1. Pennsylvania
2. Philadelphia
3. 5900 MARKET ST

5900 MARKET ST, Philadelphia, PA 19139

Property Description

Turnkey multifamily investment opportunity in West Philadelphia: corner mixed-use building with 5 residential units plus 1 commercial space, fully-occupied with an in-place 8.3% cap rate! Fully-renovated in 2022. Located at the intersection of 59th Street and Market Street, just 1 block from the 60th Street stop on the MFL, this well-maintained asset provides both immediate cash-flow and future upside as the surrounding neighborhood continues it's growth trajectory. Comprised of six total units: one commercial space, two studios, two one-bedroom apartments, and one two-bedroom apartments. Generating $5,877 per month in rents ($70,524 annually). Local amenities include: Cobbs Creek Golf Course: "an industry leading restoration project that includes a multitude of golf and community amenities"; Restaurants: Aku's Kitchen, Liberty Halal Gyro, Yock's Sandwich-Ville USA; Schools: Barry Community John School, Sanctuary Christian Academy, William L Sayre Middle School; Grocery Stores: Market at University Square, African Expressions, The Fresh Grocer; Parks & Rec: Haddington Park, Haddington Recreation Center, Cobbs Creek. Offering memorandum available upon request.

Listing Status:

Active

Listing Office:

Select Commercial Advisors : 2153153326

Listing Agent:

Samantha Lee Miller : 2153153326

MLS ID:

PAPH2519018

Interior

• Flooring: Wood
• A/C: Ceiling Fan(s)
• Heating: Baseboard - ElectricElectric
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Samantha Lee Miller, Select Commercial Advisors