ListingsNorth Philadelphia(Philadephia, Pennsylvania, US - 19140)
MLS$699,900 USDFull Rent Strip mall
"7 appts, 6 stores"| Dr Hanh Vo | |
|---|---|
  |  Vihi Realty Co. |
| Phone:2152711035Cell:2676642689Fax:2153362494 | |
Details
Address:3601-23 N. 22nd streetType:CommercialStyle:brickBasement:YesSize:11,500 sq. ft.Lot Type:RectangularLot Size:0.13 acresTaxes:$6,500.00 USD (2011)MLS
Description
Solid 11250 sqft strip mall is located in a crowded area of North Philly. 7 upstairs apartments are fully rented, Rent from 500-550/month (total upstairs over 3500/month) each of them has windows, kitchen, 1 large bedroom, living room, central air, separate utilities, common laundry on 2nd floor, and all make an easy living. 6 stores on ground floor are also rented. 2 anchor stores are grocery stores 1100/month and an eat-in take out restaurant (650/month); they are long term lease tenants with rent increase 5 per cent yearly. 4 other stores are also rented 400 each by a church, a clothing, an office, and a beauty salon (Total ground floor is 3550/month. Rent total over 7000/month owner pays cold water about 360/m, Tax, and common electric. Make a calculation and appreciate an excellent positive cash flow to invest. Make a calculation and appreciate
Taxes/Yr: 6500 / 2011
Acr/SqFt 0.13 / 5,625
Lot Dim 225X25
Estimate Financial Information
Gross Ann Inc $85572
Total Ann Exp $18,000
Net Operating Inc $ 67572
Cap Rate 9.65
Ann Elec Exp $300
Ann Wtr/Swr Exp $2,500
Ann Ins Exp $6,000
Ann Maint Exp $1,000
Ann Other Exp $200
Taxes/Yr: 6500 / 2011
Acr/SqFt 0.13 / 5,625
Lot Dim 225X25
Estimate Financial Information
Gross Ann Inc $85572
Total Ann Exp $18,000
Net Operating Inc $ 67572
Cap Rate 9.65
Ann Elec Exp $300
Ann Wtr/Swr Exp $2,500
Ann Ins Exp $6,000
Ann Maint Exp $1,000
Ann Other Exp $200
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