Property

Philadelphia, PA 19144 406 W Chelten Avenue W

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Presented By: Reliance Realty
  • MLS# PAPH2295192
  • 11/08/2023
  • Request Tour
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  • SQFT • 5,525
  • Garage • 1

Home Details

Price adjustment! Well-maintained, mixed-use Income producing property in historic Germantown. with fully rented apartments and store front zoned CMX2. This stunning Victorian style mansion features high ceilings, hardwood floors and five additional rental units. On the first floor there is a spacious two-bedroom apartment with ornamental fireplace and washer and dryer. Two one-bedroom units on Secord floor and two one-bedroom units on third floor. The building is up to date on all safety and fire codes and surveillance system. Utilities are separate. There is a one car garage that is also rented for a $100.00 monthly. Ideal location that is highly visible, accessible, and expandable. This stone front twin Victorian features a warm and inviting beauty salon that has been successfully owned and operated for many years. Ideally, this space can be leased at market rate and is currently leased backed to Owner. The rear of building offers space for unlimited potentials like office or other services. This property also features a beautiful backyard great for outdoor entertainment and event space. Property is Less than one mile from regional train lines, public transportation, scenic Lincoln drive with accessible roadways to I-76 and downtown Philadelphia. Close to restaurants and shops in West Mt. Airy and Chestnut Hill and walking trails in nearby Fairmount Park. Great investment property and/or owner-occupant /business. Options will be considered by Seller . Don't miss this opportunity.
Presented By: Reliance Realty

Interior Features for 406 W Chelten Avenue W

Bathrooms

Total Restrooms8

Other Interior Features

Central Air Y/NNo
FlooringConcrete, Carpet
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 406 W Chelten Avenue W

Acceptable FinancingConventional, Cash
AccessibilityNone
Business TypeApartment Building, Hair Salon and Spa
CityPHILADELPHIA
Construction MaterialsStone
Cool FuelElectric
CoolingNone
CountyPHILADELPHIA
DirectionsNorth on board street to Stenton Ave. turn left and follow to Chelten Ave go west to 406 W. Chelten Ave.
Electric100 Amp Service, Circuit Breakers
ExclusionsTo be determine
FULLFee Simple
Gross Income7103.00
HeatingHot Water
Insurance Expense5400.00
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet4488.00
Lot Size UnitsSquare Feet
MLS Area19144 (19144)
MaintenanceExpense2500.00
ModificationTimestamp2024-11-24T10:25:36
MunicipalityPHILADELPHIA
Net Operating Income55215.00
New ConstructionNo
NumberOfUnitsTotal6
Operating Expense1341.00
OwnerPaysCommon Area Maintenance, Advertising/Licenses and Permits, Accounting/Legal, Heater Maintenance Contract, Insurance, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
Possession31-60 Days CD
Possible UseApartment Building, Apartments, Barber/Beauty, Commercial, Convenience Store, Clothing, Day Care, Flex Space, Financial, Dry Cleaner, Florist/Nursery, Food & Beverage, Food Market, Laundromat, Medical/Dental, Multi
Price Per Sq Ft Total AG170.48
Property ConditionVery Good
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofFlat
Security FeaturesFire Detection System, Main Entrance Lock
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount2644.0
Tax Assessed Value32000.0
Tax Year1998
Total Actual Rent89102.00
TransportationBus Stop less than 1 mile, Commuter Rail Station less than 1 mile
Trash Expense500.00
UtilitiesWater Available, Sewer Available, Natural Gas Available, Electric Available
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceEstimated
ZoningCOM
Zoning DescriptionCMX2 neighborhood services

Exterior for 406 W Chelten Avenue W

Building Area Total5250.00
Car Parking Spaces1
Foundation DetailsConcrete Perimeter
InclusionsAll apartment Applicance, security cameras
Land Use CodeL48
Lot Size Acres0.10
Lot Size SourceEstimated
Navigable Water Y/NNo
Other EquipmentNegotiable
Parking FeaturesPrivate
Total Loading Docks0
Total Parking Spaces1
Traffic CountLess Than 1000
Type of ParkingPrivate Garage
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Fabiane Farias

Associate
Price $895,000
MLS#PAPH2295192
List Date 11/08/2023
Property Type Commercial
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