1016 Cottman Avenue

Philadelphia, PA 19111

$1,680,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines...True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .
  1. Listed by Jie Chen • Home Max Realty
    P: (215)-820-1621 mcmaxrealtor@gmail.com

Property Details for 1016 Cottman Avenue

Tax ID Number
881223990
Ownership
Fee Simple
Structure Type
Over Storefront
Style
Contemporary
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
Yes
LISTING UPDATED: 08/14/2024 04:16 AM

Property Details for 1016 Cottman Avenue

StatusActive
MLS #PAPH2094662
Days on Market983
Taxes$6,241 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1950
Lot Size0.20 AC / 8,750 SF
CountyPhiladelphia County

Building Information for 1016 Cottman Avenue

Stories-Residences3Year Built1950Building Size-Lot Size0.20 AC / 8,750 SF

Property Information for 1016 Cottman Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19111 (19111)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $445,900
  • Year Assessed: 2023
  • Improvement Assessed Value: $312,130
  • City Town Tax: $2,816
  • Land Assessed Value: $133,770
  • Clean Green Assessed: No
  • Land Use Code: CA0
  • Zoning: CMX2
  • Tax Lot: 145
  • School Tax: $3,424
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: Yes
Lease Information
Lease Information
  • Owner Pays: Insurance, Repairs, Snow Removal, Taxes - Real Estate, Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Units Leased Count: 7
  • Vacancy Allowance Rate: .00%
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance
  • Insurance Expense: $2,700
  • Trash Expense: $500
  • Pest Control Expense: $1,200
Financial Information
  • Gross Income: $114,300
  • Net Operating Income: $100,559
  • Annual Rental Income: $114,300
  • Income Includes: Apartment Rentals, Shop Rentals
  • Cap Rate: 6.00
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 70.00 x 125.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1268505
Parking
Parking
  • Type Of Parking: Parking Lot
Interior Features
Interior Features
  • Accessibility Features: 32"+ wide Doors
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 1016 Cottman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1016 Cottman Avenue

Taxable ValueLand$133,770Additions$312,130Total$445,900
Tax Record2023$6,242 ($520 / month)
Home Facts
Total Finished SqFt8,542 SqFtAbove Grade Finished SqFt8,542 SqFtStories2Lot Size8,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningCMX2CountyPHILADELPHIAAPN88-1-2239-90

Schools near 1016 Cottman Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Crossan Kennedy C School
PublicK to 5

Castor Gardens Middle School
Public6 to 8

Northeast High School
Public9 to 12

Science Leadership Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1016 Cottman Avenue is a multi-family home for sale in Philadelphia, PA 19111. This property was listed for sale on March 17, 2022 by Home Max Realty, it's currently listed at $1,680,000. It has been on the market for a total of 983 days and was last sold on October 16, 2014. This listing's school district is The School District of Philadelphia. Nearby schools include Crossan Kennedy C School, Castor Gardens Middle School and Northeast High School. 1016 Cottman Avenue is a 0-bed, 0-bath, multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Home Max Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.