School District: The School District Of Philadelphia
Address: 7442 OXFORD AVE
Neighborhood: Fox Chase
In real estate, location is key! This is the perfect opportunity for a smart business owner who wants to stop renting office space and would like to become their own landlord. Take advantage of the tax law and pay yourself rent! This is also the best option for an investor looking for cash flow and real estate appreciation. The property is located in the desirable neighborhood of Fox Chase, a three minute drive to Rhawnhurst, and 5 minutes to an upcoming police station headquarters. The property has a gorgeous colonial style and impressive entrance with appealing landscape that can get anyone's attention! In addition, the property has back parking space for up to 5 cars, plus a detached garage for 2 cars. Next to the garage you will find a gorgeous space with grass and trees for the perfect BBQ during the summer. The central air was installed recently, the water tanks are around 8 years old but well maintained, and the roof was installed in 2009 - not to mention all certificates were obtained from the city! It is a golden opportunity as the property has two apartments on the second floor and each unit has one bedroom and the kitchens have brand new cabinets. The long term tenants are paying on a monthly basis and one of them is leaving by the end of November. Currently the front apartment is $625/mo and the back apartment is $500/mo; rents do not include utilities. For investors familiar with the area, the rent is low and it could easily be increased. The rent could go between $800 to $1,100 per month. The first level has three office spaces, one full bathroom, a hallway for the receptionist and the waiting room for clients. In addition, the basement is pretty big and is perfect for storage space! This property will be sold in "as-is" conditions. The property is zone for a professional service business, other type of businesses will have to go through a variance.
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Courtesy of: Keller Williams Philly Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 22nd September, 2021 4:04 AM
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