/sewer bill and trash. In 1916-18, tenants pay their own gas and electric. Rare opportunity! Act now!

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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 EXIT Realty Ocean City. 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: 2021-09-18T11:55:19.427.
www.exitrealtyoc.com/homes/113651246
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1916-18 E Passyunk Avenue PHILADELPHIA, PA 19148

  • Price: $1,499,000
  • Status: Active
  • Updated: 35 min ago
  • ID#: PAPH982540
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1915
Built
Neighborhood:
Passyunk Square
County:
Philadelphia
Area:
19148 (19148)
School District:
The School District Of Philadelphia
Property Description
1916-18 is FOR SALE SEPARATE FROM 1914! 1916, and 1918 is a prime opportunity on one of the most bustling commercial corridors in Philadelphia. Triple Net Lease! Separate utilities! 1916-18 is a combined double property with a large double commercial store front and two large double sized 2 bedroom apartments. Commercial tenant is a triple net lease with renewal options and also with rent increases built in. The two apartments also share in the expenses - they pay their part of the water/sewer bill and trash. In 1916-18, tenants pay their own gas and electric. Rare opportunity! Act now!
Exterior Features

Construction Materials Masonry Direction Faces East Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4189.00 Cooling Central A/CWall UnitDuctless/Mini-Split Exclusions Any And All Appliances Owned By Tenants And Personal Or Business Property Owned By Tenants Heating Hot WaterBaseboard - Hot WaterCentralForced AirRadiatorRadiant Heating YN Yes Inclusions Any And All Appliances in Lease Agreements And Owned By Landlords Net Square Feet 4189.00

Property Features

Acceptable Financing ConventionalCash Accessibility Features None Assessment Year 2021 Association YN No Business Type Other/General Retail Central Air YN Yes Cooling Fuel Electric Cross Street Mckean And Mifflin Sts. Entry Level 1 Gross Income 75675.00 Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 304458673774 Owner Pays Taxes - Real EstateInsurance Ownership Interest Fee Simple Possession ImmediateSubject To Existing Lease Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 9759.00 Tax Assessment Amount 697200.00 Total Actual Rent 75675.00 Utilities Cable Tv AvailableElectric AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning Cmx25

Listing courtesy of Century 21 Forrester Real Estate.


©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 EXIT Realty Ocean City. 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: 2021-09-18T11:55:19.427.
 
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