507 W Girard Avenue, Philadelphia, PA 19123

$1,700,000
List Price
$1,700,000
Days On Market
6
Status
ACTIVE
MLS#
PAPH805928
Lot Size (Acres)
0.07
Year Built
1915
County
Philadelphia

Property Description

Amazing turn-key investment opportunity located right off the busy commercial corridor of Girard Ave. This 8 unit building is fully occupied and tastefully rehabbed, currently bringing in $122,760 in gross annual rents. All of the residential units offer modern high-end finishes such as exposed brick, hardwood floors, stainless steel appliances, and much more. The unit breakdown is three 2 bedrooms 1 bathroom, four 1 bedroom 1 bath, & a 1,200 sq ft commercial unit. Rents are currently under market and can be increased. There are 2 coin-operated washers & 4 dryers located in the building which bring in additional income and are used by all the tenants from 507-517 W Girard Ave. The commercial tenant recently signed a new 5-year lease with an annual increase to bring the rent up to $2,000 on the 5th year. Contact listing agent for offering memorandum.

Additional Information

Area
19123 (19123)
Subdivision
Northern Liberties
Taxes
$7454
Heating
Forced Air
Heating Fuel
Electric
Cooling
Central A/C
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of BHHS Fox & Roach-Center City Walnut.

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