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Patty & Kenny Smallwood
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301-332-3876
smllwd@verizon.net
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New FOR SALE
$255,000

4914 Lancaster Avenue
Philadelphia, PA 19131

General Commercial
Commercial
0.03
Acre Lot
Courtesy: KW Empower, vicki@kwempower.com
Home> Pennsylvania> Philadelphia> 19131
Prime Investment Opportunity: Mixed-Use Property Just Blocks from Major Development Seize the opportunity to invest in this strategically located mixed-use property, situated just two blocks from major development on Lancaster Ave. in West Philly. This CMX2-zoned gem offers 2 residential and 1 commercial space, providing a solid foundation for steady cash flow and future growth. Property Overview: Residential Units: Two Well-Maintained Units: Each residential unit features 1 bedroom and 1 bathroom, generating a reliable monthly income of $1,580. Both units are turnkey and in excellent condition, with stable, high-quality tenants in place. Commercial Space: The commercial space, situated on the ground floor, is ready for rehab and presents a fantastic opportunity to enhance its value. Once renovated, it has the potential to command a monthly rent of $1,800. Current Total Rent Roll: $1,580 (residential) Pro Forma Rent Roll: $4,000 (with commercial space rental and market rents) This property can be sold individually or as part of a package deal with 4910 Lancaster Ave (MLS# PAPH2358290) at a significant discount. Combined Active Rent Roll for Both Properties: $5,195 Combined Pro Forma Rent Roll with Renovations: $9,200 (after modest improvements such as updating floors, kitchen, and bathrooms) Major csh flow is calling, Reach out for a detailed pro forma or to schedule a tour.
PAPH2392644
General Commercial
PHILADELPHIA
PHILADELPHIA
1925
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0.03 Acres
Electric Water Heater, Public Water Service
Public Sewer
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Courtesy: KW Empower, vicki@kwempower.com
This content last refreshed on 9/17/2024 4:20 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.