565 N 20th St
PHILADELPHIA, PA 19130

$1,100,000

Description

Incredible opportunity to own a blue chip investment in one of the most well established neighborhoods in Philadelphia - Spring Garden/Art Museum. This mixed-use property features commercial space on the first floor that is currently being occupied by the owner and 4 residential units up top. The commercial space owns a liquor license that is not included in the sale of the building but could be negotiated to be included. The owner is also open to selling the business separately or with the building. The business is currently a specialty beer distributor with a loyal and longstanding client base. The residential units are all currently occupied and all feature 1 bed, 1 bath. Two units are rented for $950/month and the other two are rented for $900/month. With minor cosmetic updates the rental income could be increased as well for the residential units. Leases available upon an acceptable offer. Don't miss out on an opportunity to own a staple in a beautiful and desirable neighborhood. Check OPA for 2019 taxes due to possible citywide reassessment.

Details

MLS#PAPH408894
Sub-TypeResale
StatusActive
Year1918
Days On Site94

Features

Units4

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19130
Area19130 (19130)
Listing VS Median (in 19130)
Price:
$1,100,000
low | high
Med:
$199,000
100% of Average
On Site:
94
low | high
Med:
15
100% of Average
Listing Updated: 03/18/2019
MLS Number: PAPH408894
Listing Provided By:
Michael R McCann  of  Keller Williams Philly