868 N 44th St, Philadelphia, PA 19104

Property Description

SOLD in package deal with 866 N 44th St and 4400 Lancaster Ave 866-70 N 44th St, Philadelphia, PA. Outstanding investment opportunity in Philadelphia! This mixed-use property features 6 total units (2x commercial 1st floor units and 4x residential units), grossing $6,505/month in rent income: 868 N 44th St ($1,410/month, commercial with private entrance) | 870 N 44th St Unit 1($1,390/month) | Unit 2 ($915/month) | Unit 3($915/month) | Unit 4 ($900/month) | Unit 5 ($945/month). This turnkey investment was gut-renovated in 2017 with central air, hardwood floors, and granite countertops, and a brand-new exterior security camera system with four cameras has been installed. The property is certified lead *free*, and all residential units have in-unit laundry, with off-street parking in the rear. Building is fully sprinklered with fire alarm panel. Private trash and parking at 866 N 44th St, a separate 1,360 sq ft CMX-2 lot that is included with this sale. Semi-private community garden on the block. Extremely low taxes currently with tax abatement ($1,131/yr), the property is legally zoned for its current use and owned by a licensed real estate agent. Whether you’re looking to expand your portfolio or step into a fully occupied, income-producing property, this is a rare opportunity in a growing area of the city. This is a neighborhood currently booming with new construction and more construction planned for the near future. Make your appointment today! Showings of 868 N 44th St (commercial unit) are only allowed with a signed offer, to avoid tenant business disruption. ***Strong preference will be given to offers that include both contiguous parcels at 4400 Lancaster Ave & 866-870 N 44th St.***