Description
Opportunity knocking, Corner Property, Commercial Mixed Use! First Floor commercially zoned that was previously a restaurant, spacious commercial space and an open layout ready to be customized by the new occupant. Potential rent revenue $1300 monthly. 1st fl has access of the full length unfinished basement. Has own utilities-gas & electric. The 2 upper floors currently has 3 apartments-2 Studio apartments and a 2 bedroom apartment. There is opportunity for the apartments to stay as-is and have rental income of about $2300 or convert the 2 floors to 1 large living space. Excellent opportunity for an investor looking for an ideal cash flowing investment or a business owner looking to live above their store. Conveniently located off Allegheny Ave and local transportation hubs. This property is eligible for the Store Front Improvement Project- if accepted the City will reimburse you for up to $15,000, email SIP@phila. gov for more information. Please see the attached documents regarding the program.
