PA > Philadelphia > Haddington
Philadelphia, PA 19139,5900 MARKET ST
Philadelphia, PA 19139,5900 MARKET ST
Philadelphia, PA 19139,5900 MARKET ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Samantha Lee Miller • Select Commercial Advisors
$575,000
Est. payment /mo
3,520 SqFt
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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,520 sqft

Price per Sqft $163

Subdivision Haddington

MLS Listing ID PAPH2519018

Year Built 1915

Annual Tax Amount $3,042

Tax Year 2025

Lot Size 1,336 Sqft

Acres 0.03

Lot Dimensions 16.00 x 84.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Turnkey multifamily investment opportunity in West Philadelphia: corner mixed-use building with 5 residential units plus 1 commercial space, fully-occupied with an in-place 8.6% cap rate! Fully-renovated in 2022. Located at the intersection of 59th Street and Market Street, just 1 block from the 60th Street stop on the MFL, this well-maintained asset provides both immediate cash-flow and future upside as the surrounding neighborhood continues it's growth trajectory. Comprised of six total units: one commercial space, two studios, two one-bedroom apartments, and one two-bedroom apartments. Generating $5,877 per month in rents ($70,524 annually). Local amenities include: Cobbs Creek Golf Course: "an industry leading restoration project that includes a multitude of golf and community amenities"; Restaurants: Aku's Kitchen, Liberty Halal Gyro, Yock's Sandwich-Ville USA; Schools: Barry Community John School, Sanctuary Christian Academy, William L Sayre Middle School; Grocery Stores: Market at University Square, African Expressions, The Fresh Grocer; Parks & Rec: Haddington Park, Haddington Recreation Center, Cobbs Creek. Offering memorandum available upon request. See virtual tour link for videos of interior.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning CMX3

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Ceiling Fan(s)

Flooring Wood

Heat Source Electric

Exterior

Water Access N

View City, Street

Accessibility None

Garage N

Building

Lot Description Corner, Rear Yard

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871048300

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

Virtual Tour https://youtu.be/Tr6u4ZmVm5E

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Bright MLS (BMLS)
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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