5556 MARKET STREET Philadelphia, PA $ 249,500
5556 MARKET STREET
$ 249,500
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5556 MARKET STREET

Philadelphia, PA, 19139
$ 249,500
Bedrooms Baths0.0 Sq 1,800

Monthly Estimate*

$ 1,190

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5556 MARKET STREET, Philadelphia, PA 19139 - Image 1
5556 MARKET STREET, Philadelphia, PA 19139 - Image 2
5556 MARKET STREET, Philadelphia, PA 19139 - Image 3

Commercial Property for sale in Philadelphia, PA

for $249,500. This 1,800 square foot building was built in 1925 on a lot size of 15.00 x 124.50.

Enjoy a 10% cap rate in this turn key mix use investment opportunity building with great cash flow, low maintenance and over head. This is a fantastic three unit commercial building located in soon to be rapidly developing Walnut Hill section of Philadelphia right next to the University of Pennsylvania. Situated on the south side of market street is just steps from the SEPTA 56th street EL stop. Your tenants can hop on the elevated train and get to Penn, Drexel or center city Philadelphia in just minutes. The first floor front unit is a commercial space zoned CMX2 which permits many uses. Currently it is rented as a salon at $775 per month, this unit pays all exterior lighting, heat, ac, electric for its own unit as well as the cleaning of the first floor common halls, the snow and ice removal in front of the property. This is permissible in a commercial property if it is in the lease so there is no cleaning of public areas or electric bills to be paid by the owner. All utilities gas electric and the cold water are separated the landlord pays nothing in utilities at all each unit is separately metered. The first floor rear rear residential unit is a large one bedroom apartment and is rented at $795 per month it features a brand new kitchen, bath, heater, flooring, washer and dryer. This unit also has a private rear fenced yard. The second floor unit is a nice two bedroom it it features a ceramic tile kitchen, bath pergo flooring brand new high efficiency gas forced air heat and central air, an enclosed second floor enclosed porch which could easily be converted to a third bedroom to get even higher rent and a washer and dryer. This unit just became vacant and is currently on the rental market for $895 per month. There is 1-2 car off street parking in the rear of the property could command an additional $50-$100 per month in rent All three hot water heaters in the building and the appliances in both the residential units are less then a year old recently installed rubber roof still has almost a year left on its warranty. The building is situated on a large 125 foot deep lot with a drivable rear alley/private driveway. This offering could be a good opportunity for a 1031 exchange, cash sale, commercial financing or short term purchase money financing with 50% down,

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Commercial Active

Price

$ 249,500

Property Type

Commercial

Taxes

$ 1,309

Style

Mixed Use

Lot Size

15.00 x 124.50

Year Built

1925

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH825312

Features
Interior
Cooling System Central Air Electric Cooling Wall Unit(s)
Flooring Ceramic Tile Flooring Laminate Flooring
Heating Source Electric Natural Gas
Heating System Baseboard Energy Efficient \ Energy Star Forced Air Hot Water Heater: Electric
Sewer Public Sewer
Water Source Public Water
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Exterior
Driveway Concrete Driveway
Foundation Masonry Stone
Garage 1-15 Spaces Other
Lot Description Rear Yard
Parking 1 Car Parking 1-20 Assigned Parking Spaces
Road Frontage Blacktop County Road
Roof Rubber
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Miscellaneous
Public Transportation Location Close to Bus Near Subway
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Rental
Owner/Landlord Pays Insurance Pest Control Taxes
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* Excluded Features
List By

Listing Agent

Best City Homes Inc

Broker

Affordability Calculator

$1,299
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,190
Monthly Property Taxes
$109
Monthly Home Insurance
--
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Default based on a 30-year fixed rate of 3.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
THE SCHOOL DISTRICT OF PHILADELPHIA School District
Pricing History
DatePricePrice ChangeDescription
1/6/2020$249,500 -9.27% Price Down
11/22/2019$275,000 Listed Price

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5556 MARKET STREET, Philadelphia, PA, 19139 is a Commercial Property for sale at $249,500 with 1,800 sqft and a lot size of 15.00 x 124.50. 5556 MARKET STREET has 0.0 baths and was built in 1925. The property's zip code is 19139 which is in Philadelphia, PA