Prime Investment Opportunity: Mixed-Use Property Just Blocks from Major Development Seize the opportunity to invest in this strategically located mixed-use property, situated just two blocks from major development on Lancaster Ave. in West Philly. This CMX2-zoned gem offers 2 residential and 1 commercial space (separately metered), providing a solid foundation for steady cash flow and future growth. Property Overview: Residential Units: Two Well-Maintained Units: Each residential unit features 1 bedroom and 1 bathroom, generating a reliable monthly income of $1, 580. Both units are turnkey and in excellent condition, with stable, high-quality tenants in place. Commercial Space: The commercial space, situated on the ground floor, is ready for rehab and presents a fantastic opportunity to enhance its value. Once renovated, it has the potential to command a monthly rent of $1, 800. Or convert the commercial space to a 3 bedroom apartment to garner similar rent.
Extra Information for 4914 Lancaster Ave Philadelphia, PA
- Seller Type:
- Category: Single-Family Houses
- Conditions: Resale
- Listed Date: Sep 23, 2024
