Philadelphia, PA 19145,2130 S BROAD ST
Philadelphia, PA 19145,2130 S BROAD ST
Philadelphia, PA 19145,2130 S BROAD ST
Philadelphia, PA 19145,2130 S BROAD ST
Philadelphia, PA 19145,2130 S BROAD ST
Philadelphia, PA 19145,2130 S BROAD ST
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$550,000

$565,000

2.7%
Est.Price: ?

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Est. payment /mo

1,280 SqFt


SOLD DATE : 07/11/2023

Key Details

Sold Price $550,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 1,280 sqft

Price per Sqft $429

MLS Listing ID PAPH2237408

Sold Date 07/11/23

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $5,322

Tax Year 2022

Lot Size 1,280 Sqft

Acres 0.03

Lot Dimensions 16.00 x 80.00

Property Description

INVESTOR ALERT- More PICS Coming Soon - 5 unit CMX2 building already making money with a Lot of Value Add Opportunity. Currently the projected Cap Rate potential is 5.2 percent with lots of potential to easily increase the cap rate and profit margin to a 11 percent Cap Rate. Great location in South Philly on busy Broad St close to a bus stop, subway stop is less than a half block away, and down the street you will find Starbucks, TD Bank, and Jefferson Methodist Hospital. The building consists of a LARGE Commercial Space on the ground floor with a double basement equal to the foot print of the Commercial Unit. Entrance is street level so a lot of options for running your own business or easily renting it out. Recently Updated Fire Alarm System Exit Signs, and Backup Lighting. There are 4 LEGAL 1-bedroom apartments above the commercial space. Three of the units are rented below market value with long term tenants and one vacant unit that needs work. The apartments need updating to maximize income and profit. The location is great--close to Center City and the Stadiums. A great play would be to renovate the apartments and use 2 as long-term rentals and 2 as Short-Term Rentals, like AirBNB, because of the location and zoning. Please inquire about the market cap analysis. Priced to sell and truly a Great Value Add on Broad Street.

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Heat Source Natural Gas

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 871121700

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by John J. Zloza • KW Philly
Bought with Bo Liu • BY Real Estate
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1765 Greensboro Station PL, McLean, VA, 22102, United States

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