4824 - 4822 N Broad Street, Philadelphia, PA 19141

Property Description

Two adjoining mixed-use buildings on North Broad Street in Logan, sold together: 4822 and 4824 N Broad St. Each is a three-story masonry building with a ground-floor storefront and two apartments above, for six units in total. All six units are occupied. The four apartments are 2 bedroom, 1 bath units of about 1,000 sq ft each, and both storefronts (about 1,000 sq ft each) are leased to one established commercial tenant, including a long-running barbershop. Current gross rent is $7,000 per month ($84,000 per year): apartments at $1,000 and storefronts at $1,500. Each building has about 3,024 sq ft on a 16 x 107 ft lot, zoned CMX-2.5, on its own tax parcel (OPA 871082400 and 871082450), so you can hold both or sell one later. Renovated in 2012 under city permits, including 400-amp electric service with separate meters, a fire alarm system and updated plumbing. Busy North Broad Street frontage with Broad Street Line access nearby. Each building is also offered separately. Please do not disturb tenants; showings by appointment only.

Property Features

Local Schools