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    6529 Rising Sun Avenue

    PHILADELPHIA, PA 19111
    • $365,000
    • STATUS: Active
    • ON SITE: 181 Days
    • ID#: PAPH1010476
    UPDATED: 2 min ago
    $365,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    Description

    Great investment opportunity on Rising Sun Ave a busy and heavy traffic street! Nearby many restaurants, shops and public transportation. Both apartments recently updated in 2020 and just leased with lease starting in 4/1/2021. Current rent for Apartments are below the market price and has room for more financial potential. Daycare has long term tenant that consistently pay the rent on time. Daycare lease "expires" 9/30/2024 - it has automatic renewal clause for additional 5 years. Owner only pay for water, Tenants pay for the other utilities.

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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: 2021-10-23T06:58:01.737.
    www.saillakerealty.com/homes/116448752
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    6529 Rising Sun Avenue PHILADELPHIA, PA 19111

    • Price: $365,000
    • Status: Active
    • Updated: 2 min ago
    • ID#: PAPH1010476
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1950
    Built
    Neighborhood:
    19111 (19111)
    County:
    Philadelphia
    Area:
    19111 (19111)
    School District:
    The School District Of Philadelphia
    Property Description
    Great investment opportunity on Rising Sun Ave a busy and heavy traffic street! Nearby many restaurants, shops and public transportation. Both apartments recently updated in 2020 and just leased with lease starting in 4/1/2021. Current rent for Apartments are below the market price and has room for more financial potential. Daycare has long term tenant that consistently pay the rent on time. Daycare lease "expires" 9/30/2024 - it has automatic renewal clause for additional 5 years. Owner only pay for water, Tenants pay for the other utilities.
    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 2331.00 Cooling Window Unit(S) Exclusions Tenant's Personal Property. Heating Hot Water Heating YN Yes Inclusions WasherDryerRefrigerator All in "As-Is" Condition. Net Square Feet 2331.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features Level Entry - Main Assessment Year 2021 Association YN No Business Type Apartment BuildingDay Care Facility Central Air YN No Cooling Fuel Electric Gross Income 32400.00 Heating Fuel Natural GasElectric Hot Water Natural Gas Incorporated City Name Philadelphia Insurance Expense 1719.00 Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 7 Original MLSNumber 304575432984 Other Expense 2707.21 Owner Pays WaterSewer Ownership Interest Fee Simple Possession ImmediateNegotiableSettlement Property Sub Type Mixed Use Sale Type Standard Sewer Public SepticPublic Sewer Tax Annual Amount 2707.00 Tax Assessment Amount 193400.00 Tax Lot 281 Total Actual Rent 32400.00 Vacation Rental YN No Water Source Public Year Built Effective 2020 Zoning Cmx1 Zoning Description Cmx-1 Neighborhood Commercial Mixed-Use-1

    Listing courtesy of Realty Mark Associates-Cc.


    ©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: 2021-10-23T06:58:01.737.
     
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