Philadelphia, PA 19131,4914 LANCASTER AVE
Philadelphia, PA 19131,4914 LANCASTER AVE
Philadelphia, PA 19131,4914 LANCASTER AVE
Philadelphia, PA 19131,4914 LANCASTER AVE
Philadelphia, PA 19131,4914 LANCASTER AVE
Philadelphia, PA 19131,4914 LANCASTER AVE
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$ 255,000
Est. payment | /mo

2,086 SqFt


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$ 255,000
Est. payment | /mo
Save

2,086 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,086 sqft

Price per Sqft $122

MLS Listing ID PAPH2392644

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $1,605

Tax Year 2024

Lot Size 1,314 Sqft

Acres 0.03

Lot Dimensions 17.00 x 77.00

Property Description

Prime Investment Opportunity: Mixed-Use Property Just Blocks from Major Development

Seize the opportunity to invest in this strategically located mixed-use property, situated just two blocks from major development on Lancaster Ave. in West Philly. This CMX2-zoned gem offers 2 residential and 1 commercial space, providing a solid foundation for steady cash flow and future growth.

Property Overview:

Residential Units:
Two Well-Maintained Units: Each residential unit features 1 bedroom and 1 bathroom, generating a reliable monthly income of $1,580. Both units are turnkey and in excellent condition, with stable, high-quality tenants in place.

Commercial Space:
The commercial space, situated on the ground floor, is ready for rehab and presents a fantastic opportunity to enhance its value. Once renovated, it has the potential to command a monthly rent of $1,800.

Current Total Rent Roll: $1,580 (residential)
Pro Forma Rent Roll: $4,000 (with commercial space rental and market rents)

This property can be sold individually or as part of a package deal with 4910 Lancaster Ave (MLS# PAPH2358290) at a significant discount.
Combined Active Rent Roll for Both Properties: $5,195
Combined Pro Forma Rent Roll with Renovations: $9,200 (after modest improvements such as updating floors, kitchen, and bathrooms)

Major csh flow is calling, Reach out for a detailed pro forma or to schedule a tour.

Location

State PA

County Philadelphia

Area 19131 (19131)

Zoning CMX2

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source None

Exterior

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871206550

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Ryan McLaughlin • KW Empower
agent-avatar

+1(908) 310-0613

laura@thepallayteam.com

1378 Rt. 206 Suite 202, Skillman, NJ, 08558, United States

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4914 LANCASTER AVE

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