$ 838,000
-
$838,000
Price -
0
Bed -
0
Bath -
3,948
SqFt
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About the Listing REDDORRE - 3130607
Rarely offered, fully renovated 4-unit mixed-use property with long-term residential and commercial tenants. This property boasts modern amenities with high-quality finishes throughout! This fully sprinklered building features three upscale 1-bedroom, 1-bath apartments and a long-term medical tenant on the ground floor, ensuring steady rental income. Key Investment Highlights: ✔ Strong 8.1% Cap Rate – High-yield, income-producing asset ✔ Tax Abatement – 1 Year Remaining ✔ 100% Occupancy with Cash Flow – Long-term residential & commercial tenants ✔ Turnkey Condition – Low-maintenance, modern construction ✔ High-Demand Location – Steps from Aramingo Ave, I-95, transit, and retail hubs ✔ Quality Upgrades – Tankless water heaters, sliding glass shower doors, central air, LED lighting, granite countertops, tile flooring, stainless steel appliances ✔ Fire & Safety Compliance – Fire alarm monitoring & annual system maintenance ✔ Transferrable Roof Warranty – Added long-term value This prime investment property offers a rare opportunity to acquire a stabilized, low-maintenance asset in a rapidly growing area. Perfect for 1031 exchange and portfolio investors! Location Perks: Close to public transportation, restaurants, retailers, hospitals, schools, parks, fitness centers, I-95, and just minutes from downtown. Don't miss this highly desirable, fully occupied asset The property generates an annual rent of $84,000 and is separately metered for electricity. This property offers a lot, including streamlined rental payments, secure waste management, and maintenance services. Don't miss out on this income-generating gem!
Listing Highlights
Status
Active
Days on Site
5
Property Type
Commercial Sale
MLS ®
PAPH2637228
Year Built
1920
Total Square Footage
3,948
Lot/Acreage
0.05
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor: Ceramic Tile,Laminate Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 50.00 x 42.00
- Zoning: ICMX
- Roof: Flat,Rubber
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $7,133
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Questions About..
2317 E Westmoreland St Philadelphia, PA 19134
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