1900-16 E CHELTEN AVE new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19138
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 17,500 sqft
Price per Sqft $200
MLS Listing ID PAPH2452366
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $9,569
Tax Year 2024
Lot Size 0.413 Acres
Acres 0.41
Property Sub-Type Retail
Property Description
Subject of sale are 2 commercial parcels: 6350-54 Ogontz Ave and 1900-16 E Chelten Ave. Ogontz Ave parcel(roughly 12,000 sf interior) consists of 2 storefronts each spanning roughly 6,000 sf. One of them is currently occupied by a day care center and the other is awaiting a new tenant. Chelten Ave parcel(roughly 5,500 sf) consists of 6 storefronts that are fully occupied. These two parcels spanning roughly 17,550 sf together bring in over $290,000 in annual gross rents (including the one 6,000 sf curtrently vacant space which is projected conservatively to bring in $5,000/mon or $60,000 in annual rents). Total annual expenses are currently $26,535 that is broken down to $18,723 in property taxes for 2 parcels, $5,812 in property insurance, and around $2,000 in repairs and maintenance. Thus, the annual NOI would be over $263,000 - What an exellent investment property!
Location
State PA
County Philadelphia
Area 19138 (19138)
Zoning COM
Interior
Hot Water Natural Gas
Heating Other
Cooling Central A/C,Wall Unit
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility Other
Garage N
Building
Lot Description Corner,Level
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882919508
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard