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1501-1503 S 8TH Street

PHILADELPHIA, PA 19147
  • $589,000
  • STATUS: Active
  • ON SITE: 155 Days
  • ID#: PAPH1021616
$589,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

Great commercial investment opportunity! 2 buildings sold as a pair. 1501 S 8th street 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!

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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 Sail Lake Realty. 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: 2021-10-27T23:50:48.69.
www.saillakerealty.com/homes/117572341
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1501-1503 S 8TH Street PHILADELPHIA, PA 19147

  • Price: $589,000
  • Status: Active
  • ID#: PAPH1021616
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1920
Built
Neighborhood:
Bella Vista
County:
Philadelphia
Area:
19147 (19147)
School District:
The School District Of Philadelphia
Property Description
Great commercial investment opportunity! 2 buildings sold as a pair. 1501 S 8th street 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!
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 3220.00 Cooling Window Unit(S) Exclusions Business Not included. Tenants Ac Window Units Not included. Heating Hot Water Heating YN Yes Net Square Feet 3220.00

Property Features

Accessibility Features None Assessment Year 2021 Association YN No Business Type OtherApartment BuildingRestaurant/BarOther/General Retail Central Air YN No Cooling Fuel Electric Cross Street Dickinson Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 304624510253 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 3490.00 Tax Assessment Amount 249300.00 Tax Lot 62 Total Actual Rent 53145.00 Vacation Rental YN No Water Source Public Zoning Cmx1

Listing courtesy of Bhhs Fox & Roach-Center City Walnut.


©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 Sail Lake Realty. 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: 2021-10-27T23:50:48.69.
 
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