***PRICE REDUCED*** WELCOME TO THIS 2 STORY CORNER, ONE OF A KIND ZONED MIXED-USE in THE HEART OF THE COBBS CREEK section of Philadelphia. Zoning allows for a commercial storefront or office on the first floor, and a 2 bedroom apartment on the 2nd floor. Current owner converted the 1st floor commercial space into another 1 bedroom apartment unit without a permit, BUT WILL CONVERT IT BACK TO IT'S ORIGINAL COMMERCIAL SPACE AT HIS OWN EXPENSE, once the property goes under contract. A variance may be applied for and obtained to switch the property use to a duplex through L&I. All Cash or Commercial financing required if variance not obtained. Buyer responsible for obtaining U&O. These two amazing and stunningly finished BETTER-THAN-NEW CONSTRUCTION units are calling their new owner or tenant with TOP NOTCH, HIGH END FEATURES that you have been dreaming of. This gorgeous two story house was well designed without wasting any space to maximize your rental income. Each unit has been generously designed for almost 2000 sq ft of living space, and offers a lot more than you'd expect. Top floor apartment has 2 generous bedrooms and 2 full baths that are nicely appointed, washer & dryer in unit, gorgeous kitchen with soft close cabinets, stainless steel appliances, granite counter tops, ceiling fans, and recessed lighting throughout. Hardwood laminate wood plank flooring throughout, stone accent wall, high end finishes, custom hardware, flat screen wall mounts, and tasteful fixtures. First floor apartment is very similar to the second floor unit, but has 1 bedroom and 1 full bathroom, but will be converted back to commercial/retail/office space once under contract. First floor rear of building office space consist of one main spacious room, with a separate bathroom, and a one car parking space is available for the office. Parking spot, is private off street in the back of the property, spot is a concrete driveway with surveillance camera on it. Brand new roof, plumbing, electrical, home security system for each unit, security screen doors, and double-hung, two pane replacement windows throughout. This entire property was gutted and remodeled from top to bottom last year, and has been fully rented until recently. Full basement is the length of the property, and is perfect for storage. 2nd floor unit is rented through December 2022 for $1500 per month. 1st floor unit rented for $1050 and the lease just ended. Office space rents month to month for $600 per month currently, and the parking space rents month to month currently for $200 per month. That's total monthly rents of $3200 per month, rents haven't been raised in the past year! QUALITY FINISH, LOW MAINTENANCE UNITS will give you a 9.76% CAP Rate. In the heart of Cobbs Creek it is almost impossible to find this type of Multi Family/Mixed Use with LUXURY TOP NOTCH FINISH UNITS and ALL AMENITIES THAT THESE UNITS OFFER.
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Courtesy of: Vanguard Realty Alliance LLC 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: 13th August, 2022 12:26 AM (UTC)
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