Homes for sale - 5510 N 5TH ST, Philadelphia, PA 19120

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Michael Davis

michael@mdavisismyrealtor.com +1(302) 300-2300

$ 190,000

Est. payment | -/mo

1,350 SqFt

Save

$ 190,000

Est. payment | -/mo

Save

1,350 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,350 sqft

Price per Sqft $140

MLS Listing ID PAPH2433856

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $2,168

Tax Year 2019

Property Description

Welcome to the very busy and dense area of N 5th St. There are lots of walk by traffic and this retail currently boasts of a tenant that pays $1,592/ month (includes water, trash tax) 3 year lease with a 3 year option that has $50 increases each year for the next 2 years 8 months with a 3 year option. The CAP rate is at 9.5%. Investor's dream with a solid paying tenant, never late, and a great gentrifying area.

Location

State PA

County Philadelphia

Area 19120 (19120)

Zoning CMX2.

Interior

Hot Water None

Heating None

Cooling None

Flooring Laminated

Heat Source None

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882965570

Ownership Other

Special Listing Condition Standard, Other

Listed by Michael Choe • New Investment Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(302) 300-2300

michael@mdavisismyrealtor.com

1050 Industrial Dr #110, Middletown, Delaware, 19709, USA

5510 N 5TH ST Philadelphia, PA 19120