5900 Market Street
Philadelphia, PA, 19139 $ 575,000
Baths0.0 Sq 3,520 Monthly Estimate*
$ 3,822
Studio
for $575,000. This 3,520 square foot building was built in 1915 on a lot size of 0.03.
Here presented to you is a rare corner mixed use multi-family turnkey investment opportunity in West Philadelphia. Discover the epitome of urban living at this prime corner location at Market and 59th St. This meticulously maintained property presents an amazing opportunity for investors seeking a lucrative addition to their portfolio. The property has six total units made up of one commercial unit, two studios, two one-bed one bath apartments, and one two bed one bath apartment. All units are currently rented out. The ground floor unit offers an ideal space for commercial endeavors, perfectly positioned to capitalize on the vibrant foot traffic in the area. With its strategic location, this commercial space promises unparalleled visibility and exposure for businesses of all kinds. Above the commercial space, five thoughtfully designed apartments await, each bathed in ample natural light that streams through expansive windows. These inviting living spaces are adorned with modern amenities, including ceiling fans, tiled bathrooms, and updated appliances, ensuring comfort and convenience for residents. The property gross is $5,602.17/month and $67,226.04/year. The tenants are responsible for the electricity. Parking is a breeze with abundant street parking available, while close proximity to public transportation hubs, amenities, and major roadways further enhances accessibility. Whether by car, train, or bus, reaching this bustling commercial corridor is effortless, making it an attractive destination for both residents and businesses alike. With a Walk Score of 82, the majority of daily tasks can be easily completed without relying on a car. A Transit Score of 70 indicates that public transportation is conveniently accessible for most journeys, while a Bike Score of 88 highlights the abundance of biking infrastructure in the area. Close by, you'll find a variety of dining options including Aku's Kitchen, Liberty Halal Gyro, and Yock's Sandwich-Ville USA, among others. Families will appreciate the proximity to several schools such as Barry Community John School, Sanctuary Christian Academy, and William L Sayre Middle School. For groceries, residents have easy access to Market at University Square, African Expressions, and The Fresh Grocer. Outdoor enthusiasts can enjoy nearby parks like Haddington Park, Haddington Recreation Center, and Cobbs Creek. Don't miss your chance to secure this prime investment in one of the city's most sought-after locations. Seize the opportunity to capitalize on the thriving market and unlock the full potential of this remarkable property. Schedule a viewing today and envision the endless possibilities that await at Market and 59th St.
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Commercial ActiveApartment Building,/General Retail
FeaturesInteriorHeating Fuel Electric
Flooring Wood
Hot Water Electric
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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GeneralSewer Public Sewer
Heating Baseboard - Electric
Cooling Ceiling Fan(s)
Possession Immediate
Zoning CMX3
Construction Materials Masonry
Year Built 1915
View City Street
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Gross Income 5333.00
Business Type Apartment Building Other/General Retail
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name HADDINGTON
Water Access Y/N N
Status ACTIVE
Directions Coming from the north side of N 59th St go straight the property is at the Southwest corner of Market St and 59th St.
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 6
MLS Area 19139 (19139)
Lot Size Square Feet 1336.00
Waterfront Y/N N
Street Name MARKET
Tax Annual Amount 1872.0
Property Condition Very Good
Price Per Sq Ft Total 163.35
Acceptable Financing Cash Conventional Other
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://view.ricoh360.com/728dc657-c3c0-45d4-9b45-5cc99b6969ed
Days on Market 31
Location Type Urban
Standard Status Active
Year Built Source Assessor
Tax Lot 120
Total Actual Rent 63996.00
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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ExteriorLot Features Corner Rear Yard
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 3520.00
Lot Dimensions 16.00 x 84.00
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 26700.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList Bythelistingteam@liveloveathome.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,822
- Monthly Property Taxes
- $156
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $974,402
Percent of Sale Price 69%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/19/2024 | $575,000 | | Listed Price |