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$525,000

Est. payment - /mo

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5,934 SqFt

Active

6634 WOODLAND AVE Philadelphia, PA 19142

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Michelle McMaster

michelle@saillakerealty.com +1(856) 335-5586

UPDATED:

08/25/2024 11:00 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,934 sqft

Price per Sqft $88

MLS Listing ID PAPH2360526

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $4,567

Tax Year 2024

Lot Size 2,300 Sqft

Acres 0.05

Lot Dimensions 23.00 x 100.00

Property Description

A rare opportunity to own a mixed-use building on one of the most desirable commercial corridors in Southwest Philadelphia. This exceptional property features two commercial spaces on the first floor and four apartments above. The second floor hosts two apartments, and the third floor has two additional apartments, each consisting of two bedrooms and one bathroom. One of the third-floor apartments has access to the roof, offering the potential to build a rooftop deck.

The basement, accessed via a side entrance, houses the heaters for all units. All utilities are separated except for water. Most units have been recently updated. The front commercial unit rents for $1,400 per month, the rear commercial unit for $900 per month, and the apartments each rent for $800 per month. Currently, one apartment unit is vacant.

The current rents are below the average for the area, providing the new owner with an opportunity to increase cash flow and property value by adjusting the units to market rent. This property is priced to sell. Don’t miss out on this incredible opportunity!

Location

State PA

County Philadelphia

Area 19142 (19142)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Sewer No Septic System

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871188950

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Jamal Pitts • All Access Realty

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Michelle McMaster

Broker | License ID: 1542221

+1(856) 335-5586

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6634 WOODLAND AVE Philadelphia, PA 19142

Michelle McMaster

Key Details

Location

Interior

Exterior

Building

Schools

Others

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6634 WOODLAND AVE