Philadelphia, PA 19111,1016 COTTMAN AVE
Philadelphia, PA 19111,1016 COTTMAN AVE
Philadelphia, PA 19111,1016 COTTMAN AVE
46
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Listed by Mike Chen • Home Max Realty
$1,680,000
Est. payment /mo
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8,750 Sqft Lot
Active

1016 COTTMAN AVE Philadelphia, PA 19111

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Joseph Resciniti

Joseph Resciniti

+1(732) 547-1572

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2094662

Style Contemporary

Year Built 1950

Annual Tax Amount $6,241

Tax Year 2023

Lot Size 8,750 Sqft

Acres 0.2

Lot Dimensions 70.00 x 125.00

Property Sub-Type Other

Source BRIGHT

Property Description

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear.
This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills.
are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .

Location

State PA

County Philadelphia

Area 19111 (19111)

Zoning CMX2

Rooms

Basement Front Entrance

Interior

Hot Water Natural Gas

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 32\"+ wide Doors

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881223990

Ownership Fee Simple

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

Bright MLS (BMLS)
Nearby Locations
SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Rydal East School

    Public | KG - 6

  • 8

    McKinley School

    Public | KG - 6

  • 7

    Glenside Elementary School

    Public | KG - 4

  • 7

    Joseph J. Greenberg Elementary School

    Public | KG - 8

  • 6

    Wyncote Elementary School

    Public | KG - 4

  • 5

    Myers Elementary School

    Public | KG - 4

  • 5

    Eugenio Maria de Hostos Charter School

    Public | KG - 8

  • 5

    Elkins Park School

    Public | 5 - 6

  • 5

    Cheltenham Elementary School

    Public | KG - 4

  • 5

    Northwood Academy Charter School

    Public | KG - 8

  • 5

    Fox Chase Academics Plus

    Public | KG - 5

  • 5

    Louis H. Farrell School

    Public | KG - 8

  • 5

    Mayfair Elementary School

    Public | KG - 8

  • 5

    Planet Abacus Charter School

    Public | KG - 8

  • 4

    Thomas K. Finletter Academics Plus School

    Public | KG - 8

  • 4

    Grover Washington, Jr. Middle School

    Public | 5 - 8

  • 4

    Universal Creighton Charter School

    Public | KG - 8

  • 4

    Mastery Charter School - Smedley Elementary

    Public | KG - 6

  • 4

    Tacony Academy Charter School

    Public | KG - 12

  • 4

    Rhawnhurst Elementary School

    Public | KG - 5

Middle Schools 5
  • 7

    CCA Baldi Middle School

    Public | 6 - 8

  • 4

    Woodrow Wilson Middle School

    Public | 6 - 8

  • 2

    Austin Meehan Middle School

    Public | 6 - 8

  • 1

    Feltonville School of Arts and Sciences

    Public | 6 - 8

  • 0

    Truebright Science Academy Charter School

    Public | 7 - 12

High Schools 8
  • 2

    Northeast High School

    Public | 9 - 12

  • 1

    Aspira Olney Charter High School

    Public | 9 - 12

  • 1

    Samuel Fels High School

    Public | 9 - 12

  • 1

    Frankford High School

    Public | 9 - 12

  • 1

    Abraham Lincoln High School

    Public | 9 - 12

  • 0

    International Christian High School

    Private | 9 - 12

  • 0

    St Basil Academy

    Private | 9 - 12

  • 0

    The Bridge School

    Private | 9 - 12

School and business data provided by Attom Data.

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Joseph Resciniti

Joseph Resciniti

Broker Associate | NJ Lic#NJ-Lic#2183769*PA-Lic#AB069463

+1(732) 547-1572

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1016 COTTMAN AVE