Subject of sale are 2 commercial parcels: 6350-54 Ogontz Ave and 1900-16 E Chelten Ave. Ogontz Ave parcel(roughly 12,000 sf interior) consists of 2 storefronts each spanning roughly 6,000 sf. One of them is currently occupied by a day care center and the other is awaiting a new tenant. Chelten Ave parcel(roughly 5,500 sf) consists of 6 storefronts that are fully occupied. These two parcels spanning roughly 17,550 sf together bring in over $290,000 in annual gross rents (including the one 6,000 sf curtrently vacant space which is projected conservatively to bring in $5,000/mon or $60,000 in annual rents). Total annual expenses are currently $26,535 that is broken down to $18,723 in property taxes for 2 parcels, $5,812 in property insurance, and around $2,000 in repairs and maintenance. Thus, the annual NOI would be over $263,000 - What an exellent investment property!
The income description goes here to explain
List Price | $3,500,000 |
Property Type | Retail |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 1925 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 882919508 |
MLS # | PAPH2452366 |
Property ID | 320156675 |
Lot Sqft | 18,000 |
Zoning | COM |
Total Units | 8 |
Days on Market | 26 |
Original List Price | Unknown |
Date Updated | March 05, 2025 |
Date Created | March 04, 2025 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $290,000 | $0 |
Operating Expenses | $ 26,535 |
Net Income (Yr) | $ 263,000 |
Cap Rate | 7.50% |
Sang-Mook Ha an agent of . Lic #RM422610
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