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.
Courtesy Of BHHS Fox & Roach-Center City Walnut
Listing Status: Contract Pending
Year Built: 1915
School District: THE SCHOOL DISTRICT OF PHILADELPHIA