|
|
|
Citizens Premier Real Estate
|
|
|
|
| |
|
| Peter Lavelle |
|
Email Peter |
| |
|
Phone: |
215-725-0500 |
|
Cell: |
215-906-6702 |
|
|
|
|
|
|
|
|
Address:
3601-23 N. 22nd street
Type: Commercial
Style: brick
Basement: Yes
Size: 11,500 sq. ft.
Lot Type: Rectangular
Lot Size:
0.13 acres
Taxes: $5,950.00 (2008)
|
|
|
|
|
|
Solid 11250 sqft strip mall is located in a crowded area of North Philly. 7 upstairs apartments are fully rented, Rent from 475-520/month (total upstairs 3370/month) each of them has windows, kitchen, 1 large bedroom, living room, central air, separate utilities, common laundry on 2nd floor, and all make an easy living. 6 stores on ground floor are also rented. 2 anchor stores are grocery stores 1081/month and an eat-in take out restaurant (610/month); they are long term lease tenants with rent increase 5 per cent yearly. 4 other stores are also rented by a church, a clothing, an office, and a beauty salon (Total ground floor is 3511/month. Rent total 6881/month owner pays cold water, Tax, and common electric. Make a calculation and appreciate an excellent positive cash flow to invest. Make a calculation and appreciate
Taxes/Yr: 5950 / 2007
Assessment 72000
Lot Information
Acr/SqFt 0.13 / 5,625
Lot Dim 225X25
Financial Information
Gross Ann Inc $85572
Total Ann Exp $18,000
Net Operating Inc $ 67572
Cap Rate 9.65
Ann Elec Exp $300
Ann Wtr/Swr Exp $2,500
Ann Ins Exp $6,000
Ann Maint Exp $1,000
Ann Other Exp $200
|
|
| |
|