Photo of 1016 Cottman Avenue, Philadelphia PA
     
1016 Cottman Avenue
Philadelphia, PA 19111
19111 Castor Gardens Fox Chase
The School District Of Philadelphia
Philadelphia County
Asking Price$1,680,000
# of Units3
1 Bdrm Units3
2 Bdrm Units2
Acres0.20
Age74
HeatingNatural Gas
CoolingCentral A/C
WaterPublic
SewerPublic
Garages0
Taxes (2023)6,241

Description
True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear 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 .

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Details
Architectural Type - Contemporary
Basement - Front Entrance
Exterior Features - Masonry
Cooling - Central A/C, Electric
Heating - 90% Forced Air, Natural Gas
Hot Water - Natural Gas
Sewer - Public Sewer
Water - Public

Notes
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Assessment : 0
Latitude : 40.060566
Longitude : -75.082985
EveryHome Number : APH209-20317
Listing Courtesy Home Max Realty
Zoning Designation CMX2