2 Story strip mall For Sale in Philadelphia County
6 appts, 7 stores
• 11,500 sq. ft. 2 story "brick" - $750,000 - Strip mall in Philly
Philadelphia County, Pennsylvania - Solid 11250 sqft strip mall in North Philly. 7 upstair appartments are fully rented, each of them has windows, kitchen, one large bedroom, livingroom, central air, separate utilities, common lawndry on 2nd floor, all make an easy living. 6 stores on 1st floor are also rented. Two anchor stores are a grocery stores and an eat-in take out restaurant, they are long term lease tenants. 4 other stores are also rented by a barber shop, a T shirt store, A coldcut sandwich, and a beauty salon. Make a calculation and appreciate an excellent opportunity to invest. the property is sale with as-is condition. Agent: Easy to show, strictly confidential, only show to qualified prospects who signed BFI and provide proof of fund.
RE Taxes/Yr: 5950 / 2007
Lot Information
Acr/SqFt 0.13 / 5,625
Lot Dim 225X25
Financial Information
Gross Ann Inc $78,000
Total Ann Exp $10,000
Net Operating Inc $68,000
Gross Rent Mult 9.62
Cap Rate 9.07
Ann Elec Exp $300
Ann Wtr/Swr Exp $2,500
Ann Ins Exp $6,000
Ann Maint Exp $1,000
Ann Other Exp $200
Unit Information
Unit # Rooms Bedrooms Full Baths Part Baths Square Feet Occupied Rent Lease/Exp
1 1 1 0 Y 450
2 1 1 0 Y 450
3 1 1 0 Y 450
4 1 1 0 Y 450
5 1 1 0 Y 450
6 2 1 0 Y 500
7 2 1 0 Y 500
Property information
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