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Key Details
Sold Price $399,900
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,124 sqft
Price per Sqft $188
Subdivision Lawndale
MLS Listing ID PAPH2092108
Sold Date 05/19/22
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $2,126
Tax Year 2022
Lot Size 2,415 Sqft
Acres 0.06
Lot Dimensions 37.00 x 102.00
Property Description
Welcome to 6200-2 Shelbourne Street! This triplex features two residential units and one commercial space on the ground level that is currently being leased as a salon. The commercial space comes equipped with two separate parking spots. The commercial unit was fully renovated 2-3 years ago and features new flooring, new systems and updated fixtures throughout! There is a separate entrance along the side of the building to access the commercial space. At the front of the building, there is private access to the residential spaces where you will find two 1 bedroom, 1 bathroom units. Unit 1 has an open-floor concept with a large living space, storage, hardwood flooring throughout, some cosmetic upgrades, new bathroom sink, newer gas range, and brand new furnace and water heater that were installed in 2021. Unit 2 also has an open floor layout, extra storage, new vinyl flooring throughout, some electrical and plumbing upgrades, newer gas range and additional cosmetic updates throughout. Come quick because this investment or owner-occupied opportunity will not last long. Cap rate is roughly a 7% to 8% return with current rents.
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Radiant
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 353197505
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with Ugochukwu U Opara • United Real Estate
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John Martinich
Co-Owner | License ID: VA-0225221526
Co-Owner License ID: VA-0225221526