612-14 S 4TH STREET

Queen Village · Philadelphia, PA 19147

  • $3,250,000
  • Active
  • #6955902

612-14 S 4TH STREET, PA 19147

Location, Location, Location!! This high traffic, double wide 7500 square foot Queen Village building spans from 4th Street to Leithgow Street and contains eight high end completely renovated apartments (four two bedrooms, and four bi level one bedrooms) and 2 commercial spaces with credit tenants, with long term leases ( currently the UPS store and a Nail salon), all completely rented.This building offers a True 6% cap rate, and a much higher cash on cash return than having your money in the bank, with upside every year. These spaces were gut renovated in 2014-2015 and equipped with high end everything including hardwood floors, granite, stainless and cherry kitchens, gorgeous designer tile bathrooms, central air conditioning, multiple fiberglass roof decks, video intercoms, and the entire buildings are sprinklered and alarmed. There is a private, gated entrance for the tenants on Leithgow Street, and the stores have multiple means of egress. All of the utilities are separated and the responsibility of the tenants including water. The ten year tax abatement runs until August 2024. Please check the documents section for more detailed financial income and expense information. Leases available upon request.