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1016 Cottman Avenue

Philadelphia, PA 19111

– beds
– baths
– sqft
8,750 sqft lot
1950 build

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .

Listing courtesy of BRIGHT / Home Max Realty

Last checked: Checking… • Last updated Dec 1, 2024 •

MLS# PAPH2094662 —

The Building

Year Built:

1950
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Masonry
Building Units Total:

3
Structure Type:

Over Storefront
Architectural Style:

Contemporary
Accessibility Features:

32
Basement:

Yes
Basement Type:

Front Entrance
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor

Interior

Living Area SqFt Source:

Assessor

Room Dimensions

Living Area SqFt:

0 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Other
Possession:

31-60 Days CD

Location

Directions:

use GPS
Latitude:

40.06056595
Longitude:

-75.08298492

The Property

Property Subtype:

Other
Property Type:

Multi-Family
Lot Size Units:

Square Feet
Lot Size Acres:

0.20
Lot Size Source:

Assessor
Lot Size Dimensions:

70.00 x 125.00
Lot Dimensions Source:

Assessor
Lot SqFt:

8,750 Sqft
Exclusions:

business leases and tenants' personal belonging
Zoning:

CMX2
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

CA0
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

881223990
Tax Year:

2023
Tax Lot:

145
Tax Annual Amount:

$6,241
Tax Assessed Value:

$445,900
Year Assessed:

2023
School Tax:

3424.0
City/Town Tax:

2816.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

90% Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Pool:

No Pool
Cap Rate:

6.00

Parking

Garage:

No
Type of Parking:

Parking Lot

Extra Units

Vacation Rental:

No
One Bedroom Units:

3
Two Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

View a full report

Sale history

Date	Event	Source	Price	% Change
3/16/22 Mar 16, 2022	Listed / Active	BRIGHT	$1,680,000

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This multifamily located in Near Northeast Philadelphia, Philadelphia, PA 19111 is currently for sale for $1,680,000. 1016 Cottman Avenue is a – square foot multifamily with – beds and – baths. 1016 Cottman Avenue is in the Near Northeast Philadelphia neighborhood of Philadelphia and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of Kennedy C. Crossan School, Castor Gardens Middle School, and Northeast High School.

Listing Courtesy of: BRIGHT and Home Max Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.