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- $851k Price
- .04 Acres
- 132 DOM
6728-30 Old York Rd
Stabilized Investment Opportunity. 6728-30 Old York Rd features (1) ground-floor commercial space and (2) 2-bedroom/1 bath apartments on the upper floors. The Commercial space is currently leased to a successful restaurant tenant at $5,834 NNN through 2028 (with option to renew) and a 3% annual increase in rent. The restaurant has a vast local presence having family-operated for 40+ years with a large following/customer-base. NNN lease requires tenant to be responsible for insurance premiums, U&O tax & all utilities. Real estate taxes are paid by tenant upon renewal following initial sixty-month term. Both apartments feature: (2) bedrooms, 1 full bathroom, stainless steel kitchen appliances & washer/dryer in units. Second floor has an outdoor space. 3rd floor is leased at $1,550/month through 11/30/2025 & 2nd floor to be rented at $1,450 a month. Each unit is separately metered & tenants pay all utilities. The building is located in a Qualified Opportunity Zone (QOZ), providing potential tax benefits for investors to have the ability to defer or eliminate federal taxes on capital gains. Don't miss this excellent opportunity to own a fully remodeled building with steady rental income and promising continued potential in a sought-after location.
Essential Information
- MLS® #PAPH2398114
- Price$851,000
- Bathrooms0.00
- Acres0.04
- Year Built1930
- TypeCommercial Sale
- Sub-TypeMixed Use
- StatusActive
Community Information
- Address6728-30 Old York Rd
- Area19126
- CityPHILADELPHIA
- CountyPHILADELPHIA-PA
- StatePA
- MunicipalityPHILADELPHIA
- Zip Code19126
Interior
- Heating90% Forced Air, Wall Unit
- CoolingDuctless/Mini-Split
School Information
District
THE SCHOOL DISTRICT OF PHILADELPHIA
Additional Information
- Date ListedSeptember 20th, 2024
- Days on Market132
- ZoningCMX2
Listing Details
- OfficeKW Empower
Price Change History for 6728-30 Old York Rd, PHILADELPHIA, PA (MLS® #PAPH2398114)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $851,000 | $44,000 (4.92%) | |
| Price Reduced | $895,000 | $29,900 (3.23%) | |
| Price Reduced (from $925,000) | $924,900 | $100 (0.01%) |
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Listing information last updated on January 31st, 2025 at 2:31pm CST.