This great investment opportunity in the heart of vibrant South Street is a mixed use property featuring a first floor commercial space and second and third floor one bedroom apartments. The commercial space currently has a tenant on a month-to-month lease paying $1,500 a month. The second floor tenant is approaching the end of lease term in July and paying $1,100 a month rent. The third floor just became vacant. All three units are on one water meter. Property is zoned CMX2, and can be used for various small scale commercial and residential mixed use. Possible uses are professional office, medical office, pets and pet supplies, etc. This value-added property is being sold as-is and with the some renovations can command upside potential in rents and equity due to proximity to Graduate Hospital, Queen Village and Center City.
Listing courtesy of RE/MAX @ HOME - Philadelphia.
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