Take advantage of this great income producing property in North Philadelphia. The property is zoned as CMX2 and features three units: two apartments and a commercial space. The apartments have two separate entrances on Albanus Street and features a three bedroom apartment and a two bedroom apartment. The commercial/retail space entrance is on the corner of 18th and Albanus. All units are tenant occupied with the apartment tenants on a month to month lease and the commercial tenant on long-term lease that expires in three years. The retail business is a long-term tenant with a successful grocery/luncheonette store. Each unit has its own hot water heater/tank and electric meter. All utilities are electric and paid by the tenants. Annual income produced by building is $35,000 a year. There is no basement on this building. The commercial space is the lower level and at street level.
Listing courtesy of Compass RE.
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