1016 COTTMAN AVE Philadelphia, PA 19111
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2094662
Style Contemporary
Year Built 1950
Annual Tax Amount $6,241
Tax Year 2023
Lot Size 8,750 Sqft
Acres 0.2
Lot Dimensions 70.00 x 125.00
Property Sub-Type Other
Source BRIGHT
Property Description
This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills.
are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning CMX2
Rooms
Basement Front Entrance
Interior
Hot Water Natural Gas
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 32\"+ wide Doors
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881223990
Ownership Fee Simple
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
Nearby Locations
Email hope@thebreedengroup.com
Address 1425 Clarkview Rd, Baltimore, MD 21209, USA
Hope Greenlee is a seasoned Realtor with 17 years of experience in the real estate industry. She hails from Baltimore County, is a proud graduate of Parkville High School, and pursued a business degree in Pittsburgh, Pennsylvania. With a background as a Multi-Site Property Manager spanning over two decades across Maryland, Hope has honed her skills and expertise in various facets of real estate. She is a devoted mother to five children and a passionate, market-savvy professional who prioritises her clients' satisfaction and best interests above all else. Hope's approach is characterised by professionalism, patience, and unwavering loyalty, ensuring a seamless and satisfying real estate experience. She is now part of The Breeden Group of Berkshire Hathaway Homesale Realty.
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