Welcome to 1914-18 E Passyunk Avenue in PHILADELPHIA

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  • $1,800,000
    Reduced -$199,000
  • 1914-18 E Passyunk Avenue
    Philadelphia , PA 19148
N/ABeds
N/AFull Baths
N/AHalf Baths
6,409SqFt
1915Year Built
0.07Acres
  • MLS# PAPH803946
  • Commercial
  • ACTIVE

Area19148 (19148)
CountyPhiladelphia
SubdivisionPassyunk Square

Agent Remarks

THREE BUILDINGS FOR SALE ON EAST PASSYUNK AVENUE! PACKAGE DEAL OR OWNER WOULD SELL 1914 SEPARATE FROM 1916-18! Triple Net Leases! Separate Utilities! 1914, 1916, and 1918 is a prime package opportunity on one of the most bustling commercial corridors in Philadelphia. 1916-18 is a combined double property with a large double commercial store front and two large double sized 2 bedroom apartments. 1914 has a first floor commercial store and 2 one bedroom apartments above. Commercial tenants are triple net leases with renewal options and also with rent increases built in. The four apartments also share in the expenses - they pay their part of the water/sewer bill and trash. In 1914, owner pays the heat but tenants still pay their own gas and electric. In 1916-18, tenants pay their own gas and electric.


Agriculture / Farm

Association Fees / Info

Association Recreation Fee:  ,No,

Hoa:  No

Coa:  No

Bathroom Info

Building Info

Year Built:  1,915

Construction Materials:  Masonry

Building Level Count:  3

Exclusions:  any and all appliances owned by Tenants and personal or business property owned by Tenants

New Construction:  N

Construction Completed:  No

Historic:  No

Community Info

Exterior Features

Fencing:  N

Fees / Restrictions

Financial

Acceptable Financing:  Cash,Conventional

Price Per Sqft:  281

Sale Type:  Standard

Ownership Interest:  Fee Simple

Ground Rent Exists:  ,No,

Land Lease:  No

Gross Scheduled Income:  13742

Gross Income:  13742

Owner Pays:  Heat, Insurance, Taxes - Real Estate

Inclusions:  any and all appliances in Lease Agreements and owned by Landlords

Garage / Parking

Type of Parking:  None

Green / Env Info

Green Verification:  No

Interior Features

Lot Info

Lot Size Units:  Square Feet

Lot Size Dimensions:  35.50 x 58.00 - 1916-1918; 17.75 x 58.00 - 1914

Acres:  0.07

Marina Info

Dockslip Conveys:  ,No,

Misc

Cross Street:  McKean and Mifflin Sts

Accessibility Features:  None

Municipal Trash:  Y

Vacation Rental:  N

Other

Business Type:  Other/General Retail,Restaurant/Bar,Medical,Hair S

Property Info

Sub Type:  Other

City Limits:  No

Property Manager:  ,No,

Sign On Property:  ,No,

Municipality:  PHILADELPHIA

Property Type:  Commercial Sale

Sqft Info

Lot Sqft:  2,947

Building Total Sqft:  6,409

Sqft:  6,409

Tax Info

Tax Year:  2020

Taxdataupdatedyn:  N

Tax Opportunity Zone:  ,No,

Citytown Tax Pymnt Freq:  Annually

Tax Lot:  298 AND 300

Tax Annual Amount:  9759.0

Tax Assessed Value:  69720

Automatically Update Tax Values:  Y

Citytown Tax:  4404.

Total Taxes Pymnt Freq:  Annually

Unit Info

Building Units Total:  6

Utilities / Hvac

Sewer Septic:  Public Sewer

Heating:  Y

Central Air:  Y

Heating:  Forced Air, Radiator, Radiant, Hot Water, Baseboard - Electric

Cooling:  Ceiling Fan(s), Central A/C, Wall Unit, Window Unit(s)

Water Source:  Public

Heating Fuel:  Natural Gas,Electric

Utilities:  Electric Available, Natural Gas Available, Sewer Available, Water Available, Cable TV Available, Phone Available

Hot Water:  Natural Gas

Cooling Fuel:  Electric

Cooling:  No

Waterfront / Water

Water Oriented:  N

Waterfront:  N

Tidal Water:  N

Navigable Water:  N

Water Access:  N

Water View:  N

Directions

Located on the 19xx Block of E Passyunk Ave between Mifflin and McKean Sts.

Courtesy of Century 21 Forrester Real Estate 

Featured Lender

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Todd Hennessy

GMH Mortgage Services

610-355-8142
thennessy@gmhmortgage.com
https://gmhmortgage.com

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Price & Status History (on wagnerrealestate.com since Tue, Jun 4th 2019)
  • Original Price: $1,999,000
  • Current Price: $1,800,000
  • Price Reduced: $199,000
Date ChangedFromTo
05/20/2020$1,999,000 $1,800,000 Reduced by $199,000

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