• 1059 VAN KIRK ST, PHILADELPHIA, Pennsylvania, 19149

  • $299,000
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.
$299,000
(215) 627 - 3500
1059 VAN KIRK ST
PHILADELPHIA
Pennsylvania
19149
PHILADELPHIA
Multi-Family
CableTVAvail
2.0
N
25X70
3
91Years
$2,207
PostedSeptember 27, 2017