Property Details

For Sale

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1501-03 S 8TH STREET, PHILADELPHIA, PA 19147

Multi-Family Home
5 Bedrooms
2 Bathrooms
3220 Sq Ft

$589,000

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BELLA VISTA COMMERCIAL OPPORTUNITY!

Great commercial investment opportunity! 2 buildings sold as a pair. 1501 S 8th street includes a first floor currently leased by a well respected long-term tenant, the famous Cosmi's Deli founded in 1932. The currently leased 3-bedroom apartment above includes a generous size living room, eat-in kitchen, wood floors, spacious bedrooms and closets. 1503 S 8th is a 2 bedroom single family home, currently rented. 1st floor has a living room, an open concept kitchen, 2nd floor has two bedrooms, one being utilized as a home office. Brand new Firestone rubber roof recently put on 1501 S 8th street ($5500 value), with a transferrable warranty! Located in popular Bella Vista, this central location is extremely walkable with great foot traffic and easily rentable. Gross annual income is $53,145. Tenants pay utilities, Commercial tenant pays utilities, U&O, and pro rated real estate taxes too. Business on the 1st floor of 1501 is NOT included in the sale, just the building. Strong rents, great location, prime opportunity for the savvy investor!

Details

Year Built: 1920
Lot Size:
Stories: 3
Garage: No
MLS ID: PAPH1021616
County: PHILADELPHIA
Subdivision: BELLA VISTA
Community:

Features

CURRENTLY LEASED, LONG TERM TENANTS
GROSS ANNUAL INCOME $53,145
GENEROUS SIZED LIVING SPACES
WELL MAINTAINED
CENTRAL LOCATION, VERY WALKABLE

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