MLS® ID: PAPH805928

507 W GIRARD AVENUE

PHILADELPHIA, Pennsylvania, 19123

$1,550,000 Pending
  • - SQFT
Amazing turn-key investment opportunity located right off the busy commercial corridor of Girard Ave. This 8 unit building is fully occupied and tastefully rehabbed, currently bringing in $122,760 in gross annual rents. All of the residential units offer modern high-end finishes such as exposed brick, hardwood floors, stainless steel appliances, and much more. The unit breakdown is three 2 bedrooms 1 bathroom, four 1 bedroom 1 bath, & a 1,200 sq ft commercial unit. Rents are currently under market and can be increased. There are 2 coin-operated washers & 4 dryers located in the building which bring in additional income and are used by all the tenants from 507-517 W Girard Ave. The commercial tenant recently signed a new 5-year lease with an annual increase to bring the rent up to $2,000 on the 5th year. Contact listing agent for offering memorandum.
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Listing courtesy of BHHS Fox & Roach-Center City Walnut

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19123
  • Office name
    BHHS Fox & Roach-Center City Walnut
  • Subdivision
    NORTHERN LIBERTIES
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Commercial Sale
  • Zoning type
    CMX2
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    1915
  • Lot size
    0.07
  • Sewer
    Public Sewer
  • Heating
    Forced Air
  • Agent name
    Jason L Rabinovich
  • Purchase Type
    Active
  • Price Range
    $1.5m-$1.75m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    61039
  • Agent ID
    3186512

Location

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