1204-1206 E PALMER STREET Philadelphia, PA $ 1,235,000
1204-1206 E PALMER STREET
$ 1,235,000
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1204-1206 E PALMER STREET

Philadelphia, PA, 19125
$ 1,235,000
Bedrooms-- Baths7.0 Sq 4,127

Monthly Estimate*

$ 5,200

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Commercial Property for sale in Philadelphia, PA

for $1,235,000 with 7 full baths. This 4,127 square foot building was built in 2016 on a lot size of 0.04 Acre(s).

Calling all savvy investors and owner occupants looking for a sound investment! Welcome to 1204 and 1206 E. Palmer street. Rebuilt from the ground up in 2016, these two multi-use triplex properties check all the boxes! Live, work and invest in Fishtown, one of Philly's hottest locations and most in demand residential submarkets. With over $8, 000 in projected income from 4 residential units, 2 commercial office spaces and approximately 6 years remaining on their tax abatement these two properties are sure to cash flow! Currently occupied, the bi-level commercial space at 1204 brings in $1, 300 a month. The two studios can be found just above on floors two and three, each with their own dishwasher, washer/dryer, central AC and smart video alert system. With leases in place, rest assured knowing you won't have to search for tenants here! 1206 has two, 2 bedroom units very similar in design with in unit laundry, dishwasher, a smart video alert system and beautiful wood flooring. These 2 bed/ 1 bath units are laid out perfectly with each bedroom flanking the kitchen and living space. 1206 is completely leased out and brings in a total of $4, 660 a month. Spanning just over 4, 000 square feet, these two triplexes really are a smart investment opportunity right in the heart of Fishtown. Don't miss your opportunity to make your investment dreams come true!

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Commercial Under Contract

Price

$ 1,235,000

Full Bath

7

Property Type

Commercial

Taxes

$ 6,335

Tax Municipality

PHILADELPHIA

Style

Mixed Use

Lot Size

0.04 Acre(s)

Year Built

2016

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH995590

Features
Interior
Cooling System Central Air Electric Cooling
Heating Source Electric
Heating System Central Heat Hot Water Heater: Electric
Sewer Public Sewer
Water Source Public Water
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Exterior
Foundation Masonry
Parking 1-20 Assigned Parking Spaces On Street Parking
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* Excluded Features
List By
Elfant Wissahickon Realtors

Broker

Affordability Calculator

$5,728
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,200
Monthly Property Taxes
$528
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 2.99% 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
5/26/2021$1,235,000 -5.00% Price Down
4/1/2021$1,300,000 Listed Price

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1204-1206 E PALMER STREET, Philadelphia, PA, 19125 is a Commercial Property for sale at $1,235,000 with 4,127 sqft and a lot size of 0.04 Acre(s). 1204-1206 E PALMER STREET has 7.0 baths and was built in 2016. The property's zip code is 19125 which is in Philadelphia, PA