1059 VAN KIRK STREET PHILADELPHIA PA 19149 | Keller Williams Realty


  • 0 bed | 0 fullbath | 0 sqft | Commercial
  • $299,000

  • Est. Monthly Payment: $1,232,123/mo calculator
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Charles Balducci

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Investor Entrepreneur Alert: Established Mixed-Use Commercial Property For Sale on a prominent corner with high traffic counts in the Oxford Circle Area of Philadelphia. Good for either owner-occupant or investor. Total Annual Income: $37,744, 5% Residential Vacancy, 20% Expenses, NOI $29,882, ROI is 21% of 75% LTV investment. DSCR is 2.13. This leveraged model generates a 10% CAP at the asking price. The property contains one one-bedroom (Section-8) and one studio apartment, both with hardwood floors, good kitchen, and bath, electric heat; plus one 1,275 SF commercial retail space actively used as a pizzeria. Separate meters. Essentially, the present residential income covers the mortgage, so the commercial component can be managed as the money-maker. Sale of real estate only, no commercial fixtures. Existing commercial tenant has renewed a five-year lease to expire in 2023. Manifest your dream. Call for additional details, property brochure or appointment.

Interior Features

  • Bedrooms: 0
  • Full Baths: 0
  • SQFT: 0

Exterior Features

  • Lot Size: 1742.399961
  • Stories: 0


Community Details

Additional Information

  • Property Type: Commercial
  • Ski Subdivision: Oxford Circle
  • Annual Taxes: 2207
  • Year Built: 1925

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