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The Silverman Group, Inc
Mega Realty |
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| Maggie Benner, Realtor ASR |
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Email Maggie |
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Phone: |
(215) 947-0575 x202 |
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Cell: |
(215) 687-0780 |
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Fax: |
215-947-4045 |
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Type: Commercial
Style: brick
Basement: Yes
Size: 11,500 sq. ft.
Lot Type: Rectangular
Lot Size:
0.13acres
Taxes: $6,500.00 (2011)
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Solid 11250 sqft strip mall is located in a crowded area of North Philly. 7 upstairs apartments are fully rented, Rent from 500-550/month (total upstairs over 3500/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 1100/month and an eat-in take out restaurant (650/month); they are long term lease tenants with rent increase 5 per cent yearly. 4 other stores are also rented 400 each by a church, a clothing, an office, and a beauty salon (Total ground floor is 3550/month. Rent total over 7000/month owner pays cold water about 360/m, Tax, and common electric. Make a calculation and appreciate an excellent positive cash flow to invest. Make a calculation and appreciate
Taxes/Yr: 6500 / 2011
Acr/SqFt 0.13 / 5,625
Lot Dim 225X25
Estimate 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
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