Address
1204-1206 E Palmer Street Philadelphia, PA
Price
$ 1,300,000
Property Attributes
  • MLS#PAPH995590
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19125
  • Zip19125
  • StyleGeneral Retail,Professional
  • Year Built2016
  • Taxes6335
  • Price$ 1,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4127
  • Lot Size1,742 SqFt
Listing Provided Courtesy Of:
Elfant Wissahickon Realtors
Data Source:
Bright MLS
Property Description

Calling all savvy investors and owner occupants looking for a sound investment! Welcome to 1204 and 1206 E. Palmer street. Rebuilt from the ground up in 2016, these two multi-use triplex properties check all the boxes! Live, work and invest in Fishtown, one of Philly's hottest locations and most in demand residential submarkets. With over $8,000 in projected income from 4 residential units, 2 commercial office spaces and approximately 4 years remaining on their tax abatement these two properties are sure to cash flow! Currently vacant, the bi-level commercial space at 1204 is an easy move in for any local satellite office or small business creative space. The commercial space was previously rented out at $1,375. Two studios can be found just above on floors two and three, each with their own dishwasher, washer/dryer, central AC and smart video alert system. With leases ending this summer, jump on the chance to live in one of the studios and rent out the rest of the property to maximize your investment return! 1206 has two, 2 bedroom units very similar in design with in unit laundry, dishwasher, a smart video alert system and beautiful wood flooring. These 2 bed/ 1 bath units are laid out perfectly with each bedroom flanking the kitchen and living space. Both residential units at 1206 are currently occupied and are bringing in a combined income of $2,820. The commercial space at 1206 is a large bi-level office, currently being rented out month to month for $1,660. Spanning just over 4,000 square feet, these two triplexes really are a smart investment opportunity right in the heart of Fishtown. Don’t miss your opportunity to make your investment dreams come true!

Price History
4/3/2021 Listed $1,300,000

General Features

Accessibility None
Avg. Electric Per Month 67.0
Business Type Other/General Retail, Professional
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 11
Heating Central
Historic Y/N No
MLS Area 19125 (19125)
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 315.0
Property SubType Mixed Use
Property Type Commercial Sale
Property Use Investment
Sewer Public Sewer
Tax Annual Amount 6335.0
Tax Year 2020
Total Units 6
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX2

Interior Features

Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Total Restrooms 6

Exterior Features

Building Area Total 4127.00
Lot Size Acres 0.04
Lot Size Source Estimated
Lot Size Square Feet 1758.00
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19125

Price
AVG $1,000K
$1.3M
Taxes
AVG $5,433
$6,335
Visits
AVG 68
1
Year Built
AVG 1939
2016
Walkscore
AVG 91
91
Data Provided by Walkscore ® not using MLS data

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