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Bought with Michael Choe • New Investment Realty
$185,000
$170,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
5510 N 5TH ST Philadelphia, PA 19120
1,350 SqFt
Key Details
Sold Price $185,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,350 sqft
Price per Sqft $137
MLS Listing ID PAPH2433856
Sold Date 04/14/25
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $2,168
Tax Year 2019
Property Sub-Type Mixed Use
Property Description
Welcome to the very busy and dense area of N 5th St. There are lots of walk by traffic and this retail currently boasts of a new clothing consignment tenant that pays $1,592/ month (includes water, trash tax) 3 year lease with a 3 year option that has $50 increases each year with a 3 year option. The CAP rate is at 9.5%. Investor's dream with a solid paying tenant, never late, and a great gentrifying area.
Location
State PA
County Philadelphia
Area 19120 (19120)
Zoning CMX2.
Interior
Hot Water None
Heating None
Cooling None
Flooring Laminated
Heat Source None
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882965570
Ownership Other
Special Listing Condition Standard, Other
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