BEDS0
BATHS
SQUARE FEET1,804
MLS#PAPH2445536
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPHILADELPHIA CITY
Property Description
Mixed-Use Commercial Property - Hair Salon Building This commercial real estate opportunity presents a strategically positioned mixed-use building in Northwest Philadelphia's developing market. The property is situated on a high-traffic two-lane arterial road, providing excellent visibility and accessibility for commercial operations. Property Configuration: The building is in an excellent condition, comprises a ground-floor commercial space currently operating as a nail salon and a second-floor two-bedroom residential unit. The commercial tenant maintains a lease at $1,350 monthly, while the residential unit generates $975 monthly on a month-to-month arrangement, producing gross annual rental income of $27,900. Operational Details: The hair salon equipment conveys with the property, creating an immediate turnkey opportunity for beauty industry operators. Current rental rates are positioned below market value, indicating potential for income optimization through strategic lease restructuring. Financial Structure: The property is offered at $375,000 with seller financing available to qualified purchasers. Down payment requirements range from $100,000 to $150,000, providing flexible acquisition terms. Operating expenses are limited to real estate taxes, insurance, and periodic maintenance, creating a streamlined cost structure. Investment Highlights: - Prime location on major thoroughfare in appreciating Northwest Philadelphia submarket - Dual income streams from commercial and residential tenants - Below-market rental rates offering upside potential - Turnkey hair salon operation with included equipment - Seller financing options for qualified buyers - Low operational overhead with minimal expense requirements Additional Opportunity: An adjacent building is available for acquisition under identical terms at $375,000, presenting potential for portfolio expansion or consolidated ownership strategy.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Heating: Forced Air
Home Style: Dwelling with Rental
Lot Size: 0.03 Acres
Roof Type: Asphalt
Taxes: $1,535
Year Built: 1920
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 382
Exterior: Masonry
Flooring: Ceramic Tile, Carpet
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Two Bedroom Units: 1
Units: 2
Utilities: Electric Available, Phone Available, Sewer Available, Water Available
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Realty Mark Cityscape-Huntingdon Valley
Agency Phone: 2155837777
Agent Name: Elisavet Antonouli
Estimate Your Payment
Estimated Payment
$ 1,071.88 per month $834.59 Principal & Interest $127.92 Property Tax $109.38 Homeowner's InsuranceChange Payment Information
5146 Haverford Avenue | MLS# PAPH2445536
This multi-family property located at 5146 Haverford Avenue, Philadelphia, PA 19139 is currently listed for sale by Realty Mark Cityscape-Huntingdon Valley, with an asking price of $375,000. Haverford Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.