406 W Chelten Avenue W Philadelphia, PA $ 900,000
406 W Chelten Avenue W
$ 900,000
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406 W Chelten Avenue W

Philadelphia, PA, 19144
$ 900,000
Baths0.0 Sq 5,525

Monthly Estimate*

$ 5,982

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Studio

Commercial Property for sale in Philadelphia, PA

for $900,000. This 5,525 square foot building was built in 1925 on a lot size of 0.1.

Well-maintained, Mixed-use Income producing property in historic Germantown. with 5 rentals units and store front zoned CMX2 Ideal location that is highly visible, accessible, and expandable. This stone front twin Victorian features a warm and inviting beauty salon that has been successfully owned and operated for many years. Ideally, this unit can be leased at market rate and is currently leased backed to Owner. The rear of building offers space for unlimited potential like pop-up shops, office and or other services and a beautiful backyard great for outdoor entertainment. This stunning Victorian style mansion features high ceiling hardwood floors and five additional rental units. On the first floor there is a spacious two-bedroom apartment with fireplace and laundry facilities. Two one-bedroom unit on Secord floor and two one-bedroom units on third floor. The building is up to date on all safety and fire codes and surveillance system. All tenants utilities are separate. There is a one car garage that is also rented for a $100.00 monthly. Property is Less than one mile from regional train lines, public transportation, scenic Lincoln drive with accessible roadways to I-76 and downtown Philadelphia. Only minutes away from Center City. Close to restaurants and shops in West Mt. Airy and Chestnut Hill and walking trails in nearby Fairmount Park. Great investment property and/or owner-occupant /business. Price adjustment

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Commercial Active

Price

$ 900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,644

Style

Apartment Building,Hair Salon and Spa

Lot Size

0.1

Year Built

1925

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2295192

Features
Interior
Heating Fuel Natural Gas
Flooring Concrete Carpet
Hot Water Natural Gas
Heating Y/N Y
Street Suffix AVENUE
Central Air Y/N N
Total Restrooms 8
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General
Sewer Public Sewer
Heating Hot Water
Cooling None
Utilities Water Available Sewer Available Natural Gas Available Electric Available
Possession 31-60 Days CD
Roof Flat
Zoning COM
Security Features Fire Detection System Main Entrance Lock
Construction Materials Stone
Exclusions To be determine
Year Built 1925
Electric 100 Amp Service Circuit Breakers
Property SubType Five Or More Units
Tax Year 1998
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Gross Income 71308.00
Business Type Apartment Building Hair Salon and Spa
Accessibility None
County PHILADELPHIA
Net Operating Income 55215.00
Operating Expense 1341.00
Insurance Expense 5400.00
New Construction N
Property Type Commercial Sale
Possible Use Apartment Building Apartments Barber/Beauty Commercial Convenience Store Clothing Day Care Flex Space Financial Dry Cleaner Florist/Nursery Food & Beverage Food Market Laundromat Medical/Dental Multi
Water Access Y/N N
Status ACTIVE
Directions North on board street to Stenton Ave. turn left and follow to Chelten Ave go west to 406 W. Chelten Ave.
City PHILADELPHIA
Buyer Agent Compensation 2.5
Zoning Description CMX2 neighborhood services
Total Units 6
MLS Area 19144 (19144)
Lot Size Square Feet 4488.00
Waterfront Y/N N
Street Name CHELTEN
Tax Annual Amount 2644.0
Property Condition Very Good
Trash Expense 500.00
Price Per Sq Ft 171.43
Acceptable Financing Conventional Cash
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://vimeo.com/882951796?share=copy
Days on Market 175
Location Type Urban
Standard Status Active
Year Built Source Estimated
Total Actual Rent 89102.00
Cap Rate 5.90
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private
Water Source Public
Inclusions All apartment Applicance security cameras
Type of Parking Private Garage
Foundation Details Concrete Perimeter
Water View Y/N N
Building Area Total 5250.00
Lot Size Acres 0.10
Lot Size Units Square Feet
Lot Size Source Estimated
Other Equipment Negotiable
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 406
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* Excluded Features
List By
Reliance Realty

Broker

reliancerealty@verizon.net

Email

Affordability Calculator

$6,202
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,982
Monthly Property Taxes
$220
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/15/2024$900,000 -1.10% Price Down
2/24/2024$910,000 -1.62% Price Down
11/8/2023$925,000 Listed Price

Map


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406 W Chelten Avenue W, Philadelphia, PA, 19144 is a Commercial Property for sale at $900,000 with 5,525 sqft and a lot size of 0.1. 406 W Chelten Avenue W is a studio with 0.0 baths and was built in 1925. The property's zip code is 19144 which is in Philadelphia, PA