Patterson-Schwartz Real Estate1016 Cottman Avenue, Philadelphia, PA 19111-3600 $1,680,000
Acreage: 0.2
Age:75 years
Taxes: $6,241
Design/Type:
Over Storefront
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 .
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
90% Forced Air, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Parking Lot
Interior
Front Entrance Basement, Accessibility - 32"+ wide Doors
Exterior
Masonry
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Public Elementary (90 schools)
Public Middle (25 schools)
Public High (36 schools)
Private (76 schools)
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This report is a detailed community overview for Philadelphia (19111), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 35
- Average salary of people in this community: $39,206
Community Summary
- Population Density (ppl / mile): 14,094
- Household Size (ppl): 2.78
- Households w/ Children: 70%
Housing Inventory
- Owned: 13,936 (52.8%)
- Rented: 10,315 (39.1%)
- Vacant: 2,155 (8.2%)
- Total: 26,406
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 6.4%
- Some High School: 8.5%
- High School Graduate: 35.3%
- Some College: 18.7%
- Associate Degree: 6.7%
- Bachelor's Degree: 16.8%
- Graduate Degree: 7.6%
Income by dollar range
Median Income: $51,051
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $774
- One Bedroom: $840
- Two Bedroom: $1,026
- Three Bedroom: $1,334
- Four Bedroom: $1,399
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Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-5202
Listing Courtesy of: Home Max Realty , (215) 904-7508
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 3/30/2025.
