5556 Market Street
Philadelphia, PA, 19139 $ 360,000
Baths0.0 Sq 2,009 Monthly Estimate*
$ 2,393
Studio
for $360,000. This 2,009 square foot building was built in 1920 on a lot size of 0.04.
Welcome to your next investment opportunity! This turnkey mixed-use building promises excellent cash flow and minimal overhead, making it an investor's dream. Nestled in the burgeoning Walnut Hill section of Philadelphia, adjacent to the esteemed University of Pennsylvania, this property boasts three units ripe for income generation. Positioned conveniently on Market Street's south side, mere steps from the SEPTA 56th Street EL stop, accessibility is unmatched. Your tenants will relish the swift commute to Penn, Drexel, or downtown Philadelphia, thanks to the nearby elevated train. The ground floor fronts a versatile commercial space, zoned CMX2 to accommodate various business endeavors. Currently leased at $725 per month, this unit offers immediate returns. Meanwhile, the rear residential unit on the first floor presents a spacious one-bedroom apartment with kitchen, bath, flooring, heater, and washer/dryer. Priced at $1000 per month, its private fenced yard adds an extra allure. Ascending to the second floor reveals a charming two-bedroom unit, boasting a ceramic-tiled kitchen, pergo flooring, and modern amenities like high-efficiency gas forced air heat and central air. With a rental income of $1100 per month, its enclosed porch could easily transform into a third bedroom, maximizing returns. To sweeten the deal, the property offers off-street parking for 1-2 cars, potentially yielding an additional $50-$100 per month in rent. Resting on a generous 125-foot deep lot with a convenient rear alley/private driveway, convenience and flexibility abound. Whether you're eyeing a 1031 exchange, a cash sale, commercial financing, or envisioning yourself as an owner-operator, this offering caters to diverse investment strategies. Don't miss out on this golden opportunity to secure your foothold in Philadelphia's thriving real estate market!
See more
Commercial ActiveGeneral Retail,Professional
FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
See more
GeneralSewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning COMMERCIAL
Construction Materials Advanced Framing
Year Built 1920
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Other/General Retail Professional
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name WALNUT HILL
Water Access Y/N N
Status ACTIVE
Directions Market St to 55th Street
City PHILADELPHIA
Buyer Agent Compensation 2.5
MLS Area 19139 (19139)
Lot Size Square Feet 1742.40
Waterfront Y/N N
Street Name 5556 MARKET STREET
Tax Annual Amount 1308.0
Price Per Sq Ft 179.19
Vacation Rental Y/N N
Days on Market 97
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross
See more
ExteriorWater Source Public
Type of Parking Driveway
Water View Y/N N
Building Area Total 2009.00
Lot Dimensions 15 x 125
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N N
Water Oriented Y/N N
See more
* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,393
- Monthly Property Taxes
- $109
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $978,867
Percent of Sale Price 172%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/14/2024 | $360,000 | -9.77% | Price Down |
2/8/2024 | $399,000 | | Listed Price |