1016 Cottman Ave, Philadelphia, PA 19111
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
1016 Cottman Ave,Philadelphia, PA 19111
$1,680,000
- 7 Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jie chen
Office: home max realty
MLS#:PAPH2094662
Source:BRIGHTMLS
Price summary
- Price:$1,680,000
About this home
True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear.
This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills.
are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .
Contact an agent
Home facts
- Year built:1950
- Listing ID #:PAPH2094662
- Added:1067 day(s) ago
- Updated:December 30, 2025 at 02:30 PM
Rooms and interior
- Bedrooms:7
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Natural Gas
Structure and exterior
- Year built:1950
- Lot area:0.2 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,680,000
- Tax amount:$6,241 (2023)
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