1016 COTTMAN AVE, Philadelphia, PA 19111
1016 COTTMAN AVE, Philadelphia, PA 19111
1016 COTTMAN AVE, Philadelphia, PA 19111
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by Mike Chen • Home Max Realty
$1,680,000
Est. payment /mo
8,750 Sqft Lot
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2094662

Style Contemporary

Year Built 1950

Annual Tax Amount $6,241

Tax Year 2023

Lot Size 8,750 Sqft

Acres 0.2

Lot Dimensions 70.00 x 125.00

Property Sub-Type Other

Source BRIGHT

Property Description

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear.
This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills.
are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .

Location

State PA

County Philadelphia

Area 19111 (19111)

Zoning CMX2

Rooms

Basement Front Entrance

Interior

Hot Water Natural Gas

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 32\"+ wide Doors

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881223990

Ownership Fee Simple

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Graceann Tinney

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from The Graceann Tinney Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1016 COTTMAN AVE

QUICK SEARCH
There are 45 quick searches