$1,680,000

1016 Cottman Ave Philadelphia, PA 19111

Castor Gardens Neighborhood

Estimated payment $9,471/month

Total Views 58,228
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.2 Acre Lot
  • Contemporary Architecture
  • 90% Forced Air Heating and Cooling System

About This Home

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .

Listing Agent

Mike Chen

Home Max Realty License #RM424964 Listed on: 03/17/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,241

Year Built

  • Built in 1950

Lot Details

  • 8,750 Sq Ft Lot
  • Lot Dimensions are 70.00 x 125.00

Parking

  • Parking Lot

Home Design

  • Contemporary Architecture
  • Masonry

Utilities

  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Front Basement Entry
  • Doors are 32 inches wide or more

Listing and Financial Details

  • Tax Lot 145
  • Assessor Parcel Number 881223990

Community Details

Overview

  • 3 Units

Building Details

  • Income includes apartment rentals, shop rentals
  • Insurance Expense $2,700
  • Trash Expense $500
  • Net Operating Income $100,559

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,241

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Over Storefront
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Exclusions: business leases and tenants' personal belonging
  • New Construction: No
  • Year Built: 1950
  • Remarks Public: True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Front Entrance
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1016

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Pest Control Expense: 1200.00
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: CA0
  • Lot Size Acres: 0.20
  • Lot Dimensions: 70.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8750.00
  • Year Assessed: 2023
  • Zoning: CMX2

Rental Info

  • Owner Pays: Insurance, Repairs, Snow Removal, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 114300.00
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • School Tax: 3424.00
  • Tax Annual Amount: 6241.00
  • Assessor Parcel Number: 881223990
  • Tax Lot: 145
  • Tax Data Updated: Yes
  • Tax Year: 2023

Multi Family

  • Gross Income: 114300.00
  • Income Includes: Apartment Rentals, Shop Rentals

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2022 03/17/22 For Sale $1,680,000 +133.3% --
10/16/2014 10/16/14 Sold $720,000 -9.9% $84 / Sq Ft
08/16/2014 08/16/14 Pending -- -- --
07/20/2014 07/20/14 For Sale $799,000 -- $94 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PAPH2094662

Bright MLS
Pennsylvania Philadelphia County Philadelphia 19111 Castor Gardens

1016 Cottman Ave, Philadelphia, PA

This home is located at 1016 Cottman Ave, Philadelphia, PA 19111 and is currently priced at $1,680,000. This property was built in 1950. 1016 Cottman Ave is a home located in Philadelphia County with nearby schools including Kennedy C. Crossan School, Castor Gardens Middle School, and Northeast High School.

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Mike Chen
Listing Agent
Mike Chen
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Home Max Realty
(215) 820-1621