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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Alex Molinski • Elite Realty Group Unl. Inc.

$1,180,000

Est. payment - /mo

9,000 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $131

Subdivision Overbrook Farms

MLS Listing ID PAPH2590848

Style Other

Abv Grd Liv Area 9,000

Year Built 1925

Annual Tax Amount $8,432

Tax Year 2025

Lot Size 2,264 Sqft

Acres 0.05

Lot Dimensions 16.00 x 94.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Turnkey 8-Unit Cash Cow delivering Powerful 8.3% Cap Rate with room to increase. **Prime CMX-2 Mixed-Use Investment Opportunity in Overbrook Farms section of Philadelphia. **Invest in immediate cash flow with this stabilized, fully leased 8-unit portfolio asset offering 6 apartments, 1 medical/rehabilitation center and 1 daycare facility. **Anchored by established commercial and residential tenancy, this commanding stone corner property delivers a powerful 8.3% Capitalization Rate from Day 1. **Fully rented with a proven track record of high occupancy. Meticulously maintained stone masonry structure. **CMX-2 zoning offers maximum flexibility for retail, medical office, and residential density. Situated in the heart of Overbrook Farms, a high-density neighborhood with strong demand for local services and housing and easy access to some of the region's best outdoor areas such as Fairmount Park. Just a short drive to City Line Avenue, St. Joseph's University and Lankenau Medical Center. This is a rare opportunity to acquire a high-performing asset in a high-barrier-to-entry market. Perfect for 1031 Exchange buyers seeking passive income.

Location

State PA

County Philadelphia

Area 19151 (19151)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Hot Water, Other

Cooling Ceiling Fan(s), Central A/C, Window Unit(s)

Flooring Hardwood, Ceramic Tile, Laminated, Tile/Brick

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 3.0

Utilities Available Natural Gas Available, Electric Available, Sewer Available, Water Available

Water Access N

Accessibility None

Total Parking Spaces 3

Garage N

Building

Foundation Other

Above Ground Finished SqFt 9000

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 344048405

Ownership Fee Simple

SqFt Source 9000

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

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Nearby Locations

"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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6522 LEBANON AVE Philadelphia, PA 19151