Phenomenal opportunity to own a neighborhood landmark in one of Philly's best locations. Investors or owner operators alike will recognize the rare chance to take possession of a building that represents a generational asset. The ground floor bar restaurant was gut renovated from the basement up to the main floor about 16 years ago and is virtually turnkey. It offers a full kitchen, sit down and bar service, outdoor seating and small bandstand. It will be delivered vacant. The buyer will be responsible for purchasing their own liquor license. The four 1 bedroom apartments are rarely vacant so contribute a reliable and predictable income stream to the investment or the owner/operator of the bar restaurant. The current owner offers 2 free laundry rooms to the residential tenants so additional revenue is possible if a new owner chooses to install coin operated units. There is also substantial upside with the residential rents. With cosmetic improvements to the apartments the rents could go as high as $1900 a month. Make your appointment today. You will not be disappointed.
Property Type(s):
Multi Family
|
Last Updated
|
9/5/2023
|
Neighborhood
|
FAIRMOUNT
|
|
Year Built
|
1920
|
Community
|
PHILADELPHIA
|
|
County
|
PHILADELPHIA
|
SCHOOLS
| School District |
THE SCHOOL DISTRICT OF PHILADELPHIA |
Price History
|
Prior to May 31, '23
|
$2,200,000 |
|
May 31, '23 - May 31, '23 |
$2,000,000 |
|
May 31, '23 - Jun 15, '23 |
$1,950,000 |
|
Jun 15, '23 - Aug 17, '23 |
$2,200,000 |
|
Aug 17, '23 - Sep 5, '23 |
$1,800,000 |
| Sep 5, '23 - Today |
$1,500,000 |
Additional Details
| AIR |
Central A/C |
| AIR CONDITIONING |
Yes |
| AREA |
PHILADELPHIA |
| BUYER'S BROKERAGE COMPENSATION |
2.5 |
| CONSTRUCTION |
Masonry |
| HEAT |
Forced Air |
| HOA DUES |
None |
| LOT |
2178 sq ft |
| LOT DIMENSIONS |
22.00 x 102.00 |
| SEWER |
Public Sewer |
| STYLE |
End of Row/Townhouse, Other |
| SUBDIVISION |
FAIRMOUNT |
| TAXES |
15487.00 |
| WATER |
Public |
| ZONING |
RM1 |
Location
Listing provided by Realty Mark Associates-CC
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Daly Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than The Daly Group are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2023 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 9/29/23 1:33 PM PDT
This IDX solution is (c) Diverse Solutions 2023.
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