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507-509 W Girard Ave
Philadelphia, PA 19123

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,000 SF
Building Class
C
Year Built/Renovated
1915/2019
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.30
Lot Size
0.08 AC
Zoning
CMX2
Frontage
36 FT on Girard Ave

Amenities

  • Bus Line
  • Tenant Controlled HVAC
  • Air Conditioning

About 507-509 W Girard Ave , Philadelphia, PA 19123

Amazing turn-key investment opportunity located right off the busy commercial corridor of Girard Ave. This 8 unit building is fully occupied and tastefully rehabbed, currently bringing in $122,760 in gross annual rents. All of the residential units offer modern high-end finishes such as exposed brick, hardwood floors, stainless steel appliances, and much more. The unit breakdown is three 2 bedrooms 1 bathroom, four 1 bedroom 1 bath, & a 1,200 sq ft commercial unit. Rents are currently under market and can be increased. There are 2 coin-operated washers & 4 dryers located in the building which bring in additional income and are used by all the tenants from 507-517 W Girard Ave. The commercial tenant recently signed a new 5-year lease with an annual increase to bring the rent up to $2,000 on the 5th year.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
881006825
Land Assessment
$212,400
Improvements Assessment
$495,600
Total Assessment
$708,000
  • Listing ID: 16326343

  • Date on Market: 6/12/2019

  • Last Updated:

  • Address: 507-509 W Girard Ave, Philadelphia, PA 19123

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