Views
Address
5900 Market Street, Philadelphia, PA
Price
$ 575,000
Property Attributes
- MLS#PAPH2344430
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19139
- NeighborhoodHaddington
- Zip19139
- StyleApartment Building,/General Retail
- Year Built1915
- Taxes$ 1872
- Price$ 575,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3520
- Lot Size1,307 SqFt
Data Source:
Bright MLS
Property Description
Here presented to you is a rare corner mixed use multi-family turnkey investment opportunity in West Philadelphia. Discover the epitome of urban living at this prime corner location at Market and 59th St. This meticulously maintained property presents an amazing opportunity for investors seeking a lucrative addition to their portfolio. The property has six total units made up of one commercial unit, two studios, two one-bed one bath apartments, and one two bed one bath apartment. All units are currently rented out. The ground floor unit offers an ideal space for commercial endeavors, perfectly positioned to capitalize on the vibrant foot traffic in the area. With its strategic location, this commercial space promises unparalleled visibility and exposure for businesses of all kinds. Above the commercial space, five thoughtfully designed apartments await, each bathed in ample natural light that streams through expansive windows. These inviting living spaces are adorned with modern amenities, including ceiling fans, tiled bathrooms, and updated appliances, ensuring comfort and convenience for residents. The property gross is $5,602.17/month and $67,226.04/year. The tenants are responsible for the electricity. Parking is a breeze with abundant street parking available, while close proximity to public transportation hubs, amenities, and major roadways further enhances accessibility. Whether by car, train, or bus, reaching this bustling commercial corridor is effortless, making it an attractive destination for both residents and businesses alike. With a Walk Score of 82, the majority of daily tasks can be easily completed without relying on a car. A Transit Score of 70 indicates that public transportation is conveniently accessible for most journeys, while a Bike Score of 88 highlights the abundance of biking infrastructure in the area. Close by, you'll find a variety of dining options including Aku's Kitchen, Liberty Halal Gyro, and Yock's Sandwich-Ville USA, among others. Families will appreciate the proximity to several schools such as Barry Community John School, Sanctuary Christian Academy, and William L Sayre Middle School. For groceries, residents have easy access to Market at University Square, African Expressions, and The Fresh Grocer. Outdoor enthusiasts can enjoy nearby parks like Haddington Park, Haddington Recreation Center, and Cobbs Creek. Don't miss your chance to secure this prime investment in one of the city's most sought-after locations. Seize the opportunity to capitalize on the thriving market and unlock the full potential of this remarkable property. Schedule a viewing today and envision the endless possibilities that await at Market and 59th St.
| Price History | |
|---|---|
| 4/18/2024 | Listed $575,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Electric |
| Cooling | Ceiling Fan(s) |
| Possession | Immediate |
| Zoning | CMX3 |
| Construction Materials | Masonry |
| Year Built | 1915 |
| View | City,Street |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 5333.00 |
| Business Type | Apartment Building,Other/General Retail |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | HADDINGTON |
| Water Access Y/N | No |
| Property Use | Investment |
| Transportation | Airport less than 10 miles,Bus Stop less than 1 mile,Commuter Rail Station less than 1 mile |
| Status | ACTIVE |
| Directions | Coming from the north side of N 59th St go straight,the property is at the Southwest corner of Market St and 59th St. |
| ModificationTimestamp | 2024-04-25T15:43:12 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 6 |
| MLS Area | 19139 (19139) |
| Lot Size Square Feet | 1336.00 |
| Tax Assessed Value | 133800.0 |
| Waterfront Y/N | No |
| Street Name | MARKET |
| Tax Annual Amount | 1872.0 |
| Property Condition | Very Good |
| Price Per Sq Ft | 163.35 |
| Acceptable Financing | Cash,Conventional,Other |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://view.ricoh360.com/728dc657-c3c0-45d4-9b45-5cc99b6969ed |
| Days on Market | 13 |
| Location Type | Urban |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 120 |
| Total Actual Rent | 63996.00 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Wood |
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Lot Features | Corner,Rear Yard |
|---|---|
| Water Source | Public |
| Type of Parking | On Street |
| Land Use Code | Y50 |
| Water View Y/N | No |
| Building Area Total | 3520.00 |
| Lot Dimensions | 16.00 x 84.00 |
| Lot Size Acres | 0.03 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 26700.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19139
Price
Taxes
Visits
Year Built
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