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25515974
25515976

4323 Lancaster Ave, Philadelphia, PA 19104

GA
PA RB070144
HomeSmart Realty Advisors
Listed by HomeSmart Realty Advisors
$920,000
312 days on market
Updated 100 days ago
Opportunity zone

4323 Lancaster Ave.Philadelphia, PA 19104

Details
Property Type Mixed Use
Sub Type 1
Square Footage 6,532
Units 6
Cap Rate 9.46%
NOI $87,000
Occupancy 100%
Tenancy Multi
Broker Co-Op Yes
Year Built 1925
Buildings 1
Lot Size (SqFt) 4,800
Zoning CMX-2
Ownership Fee Simple
Sale Condition For sale by owner

Mixed Use | 9.46% CAP | 6,532 SqFt

Marketing description

4323 Lancaster Avenue presents a fully leased mixed use property offering a strong and stable investment opportunity in the heart of West Philadelphia along the Lancaster Avenue corridor. Situated close to the University of Pennsylvania, Drexel University, and Penn Presbyterian Medical Center, the property offers convenient access to Center City via the Route 10 trolley. The building includes four stabilized units: two spacious commercial spaces, each over 1,500 square feet, currently occupied by a restaurant and a daycare, both under triple net lease agreements, and two residential apartments, each featuring one bedroom and one bathroom. This well-balanced unit mix offers both residential and commercial income streams, and the property generates over $87,000 in annual net operating income.

Investment highlights

FULLY OCCUPIED

WALKING DISTANCE TO UNIVERSITY CITY

SOLID RENTAL INCOME

Listing Contacts

GA
PA RB070144
HomeSmart Realty Advisors
Listed by HomeSmart Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$87,000.00
$7,250.00/mo

Valuation Metrics

0
DSCR
9.46%
Cap Rate
9.46%
ROI

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Additional Information

Name
Gazi Ataseven
License
RB070144
Brokerage
HOMESMART REALTY ADVISORS
Brokerage Phone
267.774.6886
Title
BROKER AND OWNER
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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