UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Kensington
MLS Listing ID PAPH2488444
Year Built 1915
Available Date 2025-06-01
Annual Tax Amount $1,177
Tax Year 2024
Lot Size 1,257 Sqft
Acres 0.03
Lot Dimensions 16.00 x 79.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Kensington Ave: a Brick and Stucco Mixed use building consisting of an occupied first floor commercial unit, and 2 occupied residential units (both are 1 bed/1 bath apt units) on the second and third floors above. The building is approx 2100 sq ft and has plenty of on street parking.
The commercial unit is currently a productive new Convenience Store with a 3 year lease & automatic rental increases. In 2025 the commercial unit rent is $1400/month.
The two apartment units have current leases of $800 and $750/month respectively. The leases in total currently produce a net income total of $2950/month.
All of the units were renovated in 2020.
This income producing building in the Kensington section of Philadelphia is close to the El, Kensington Works and many new businesses.
Building is in very good condition and is being sold as-is.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning CMX2
Interior
Hot Water Natural Gas, Electric
Cooling Ductless/Mini-Split, Window Unit(s)
Flooring Ceramic Tile, Hardwood, Laminate Plank, Laminated, Partially Carpeted
Inclusions Current leases
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871571180
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Joseph Lam
Broker Associate License ID: 0682262
Broker Associate License ID: 0682262
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