Philadelphia, PA 19141,5203 N BROAD ST
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Philadelphia, PA 19141,5203 N BROAD ST
Philadelphia, PA 19141,5203 N BROAD ST
Philadelphia, PA 19141,5203 N BROAD ST
Philadelphia, PA 19141,5203 N BROAD ST

$85,000

Est. payment /mo

$139,000

38.8%
Est.Price: ?

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5203 N BROAD ST Philadelphia, PA 19141

2,408 Sqft Lot

SOLD DATE : 04/28/2017

Key Details

Sold Price $85,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Logan

MLS Listing ID 1003633143

Sold Date 04/28/17

HOA Y/N N

Originating Board TREND

Year Built 1930

Annual Tax Amount $1,736

Tax Year 2017

Lot Size 2,408 Sqft

Acres 0.06

Lot Dimensions 45X54

Property Description

Alerting all investors, landlords business owners looking for a multi use properties. This architecturally unique Victorian property is located on busy Broad Street right in front of Einstein hospital and is priced to sell. This property also has a lot on the side giving you 45 feet of frontage right on Broad Street. Buildings along this stretch of Broad street are listed for hundreds of thousands more and rarely ever go up for sale! The property is being sold in "as is" condition. It has been carefully maintained by the same owner for the past 30 years and was used as his home as well as a meeting place for his mininstry on the first floor space. The entire property is owner occupied but was originally fitted out for a commercial use on the first floor space and a 2 bedroom apartment with full bath & kitchen on the 2nd floor and 1 bedroom apt with full bath and kitchen on the 3rd floor. A spacious entry vestibule gives you access to the separate entrance to the first floor unit and another separate entrance to the staircase that leads to a separate entry door to the 2nd floor apt and separate entry door to the 3rd floor apt. This property has multiple uses. 1)The competitive offering price along with the first floor open floor plan allows potential business owner's to easily customize their new business space to suit their needs 2) You can rent one or more units and live in one of the apts generating monthly income to pay your mortgage 3)Investors or landlords can rent out all 3 units and capture an astounding above market return on their investment. Because of this property's location in front of Einstein Hospital, buildings along this stretch of Broad street are highly sought after for doctor's offices, daycare and many other healthcare uses. There is ample parking in front of the property on Broad street and the street behind the property. First floor Space - Oil Heat w separate meter , has central air ducts but central AC unit not working Second floor Apt- Gas Heat w separate meter, No Central Air Third floor Apt - Gas Heat w separate meter, No central Air Electric is currently on one meter, but was on 3 meters before and can be easily modified to 3 meters again. Be the first to own a rare architectural gem on the most coveted block on Broad Street in the Einstein hospital area for hundreds of thousands less than other listed properties in the area.,The projected income on this property for the 3 units in as is condition: First Floor- Commercial space- 800 Second Floor- 2 Bedroom - 675 Third Floor - 1 Bedroom - 595 Total Projected Yearly Income 24,840 Yearly Expenses (2,954), Net projected Yearly Income 21,886. See attached Cap Rate projections sheet.

Location

State PA

County Philadelphia

Area 19141 (19141)

Zoning RTA1

Rooms

Other Rooms Primary Bedroom

Interior

Fireplace N

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 493249000

Ownership Fee Simple

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Bright MLS (BMLS)
Listed by Chris Lucien • Keller Williams Philadelphia
Bought with Boris Kindij • Tesla Realty Group, LLC

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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