Listed By:
Home Max Realty
Address
1016 Cottman Avenue, Philadelphia, PA
Price
$ 1,680,000
Property Attributes
  • MLS#PAPH2094662
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19111
  • Zip19111
  • StyleContemporary
  • Year Built1950
  • Taxes$ 6241
  • Price$ 1,680,000
  • Bedrooms7
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.2 Acres
Data Source:
Bright MLS
Property Description

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .

Price History
3/17/2022 Listed $1,680,000

General Features

Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession 31-60 Days CD
Zoning CMX2
Pool Y/N No Pool
Architectural Style Contemporary
Construction Materials Masonry
Exclusions business leases and tenants' personal belonging
Year Built 1950
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 114300.00
OwnerPays Insurance,Repairs,Snow Removal,Taxes - Real Estate,Water
Accessibility 32 + wide Doors
County PHILADELPHIA
Net Operating Income 100559.00
Insurance Expense 2700.00
New Construction No
Property Type Multi-Family
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status ACTIVE
Directions use GPS
ModificationTimestamp 2024-05-01T00:28:56
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 3
MLS Area 19111 (19111)
Lot Size Square Feet 8750.00
Tax Assessed Value 445900.0
Waterfront Y/N No
Number of Units Leased 7
Street Name COTTMAN
Tax Annual Amount 6241.0
Trash Expense 500.00
Two Bedroom 2
Structure Type Over Storefront
One Bedroom Units Count 3
Acceptable Financing Cash,Other
Rent Control Y/N No
Vacation Rental Y/N No
Days on Market 777
Standard Status Active
Year Built Source Estimated
Tax Lot 145
Total Actual Rent 114300.00
Cap Rate 6.00
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Basement Front Entrance
Hot Water Natural Gas
Basement (Y/N) Yes
Heating Y/N Yes
Street Suffix AVENUE
Central Air Y/N Yes
LivingAreaSource Assessor

Exterior Features

Water Source Public
Type of Parking Parking Lot
Land Use Code CA0
Water View Y/N No
Lot Dimensions 70.00 x 125.00
Lot Size Acres 0.20
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 133770.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19111

Price
AVG $510K
$1.68M
Taxes
AVG $4,106
$6,241
Visits
AVG 178
1077
Data Provided by Inside Real Estate®
Year Built
AVG 1952
1950
Walkscore
AVG 82
82
Data Provided by Walkscore® not using MLS data