SQUARE FEET9,000
MLS#PAPH2669258
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPHILADELPHIA CITY
Property Description
FULLY OCCUPIED MIXED-USE 8 UNIT PROPERTY| 9.7% CAP RATE | $11,282/MO INCOME | ***** A rare chance to acquire a mixed-use 8-Unit portfolio with immediate income delivering Powerful 9.7% Cap Rate with room to increase | 3 adjacent buildings on same Deed ****Prime CMX-2 Mixed-Use Investment Opportunity in Overbrook Farms section of Philadelphia. **Invest in immediate cash flow with this stabilized, fully leased 8-unit portfolio asset offering 6 apartments, 1 medical/rehabilitation center and 1 daycare facility. **Anchored by established commercial and residential tenancy, this commanding stone corner property delivers a powerful 9.7% Capitalization Rate from Day 1. **Fully rented with a proven track record of high occupancy. Meticulously maintained stone masonry structure. **CMX-2 zoning offers maximum flexibility for retail, medical office, and residential density. Situated in the heart of Overbrook Farms, a high-density neighborhood with strong demand for local services and housing and easy access to some of the region’s best outdoor areas such as Fairmount Park. Just a short drive to City Line Avenue, St. Joseph's University and Lankenau Medical Center. This is a rare opportunity to acquire a high-performing asset in a high-barrier-to-entry market. Perfect for 1031 Exchange buyers seeking passive income.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central A/C, Window Unit(s)
Fuel Type: Natural Gas
Heating: Hot Water, Other
Lot Size: 0.05 Acres
Taxes: $8,432
Year Built: 1925
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Electric: 200+ Amp Service
Exterior: Masonry
Flooring: Hardwood, Ceramic Tile, Laminated, Tile/Brick
Lot Dimensions: 0.05 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 6
Sewer: Public Sewer
Structure Type: End of Row/Townhouse
Three Bedroom Units: 1
Two Bedroom Units: 1
Units: 4
Utilities: Natural Gas Available, Electric Available, Sewer Available, Water Available
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Elite Realty Group Unl. Inc.
Agency Phone: 2153284800
Shown By
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Agency Phone: +18003833535
First AmericanEstimate Your Payment
Estimated Payment
$ 3,469.11 per month $2,445.90 Principal & Interest $702.67 Property Tax $320.54 Homeowner's Insurance
6522 Lebanon Avenue | MLS# PAPH2669258
This multi-family property located at 6522 Lebanon Avenue, Philadelphia, PA 19151 is currently listed for sale with an asking price of $1,099,000. Lebanon Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.homesale.com today.