Description
Prime corner mixed-use property offering both stable income and clear value-add upside in one of Philadelphias most desirable neighborhoods. The building consists of three separately metered units: a renovated commercial space and two residential apartments.Unit 1F " Commercial: Updated corner storefront currently leased for $1,250/month, delivering steady cash flow from day one.Unit 1R " Residential: Vacant one-bedroom previously rented at $1,050/month, presenting a turnkey opportunity for cosmetic upgrades or repositioning to boost returns.Unit 2 " Residential: Renovated two-bedroom apartment leased at $2,180/month, featuring Hazelwood cabinetry, tile flooring, a modern bathroom, and in-unit laundry.Located just one block from Naval Square and minutes from the South Street Bridge, CHOP, UPenn, and Rittenhouse Square, the property is positioned within a 95 Walk Score corridor known for strong rental demand and continued appreciation.An ideal value-add investment: generate immediate income while elevating the remaining residential unit to drive NOI growth and long-term equity.
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Description
Prime corner mixed-use property offering both stable income and clear value-add upside in one of Philadelphias most desirable neighborhoods. The building consists of three separately metered units: a renovated commercial space and two residential apartments.Unit 1F " Commercial: Updated corner storefront currently leased for $1,250/month, delivering steady cash flow from day one.Unit 1R " Residential: Vacant one-bedroom previously rented at $1,050/month, presenting a turnkey opportunity for cosmetic upgrades or repositioning to boost returns.Unit 2 " Residential: Renovated two-bedroom apartment leased at $2,180/month, featuring Hazelwood cabinetry, tile flooring, a modern bathroom, and in-unit laundry.Located just one block from Naval Square and minutes from the South Street Bridge, CHOP, UPenn, and Rittenhouse Square, the property is positioned within a 95 Walk Score corridor known for strong rental demand and continued appreciation.An ideal value-add investment: generate immediate income while elevating the remaining residential unit to drive NOI growth and long-term equity.
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