Homes for sale - 1900-16 E CHELTEN AVE, Philadelphia, PA 19138

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Julie Holtkamp

julie@julieholtkamp.com +1(703) 786-6789

$ 3,500,000

Est. payment | -/mo

17,500 SqFt

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$ 3,500,000

Est. payment | -/mo

Save

17,500 SqFt

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

Listed by Sang-Mook Ha • Hanco Real Estate LLC

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Julie Holtkamp

REALTOR® | Lic# 0225184011

julie@julieholtkamp.com

+1(703) 786-6789

13575 Heathcote Blvd 310 Gainesville VA, 20155

1900-16 E CHELTEN AVE Philadelphia, PA 19138

Julie Holtkamp

Key Details

Location

Interior

Exterior

Building

Schools

Others

1900-16 E CHELTEN AVE