Commercial Sale in DREXEL HILL

$625,000

3617 GARRETT, 19026, DREXEL HILL, PA

UNDER OFFER

Commercial Sale for sale in DREXEL HILL, 3617 GARRETT, 19026

3617 GARRETT, 19026, DREXEL HILL, PA

$625,000

Type: Commercial Sale

Description

Available now... Income Producing Property in Drexel Hill. Property consists of 4- 2 bedroom apartments and one commercial unit with good rental history. There is also a garage that is rented for additional income. Tenants pay utilities except common area electric. Operating as a 7.2 cap rate with slightly under market rents. 3 of 4 apartments have been renovated. The 4th was renovated within the past 10 years and has a long term tenant. Common area also freshly painted. This property has high visibility and is convenient to public transportation, shopping and schools. Great opportunity for investors or the savvy house hacker. Current owner pays 5% management fee and payroll fee per apartment. That could be savings for a self managing investor. Contact agent for showings.

Location

3617 GARRETT, 19026, DREXEL HILL, PA

Data

Object TypeCommercial Sale
Purchase Price$625,000
Living Space0 m²
Plot SizeN/A
BathroomsN/A
Construction Year1900
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Baseboard - Electric, Natural Gas, Electric
Primary Energy SourceN/A
Construction Year1900
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent