5900 MARKET ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19139
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,520 sqft
Price per Sqft $170
Subdivision Haddington
MLS Listing ID PAPH2519018
Year Built 1915
Annual Tax Amount $3,042
Tax Year 2025
Lot Size 1,336 Sqft
Acres 0.03
Lot Dimensions 16.00 x 84.00
Property Sub-Type Five Or More Units
Source BRIGHT
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. See virtual tour link for videos of interior.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Ceiling Fan(s)
Flooring Wood
Heat Source Electric
Exterior
Water Access N
View City,Street
Accessibility None
Garage N
Building
Lot Description Corner,Rear Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871048300
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
Virtual Tour https://youtu.be/Tr6u4ZmVm5E