4742 Richmond Street Philadelphia, PA 19137
Turnkey Mixed Use Investment Opportunity - Over 11% CAP Rate! The sale includes parcels: 453312700, 453128900, and 871571840. This fully occupied property presents an incredible investment opportunity with a capitalization rate (CAP rate) exceeding 11%. Located in the Bridesburg neighborhood this sale includes the parking lot at 2795-97 Kirkbride Street, this property is a rare find, combining commercial and residential income streams. Property Features: Bar/Restaurant: Monthly Rent: $4000 Lease: 5-year term with a reliable tenant ensuring steady income. Residential Units: 1 Bedroom Apartment: $700/month 5 Bedroom Apartment: $2000/month Both units are updated with hardwood floors and newer appliances, providing a modern and comfortable living experience for tenants. Additional Income: Parking Lot: $650/month rental agreement Adds value and convenience for tenants and potential additional revenue. The CAP rate for this property with a purchase price of $599, 000, considering 10% for general expenses and 5% for vacancy expenses, is approximately 11.52%. Key Highlights: Turnkey investment with minimal immediate maintenance required Fully occupied with reliable tenants Updated rental units with hardwood floors and newer appliances Additional revenue from a private parking lot and city rental agreement This property is perfect for investors seeking a high return with stable, diversified income. Don’t miss out on this exceptional opportunity! For more information or to schedule a viewing, please contact us today.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyPhiladelphia
- Taxes$3,807
- HOA/Condo/Coop Fees$0
- Days on Site39 Days
- MLS StatusPending
- MLS ID NumberPAPH2388270
- Home Size Source Estimated
- Year Built1910
- Lot Size0.05 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Other
- Parking PrivateParking Lot
- Sewer Public Sewer
- Acreage 0.05
- Water Public
- Attached Garage No
- Foundation Other
- Zoning RSA5
- Listing Conditions Real Estate Owned
Interior Features
- Cooling Wall UnitElectric
- Heating RadiantNatural Gas
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area 19137 (19137)