3301 N FRONT ST, Philadelphia, PA 19140
3301 N FRONT ST, Philadelphia, PA 19140
3301 N FRONT ST, Philadelphia, PA 19140
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Listed by Peter Han • PK PROPERTY INC.
$319,000
Est. payment /mo
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1,413 Sqft Lot
Active

3301 N FRONT ST Philadelphia, PA 19140

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Michelle McMaster

Michelle McMaster

+1(856) 335-5586

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2586074

Year Built 1935

Annual Tax Amount $2,498

Tax Year 2025

Lot Size 1,413 Sqft

Acres 0.03

Lot Dimensions 18.00 x 79.00

Property Sub-Type Retail

Source BRIGHT

Property Description

This building is 3 stories with a basement and the first floor is currently occupied by a tenant who is operating Grossly business the store is well decorated and there is a retail unit on the first floor and a two-bedroom apartment on the second floor and a two-bedroom apartment on the third floor, for a total of three units. However, the retail unit on the first floor still has six years left on its lease and is currently paying $1,400 in rent and paying all utilities.  The second floor is perfectly furnished. It's currently empty and currently being marketed for $1,000. The third floor has a two-bedroom apartment tenan has been there for over 10 years. They're paying $650 a month, plus all utilities. So, if you rent out the second, first, and third floors, that comes out to $36,000 a year. The landlord's expenses include $2,498 in building taxes and $2,000 in building insurance, for a total of about $4,500. Subtracting those costs, you get $31,500 a year in net rental income. That's about a 10% annual income. The third floor is also very cheap. It could be a good investment.

Location

State PA

County Philadelphia

Area 19140 (19140)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Utilities Available Electric Available, Natural Gas Available, Multiple Phone Lines, Sewer Available, Water Available

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871071800

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Negotiable

Listing Terms Cash, Conventional, Negotiable

Financing Cash,Conventional,Negotiable

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Michelle McMaster

Michelle McMaster

Broker | License ID: 1542221

+1(856) 335-5586

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3301 N FRONT ST

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