Commercial Sale - PHILADELPHIA, PA
NEW REDUCED PRICE!!! Excellent income producing mixed-use corner property including 5 units and a successful fully equipped laundromat business included in the sale. 2 commercial units currently fitted with a hair saloon/barbershop and a laundromat make up the ground floor with 3 residential apartments above (2x 1-bedrooms & 1x 2-bedrooms). Currently the 1-bedroom units are vacant and require some TLC. The laundromat features 18 commercial Maytag washers and 21 dryers. The property is currently underutilized, a savvy landlord can easily obtain a 18% cap with current expenses. Take advantage of an old church across the street being converted into a brand new community center adding traffic to the location. This property is a must to add to your property portfolio if you are looking for both passive and residual income.
Would you like more information regarding this property?
Please call (215) 328-4800.
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