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Coldwell Banker Diamond Realtor*
Rockledge, Huntingdon Valley |
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| Dr Hanh Vo |
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Email Dr Hanh |
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Phone: |
2153792002 x 67 |
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Cell: |
2676642689 |
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Fax: |
2156639685 |
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Address:
3601-23 N. 22nd street
Type: Commercial
Style: 2 Story "brick"
Basement: Yes
Size: 11,500 sq. ft.
Lot Type: Rectangular
Lot Size:
0.13 acres
Taxes: $5,950.00 (2006)
MLS®: 5126263
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Solid 11250 sqft strip mall is located in a crowded area of North Philly. 7 upstairs apartments are fully rented, Rent from 475-520/month (total upstairs 3370/month) each of them has windows, kitchen, 1 large bedroom, living room, central air, separate utilities, common laundry on 2nd floor, and all make an easy living. 6 stores on ground floor are also rented. 2 anchor stores are grocery stores 1010/month and an eat-in take out restaurant (600/month); they are long term lease tenants with rent increase 5 per cent yearly. 4 other stores are also rented by a barber shop, a T shirt store, A cold cut sandwich, and a beauty salon (Total ground floor is 4110/month. Rent total 7480/month owner pays cold water and common electric. Make a calculation and appreciate an excellent positive cash flow to invest. Make a calculation and appreciate
Taxes/Yr: 5950 / 2007
Assessment 72000
Lot Information
Acr/SqFt 0.13 / 5,625
Lot Dim 225X25
Financial Information
Gross Ann Inc $89760
Total Ann Exp $18,000
Net Operating Inc $71760
Cap Rate 10.01
Ann Elec Exp $300
Ann Wtr/Swr Exp $2,500
Ann Ins Exp $6,000
Ann Maint Exp $1,000
Ann Other Exp $200
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