Property Listing No Longer Available for Sale

1914-18 E PASSYUNK AVENUE, PHILADELPHIA, PA

Others for Sale - $1,800,000


Property Info

CIMLS#1092436
Location
  1914-18 E PASSYUNK AVENUE
  PHILADELPHIA PA 19148
UpdatedNovember 18th, 2021
TypeOthers
Price$1,800,000

Property Description

***NEW PRICING***RECENTLY REDUCED***PRICED TO SELL***FINAL PRICE REDUCTION***THREE BUILDINGS FOR SALE ON EAST PASSYUNK AVENUE! PACKAGE DEAL OR OWNER WOULD SELL 1914 SEPARATE FROM 1916-18! Triple Net Leases! Separate Utilities! 6 UNITS - 2 COMMERCIAL AND 4 APARTMENTS. 1914, 1916, and 1918 is a prime package opportunity on one of the most bustling commercial corridors in Philadelphia. 1916-18 is a combined double property with a large double commercial store front and two large double sized 2 bedroom apartments. 1914 has a first floor commercial store and 2 one bedroom apartments above. Commercial tenants are triple net leases with renewal options and also with rent increases built in. The four apartments also share in the expenses - they pay their part of the water/sewer bill and trash. In 1914, owner pays the heat but tenants still pay their own gas and electric. In 1916-18, tenants pay their own gas and electric.


Financials


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