Description
Looking for a real estate investment with great upside to increase your capitalization rate and good cash on return? This is the one! A total of 12 storage units that all rented out at $100-$120 monthly (below market price), with opportunity to increase cash flow. Upgraded garage doors, freshly painted exterior and external lights. Less than a 20 minute drive to Center City Philadelphia, and minutes from the Roosevelt Blvd, these garages are also located within a 5 minute drive to supermarkets such as Shoprite and Hmart, along with a plethora of restaurants in the area. Plenty of development going on in the area, with great upside potential for equity appreciation. Very stable rental income with low property taxes and maintenance expenses. Current tenants utilize space for storage. Do not miss the chance to snag this commercial gem up! Schedule your showing today!
Location
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$44,950,000
5
7
5,611 Sq ft
ACTIVE
MLS# PR9098787
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 27th March, 2023 2:50 AM (UTC)
