2563 Germantown Avenue

Description

Welcome to 2563 Germantown Avenue, a fully tenant-occupied 8-unit commercial income property offering strong cash flow and versatile investment potential in the heart of Philadelphia. This three-story mixed-use building features a well-established daycare occupying the entire first floor, along with seven additional flex-space rental units spread across the second and third floors. The first-floor daycare operates from its own private entrance and includes access to a fenced-in paved rear lot currently utilized as an outdoor play area. With rear alley access and an exterior entry point, this space also presents the potential for future off-street parking use. A separate entrance services the upper levels, providing convenient access to the remaining tenant spaces. The second floor offers four flex-space units along with a shared bathroom, while the third floor includes three additional flex-space units, another shared bathroom, and bonus storage space. Each unit throughout the property is individually heated and cooled with mini-split systems, providing efficient climate control and tenant flexibility. All eight units are currently occupied, creating immediate and stable rental income. The property generates a gross monthly income of $3,900 and a net monthly income of approximately $3,250. Annual gross income totals $46,800 with a net annual income of approximately $39,000. Utilities are included in the monthly rent, with average monthly expenses of approximately $650 covering water, sewer, and electric. Located along the Germantown Avenue corridor with convenient street parking and easy accessibility, this turnkey commercial investment presents an excellent opportunity for investors seeking a fully leased asset with long-term upside. Lease agreements are available for review with submission of an offer.