6728 Old York Rd - Residential Income FOR SALE


Philadelphia, PA 19126- Oak Lane-East Oak Lane
$799,000 USD
215-327-4709

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$799,000 USD
Residential Income - FOR SALE
null | Request Cap Rate

6728 Old York Rd
Philadelphia, PA 19126
Oak Lane-East Oak Lane


OVERVIEW

Fully leased Investment Opportunity. 6728-30 Old York Rd, this mixed use building has a ground-floor commercial space and (2) two-bedroom/1 bath apartments on the upper floors with washer and dryer. The Commercial space is currently leased to a successful restaurant tenant at $5,834 NNN through 2028 (with option to renew) and a 3% annual increase in rent. High traffic count and visibility. NNN lease on the commercial space. Real estate taxes are paid by tenant upon renewal following initial sixty-month term. Both apartments feature: (2) bedrooms, 1 full bathroom, stainless steel kitchen appliances & washer/dryer in units. Second floor has an outdoor space. 3rd floor is leased at $1,550/month through 11/30/2025 & 2nd floor is $1,450 a month. Each unit is separately metered & tenants pay all utilities. The building is located in a Qualified Opportunity Zone (QOZ), possible tax benefits for investors to defer or eliminate federal taxes on capital gains. Great location and fully occupied

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$201 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,764 SF

ZONING

CMX2

APN/PARCEL ID

871257950

ASK ABOUT THIS PROPERTY

Evan WaltonAddison Wolfe Real EstateMore Info
215-327-4709

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Evan WaltonAddison Wolfe Real EstateMore Info
215-327-4709

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.