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2851 N 5TH ST Philadelphia, PA 19133
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Key Details
Sold Price $210,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2336812
Sold Date 10/28/24
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $1,577
Tax Year 2023
Lot Size 1,044 Sqft
Acres 0.02
Lot Dimensions 18.00 x 58.00
Property Description
11 CAP INVESTMENT FOR YOU! Incredible investment opportunity awaits you on the shopping corridor of 5th street in the "Golden Mile" or "Bloque de Oro" location. This Mixed Use property runs street to street and includes a rear lot at 2854 N Orkney St. This lot is currently fenc-ed in to allow for secure 2 car parking and loading/unloading of merchandise through the rear entrance. The property offers a retail space on the 1st floor and a spacious 4 bedroom 1 bath apartment on the 2nd and 3rd floor with separate entrances and separate utilities.
Both units are currently occupied by the same tenant under a 6-year remaining triple net lease, collectively earning $2,320 per month with a 3% annual increase.
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning CMX25
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street, Driveway
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871101300
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Sharyn Soliman • Keller Williams Real Estate-Blue Bell
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