Corner-Lot Mixed-Use Investment with Below-Market Rents - Nicetown, North Philadelphia 4-unit mixed-use investment on a 3,733 SF corner lot (44' x 85'), RM-1 zoning, 1930-built masonry construction. Two ground-floor commercial units and two second-floor residential apartments (1BR/1BA and 2BR/1BA), all four fully occupied under long-term, stable leases generating $3,700/month in current actual rent. Rents are below comparable Nicetown-area rates for both the commercial and residential units, with lease turnover anticipated within 1-2 years - giving investors a clear, near-term path to increased cash flow without displacing existing tenants today. The corner position and dual-use configuration offer flexibility for owner-occupant business use, continued investment hold, or repositioning at turnover. Located minutes from the SEPTA Wayne Junction Regional Rail station, recently rehabilitated as part of a $45M infrastructure investment, and within a corridor seeing active new multi-family construction on nearby blocks. Showings by appointment only - proof of funds and 48 hours' notice required to minimize disturbance to occupied tenants. Property sold as-is. Buyers should independently verify zoning compliance, use registration, and required permits with the City of Philadelphia Department of Licenses & Inspections prior to settlement.
| MLS # | PAPH2642114 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1930 |
| Days On Site | 107 |
| Listing Provided By | HomeSmart Realty Advisors | Leah Janine Burnett |
| SQ Feet | 1,548 |
|---|---|
| Units | 4 |
| Zoning | RM1 |
| Acreage | 0.09 |
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
| Roof | Flat |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Brick/Mortar |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 2005 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19140 |
| Area | 19140 (19140) |
| Community Name | NICETOWN |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in NICETOWN) | |
Price: $400,000 low | high Med: $104,950 sqft: 1,548 low | high Med: 969 $ / sqft: $258 low | high Med: $118 On site: 107 low | high Med: 137.5 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19140 |
| Area | 19140 (19140) |
| Community Name | NICETOWN |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in NICETOWN) | |
Price: $400,000 low | high Med: $104,950 sqft: 1,548 low | high Med: 969 $ / sqft: $258 low | high Med: $118 On site: 107 low | high Med: 137.5 | |