School District: The School District Of Philadelphia
Address: 4859 FAIRMOUNT AVE
This two unit property has:
1st FL & Basement Unit: Consist of a operating Beauty Salon Located on the 1st Floor. (780 SF) with access and exclusive use of the Basement (780 SF including the estimated 300 SF+/- Finished portion of same) that has been finished for it's current use as additional Hair Salon work stations . The combined Finish space is estimated at 1,080 SF + the Unfinished portion of the Basement (480 SF) for a total use of space estimated to equal 1,560 SF. Located Within the rear of the unfinished Basement space, is this unit's dedicated gas Force Warm Air Furnace and dedicated gas domestic hot water heater. This unit also has a 100-AMP Electric Circuit Breaker Panel dedicated to this unit. The Exterior entry into this unit is very welcoming, having a highly visible Canopy, large Store Front Commercial windows with tastefully designed Signage.
2nd FL Apt: The layout of the 2nd FL Apt is as follows: Entry of this apt consist of a two story foyer located at the rear of the building that provides direct access to the apt hallway located along the building party wall. Adjacent to the foyer is the Kitchen that has a Granite Countertop, SS Sink, Disposal, Newer Wall & Base Cabinets and a Top over Bottom W/D. Next to the Kitchen is the 2nd BR, Next to the 2nd BR is the Machine rm housing the apt's dedicated Separate Gas fired Force Warm Air Furnace and apt's Gas Domestic Hot Water Heat. In this machine rm, the unit also has a 100-AMP Electric Circuit Breaker Panel dedicated to this unit. , Next to the machine rm is the Hall Bath having a Tub/Show, Vanity, and Toilet. Next to the Hall Bath is the Master Bed Rm that has many windows. The Hallway, Foyer, and Bed rooms have W/W Carpeting. The Bath & Kitchen have non-Carpet flooring. This Apt is estimated to have approximately 780 SF of floor area on the 2nd Floor level. In addition to the interior space described for this apt, the rear paved yard of this property is fenced in and effectively appears to only service the use of this 2nd FL Apt.
In summary, the Tenants are responsible for paying their dedicated utilities for Gas, and Electric. The Owner is responsible for the Water, Sewer, Real Estate Taxes (Trash is a service typically provided by the City and funded via property owner's RE Taxes.).
The contract Rents for the two leases are both below market as follows:
2nd FL two Br & 1 Bath Apt = $800/mo + Utilities
1st FL & Basement Salon space = $1,000/mo + utilities
Property is being Sold in As Is condition.Any Property Inspections , if any, commissioned by Buyer is for Buyer's use only.
Seller shall not make any repairs.
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Courtesy of: Realty Mark Associates - KOP 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 January, 2022 2:46 AM
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