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!
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Listing Snapshot
Price
$3,500,000
Days On Site
46 Days
Bedrooms
N/A
Inside Area (SqFt)
17,500 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.41 Acres
Year Built
1925
MLS® Number
PAPH2452366
Status
Active
Property Tax
$9,569
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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