Rare opportunity to acquire a mixed-use property in the heart of Chinatown, Philadelphia, one of the most vibrant and sought-after neighborhoods in Philadelphia. This versatile building features four residential units and one street-level commercial storefront, offering strong income potential for both investors and owner-operators. The property includes two spacious 2-bedroom apartments and two 1-bedroom apartments, along with a ground-floor retail space currently occupied by a mini-mart with a long-term lease. The commercial tenant pays $3,000/month plus one-third of the real estate taxes and one-third of the property insurance, providing a stable income stream. One 1-bedroom unit is currently rented for $800/month on a month-to-month lease, while the remaining residential units are vacant after being previously occupied by family members, offering immediate value-add potential for new ownership. With rental demand in the area strong, 2-bedroom units in the neighborhood commonly command $1,500–$1,800 per month. The property does require some updates, presenting an excellent opportunity for investors to renovate, increase rents, and maximize returns in a prime Center City location surrounded by restaurants, shopping, and convenient transportation. For additional information or to schedule a showing, please contact the listing agent.

Listing courtesy of Castle Realty Services LLC



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.