2 Story For Sale in North Philadelphia
7 appts, 6 stores
• 11,500 sq. ft. 2 story "brick" - 
MLS® $700,000 - Full Rent Strip mall
North Philadelphia, Philadelphia - 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, Tax, 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
Property information