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6518-22 Lebanon Avenue

PHILADELPHIA, PA 19151
  • $1,300,000
  • STATUS: Active
  • ON SITE: 81 Days
  • ID#: PAPH2276786
UPDATED: 208 min ago
$1,300,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

Exceptional investment prospect featuring 6 one-bedroom residential units and 2 commercial retail spaces. Currently at full occupancy, this property boasts a 7.756 cap rate and an NOI slightly above $100k.Each residential unit offers 1 bed and 1 bath, presenting potential for rent augmentation and the possibility of expansion into larger living spaces.Situated in the tranquil neighborhood of Overbrook Park, Philadelphia.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-01T23:52:20.093.
www.paulacashion.com/homes/143300114
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6518-22 Lebanon Avenue PHILADELPHIA, PA 19151

  • Price: $1,300,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 208 min ago
  • ID#: PAPH2276786
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1925
Built
Neighborhood:
19151 (19151)
County:
Philadelphia
Area:
19151 (19151)
School District:
The School District Of Philadelphia
Property Description
Exceptional investment prospect featuring 6 one-bedroom residential units and 2 commercial retail spaces. Currently at full occupancy, this property boasts a 7.756 cap rate and an NOI slightly above $100k.Each residential unit offers 1 bed and 1 bath, presenting potential for rent augmentation and the possibility of expansion into larger living spaces.Situated in the tranquil neighborhood of Overbrook Park, Philadelphia.
Exterior Features

Construction Materials ConcreteBrick Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4916.00 Cooling Ceiling Fan(S)Central A/C Heating Baseboard - Electric Heating YN Yes Net Square Feet 4916.00

Property Features

Accessibility Features None Annual Gross Expense 29357.00 Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Gross Income 130182.00 Heating Fuel ElectricNatural Gas Hot Water Electric Municipality Philadelphia Navigable Water YN N Net Operating Income 100825.00 New Construction YN No Number Of Units Total 8 Original MLSNumber 802604323712 Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 8029.00 Tax Assessment Amount 0.00 Vacation Rental YN No Water Source Public Zoning Cmx-2

Listing courtesy of Compass Pennsylvania, Llc: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-01T23:52:20.093.
 
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Paula Cashion | Keller Williams Central Delaware
1671 S. State Street
Dover DE, 19901