6522 Lebanon Ave, Philadelphia, PA 19151
- $1,148,000
- List Price
- $1,148,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- PAPH2669256
- Lot Size (Acres)
- 0.12
- Year Built
- 1925
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
Turnkey 8-Unit Cash Cow delivering Powerful 9.29% Cap Rate with room to increase. **Prime CMX-2 Mixed-Use Investment Opportunity in Overbrook Farms section of Philadelphia. **Invest in immediate cash flow with this stabilized, fully leased 8-unit portfolio asset offering 6 apartments, 1 medical/rehabilitation center and 1 daycare facility. **Anchored by established commercial and residential tenancy, this commanding stone corner property delivers a powerful 9.29% Capitalization Rate from Day 1. **Fully rented with a proven track record of high occupancy. Meticulously maintained stone masonry structure. **CMX-2 zoning offers maximum flexibility for retail, medical office, and residential density. Situated in the heart of Overbrook Farms, a high-density neighborhood with strong demand for local services and housing and easy access to some of the region’s best outdoor areas such as Fairmount Park. Just a short drive to City Line Avenue, St. Joseph's University and Lankenau Medical Center. This is a rare opportunity to acquire a high-performing asset in a high-barrier-to-entry market. Perfect for 1031 Exchange buyers seeking passive income.
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Additional Information
- Area
- 19151 (19151)
- Taxes
- $8432
- Stories
- 3
- School District
- The School District Of Philadelphia
- Flooring
- Ceramic Tile, Hardwood, Laminated, Tile/Brick
- Heating
- Other, Hot Water
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C, Window Unit(s), Ceiling Fan(s)
- Utilities
- Electric Available, Natural Gas Available, Sewer Available, Water Available
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Elite Realty Group Unl. Inc.. Contact: 2153284800
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