$175,000
$185,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
2,070 SqFt
SOLD DATE : 01/08/2024
Key Details
Sold Price $175,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,070 sqft
Price per Sqft $84
MLS Listing ID PAPH2301366
Sold Date 01/08/24
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $1,551
Tax Year 2018
Lot Size 1,824 Sqft
Acres 0.04
Property Description
Discover an exciting investment opportunity! 5018 N 5th St. is a well maintained, mixed-use duplex located in Philadelphia's Olney neighborhood. The ground and basement levels offer a commercial space that has held the same tenant, a take out restaurant, since 2010 and attracts a steady flow of foot traffic. This space is currently leasing for $1,200 a month. The residential unit on the 2nd floor, features a well-maintained 1 bedroom apartment that is currently occupied and rents for $825 a month. This property brings immediate income stream with the potential for increased returns bringing in a combined $2,025 a month. The location is well-connected with easy access to public transportation, major roadways, and proximity to downtown Philadelphia, providing convenience for residents and businesses.
Location
State PA
County Philadelphia
Area 19120 (19120)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Radiant
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871575790
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Lina Balanta • Giraldo Real Estate Group
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Broker-Owner | Lic# RM423246