5th & Bainbridge is an ideal location for any real estate investor to own. This property is fully leased and the commercial tenant has just signed a guaranteed lease with a first term of 10 years. Situated in Queen Village, this mixed use building spans three addresses and has a commanding corner presence just South of South Street and across from the Bainbridge green, the property is perfectly suited for both commercial and residential tenants. Recently updated and well maintained the property is fully leased and will be sold with a liquor license. The large residential units are all 1BD 1BA and feature hardwood floors, great closets, dishwasher, gas stove, garbage disposal, dishwasher and new tile bathrooms with bathtubs. There is a coin-op laundry in the building; however, the discerning investor could add washer/dryer in units and increase rents. SEPTA bus routes 40, 57 and 47 are within a few minute's walk. Local venues include Stoned Pizza (tenant), Emmy Squared Pizza, Famous Fourth Street Deli and South Street, Bainbridge Green, Cuzzys Ice cream and so many more. This is a generational property which will always be a desirable investment for years to come. This property is 100% occupied with 6 residential units and 1 commercial unit. PRO Forma NOI of 200K per year.
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: 22nd September, 2023 11:54 PM (UTC)