$590,000

1515 W Porter St

PHILADELPHIA PA, 19145

Description

Incredible investment opportunity in the bustling Girard Estates neighborhood in South Philly! This is a corner lot, mixed use property with the bottom floor the (future) home to a well-established local coffee shop and the second floor a beautifully renovated residential unit. The residential unit is on the 2nd floor and is a 2 bedroom 1 bath that is completely renovated. Wood flooring throughout with a brand new bathroom and kitchen with ample counter and storage space and new appliances (including a washer and dryer). This unit is currently vacant and ready to rent. The retail unit on the ground floor is the future home to a local cafe that is expanding. The coffee shop has an established 3-year lease at current rate ($1500/mo) with the option to negotiate after the third year. The current retail tenant is responsible for the outfitting of the space and is on pace to open December 1. This space is complete with custom and commercial grade windows and door. There is additional space in the rear of the first floor complete with a half bathroom that will be currently used for private dining and storage for the commercial tenant. This space can easily be converted into a 3rd (residential) unit in the future as it already has its own entry door. Additional features include brand new plumbing, new stucco, new roof, and more. This is an amazing opportunity for anyone looking to invest in a mixed use property.

Details

MLS#PAPH964270
Listing TypeFor Sale
Sub-TypeResale
Status10000069142
Year1920
Days On Site10

Features

SQ Feet1,760
Units3
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Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19145
Area19145 (19145)
Listing VS Median (in 19145)
Price:
$590,000
low | high
Med:
$250,000
100% of Average
SqFt:
1,760
low | high
Med:
1,340
73.863636363636% of Average
$ / SqFt:
$335
low | high
Med:
$187
94.346066278776% of Average
On Site:
10
low | high
Med:
45
22.222222222222% of Average
Listing Updated: November 25, 2020 8:56:26 PM PST
Jafar Maleki LogoMLS Number: PAPH964270
Listing Provided By:
Jafar Maleki  of  BHHS Fox Roach The Harper at Rittenhouse Square
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