$335,000
$375,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
7124 RISING SUN AVE Philadelphia, PA 19111
2,800 SqFt
Key Details
Sold Price $335,000
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $119
Subdivision Burholme
MLS Listing ID 1000489370
Style Other
Year Built 1952
Annual Tax Amount $3,052
Tax Year 2018
Lot Size 2,875 Sqft
Property Description
PRIME LOCATION !!! Calling investors or business owners ! Quick jump on this rare Burholme multi-purpose building which includes 3 units total right on the main commercial strip of Rising Sun Ave. Property is in great condition. Entire building has been renovated just waiting for you to move your business into and opportunity for 2 tenants above producing excellent income. Building is currently vacant since it was just completely renovated. 4,200 sq ft total including store front (2,800 of commercial office space + 2 apartments which are 700 sq ft each). Ground level store front which was the old East Coast Event Group, which has since moved its headquarters. Store front can be used for your business or generate approx $2,000/month in rent. Store contains 2 half bathrooms. One on main level and one in basement. Commercial space can be perfect for an type of professional of office such as a real estate office, event planning, insurance or financial services office. Above store are two residential apartments. 1st floor residential unit is a 1 bed 1 bath (w/ new flooring, freshly painted, new kitchen, new bathroom) - currently vacant which can generate approx $750/month in rent. 2nd floor residential unit is also a 1 bed 1 bath (w/ new flooring, freshly painted, new kitchen, new bathroom) which can generate approx $750/month. Total monthly gross income potential of appox $3,500 ($42,000/annually). New Roof - 2017. Heater and Central Air serviced annually. Don't miss out on this rare business opportunity !!
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning CMX1
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Heating Gas, Hot Water, Forced Air
Cooling Central A/C
Flooring Fully Carpeted, Tile/Brick, Laminated
Laundry Washer In Unit, Dryer In Unit
Exterior
Water Access N
Roof Type Flat
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Lounas Frai • Keller Williams Real Estate Tri-County