1900 E CHELTEN AVENUE 16PHILADELPHIA, PA 19138
Subject of sale are 2 commercial parcels: 6350-54 Ogontz Ave and 1900-16 E Chelten Ave. Ogontz Ave parcel(roughly 12,000 sf interior) consists of 2 storefronts each spanning roughly 6,000 sf. One of them is currently occupied by a day care center and the other is awaiting a new tenant. Chelten Ave parcel(roughly 5,500 sf) consists of 6 storefronts that are fully occupied. These two parcels spanning roughly 17,550 sf together bring in over $290,000 in annual gross rents (including the one 6,000 sf curtrently vacant space which is projected conservatively to bring in $5,000/mon or $60,000 in annual rents). Total annual expenses are currently $26,535 that is broken down to $18,723 in property taxes for 2 parcels, $5,812 in property insurance, and around $2,000 in repairs and maintenance. Thus, the annual NOI would be over $263,000 - What an exellent investment property!
| 2 months ago | Listing first seen on site | |
| 2 months ago | Listing updated with changes from the MLS® |
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