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1059 VAN KIRK ST, Philadelphia, Pennsylvania

$299,000Active

1059 VAN KIRK ST, Philadelphia, Pennsylvania 19149
Keller Williams Realty Center City - MLS® ID: 7059376

Property Details

1059 VAN KIRK ST, Philadelphia, Pennsylvania 19149 - Investor Entrepreneur Alert: Established Mixed-Use Commercial Property For Sale on a prominent corner with high traffic counts in the Oxford Circle Area of Philadelphia. Good for either owner-occupant or investor. Total Annual Income: $37,744, 5% Residential Vacancy, 20% Expenses, NOI $29,882, ROI is 21% of 75% LTV investment. DSCR is 2.13. This leveraged model generates a 10% CAP at the asking price. The property contains one one-bedroom (Section-8) and one studio apartment, both with hardwood floors, good kitchen, and bath, electric heat; plus one 1,275 SF commercial retail space actively used as a pizzeria. Separate meters. Essentially, the present residential income covers the mortgage, so the commercial component can be managed as the money-maker. Sale of real estate only, no commercial fixtures. Existing commercial tenant is open to a negotiable exit or a renewed multi-year lease. Manifest your dream. Call for additional details, property brochure or appointment.

Amenities

  • Zip19149
  • CountyPhiladelphia
  • SQFT2400
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • Zoning typeRM1
  • School districtPhiladelphia
  • Year built1925
  • Lot size0.04
  • SewerPublic Sewer
  • Tax amount$2,207.00
  • Tax year2017
  • Office IDKELWLMCC
  • Agent ID60014047
  • Agent nameCharles Balducci
  • MLS® ID7059376

Broker: Keller Williams Realty Center City

Listing Courtesy of Keller Williams Realty Center City

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“Chris did a terrific job helping me to find just the right home and holding my hand all through the process of buying a home. Chris was always avaiable on the momentary notice to address any issue, large or small; and many times i had to wonder if he ever takes a break. I would recommend Chris for any real estate needs in a heartbeat!!! Thank you The Somers Team!”

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