Skip To Content

5734-38 Old Second Street

PHILADELPHIA, PA 19120
  • $2,890,000
  • STATUS: Active
  • ON SITE: 132 Days
  • ID#: PAPH2196040
UPDATED: 56 min ago
$2,890,000
  • 0
    BEDS
  • 1.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Description

$2,890,000.00 is the seller's bottom line . the buyer needs to submit the buyer's pre-approval letter for loan or the buyer's financial statement and a signed NDA form to get the seller's documents for information. PLEASE DON'T TALK TO ANY ONE IN THE PREMISES .JUST TAKE A LOOK PRETENDING LIKE A CUSTOMER. I NEEDS TO CONTACT ALL TENANTS TO SHOW THROUGH THE SELLER. to sell Laundry business and real estate together not separately, 18,000 sf building with 5 units and parking lot for 120 cars, Laundromat : $6,000/per week , 4500 Sf , 92 machines , 4 years old , pay rent $4500.00 /month , lottery , new heating & cooling system, lots of potential, $2,890,000.00 including business & strip center . Strip center : Unit 1: Asian restaurant , 6000 sf , The restaurant has been there for years. The current tenant has been here almost last 30 years, pays $8,200.00 / month rent and $700.00 for CAM charges , and also pays 85 % of entire building water , the tenant signed for 3 years plus 1 time 5 years option, roof was done 2021 . Unit 2: Caf+- , 2500 sf, well renovated , monthly rent is $3,800.00 , signed April 2022, 5 years plus One 5 years option , Central air & heat . Unit 3: It was a pizza restaurant . closed now , looking for a new tenant ,Monthly rent shall be $3,800.00. 2500 sf , 1 bathroom. Unit 3: Pork & meat busines , 3800 sf , well renovated tenant signed September 2022 , 5 years plus option for 5 years , central air &heat , well renovated , still more than 9 years to go ,monthly rent is $3,950.00 including CAM , Unit 5 : Coin Laundromat , 4500 sf , opened 2019 , new machine , monthly rent is $4,500.00 including CAM . All wall has renovated newly at cost of $60,000.00 , The sidewalk fixed and replaced at around $50,000.00 and installed 5 poles at 40,000.00 , $15,000.00 for other renovation on 2019 , a new roof on 2019 at $55,000.00 ,2 meters in the property , 1 for at restaurant , another one for laundromat , expenses are : $13,000.00 for annual real estate tax and $5,000.00 for real estate insurance

Monthly Payment Calculator



©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-04T12:51:40.283.
www.yourchestercountyhomesearch.com/homes/136340125
Print Image

5734-38 Old Second Street PHILADELPHIA, PA 19120

  • Price: $2,890,000
  • Status: Active
  • On Site: 132 Days
  • Updated: 56 min ago
  • ID#: PAPH2196040
0
Beds
0
Baths
0
½ Baths
1.02
Acres
1940
Built
Neighborhood:
19120 (19120)
County:
Philadelphia
Area:
19120 (19120)
School District:
The School District Of Philadelphia
Property Description
$2,890,000.00 is the seller's bottom line . the buyer needs to submit the buyer's pre-approval letter for loan or the buyer's financial statement and a signed NDA form to get the seller's documents for information. PLEASE DON'T TALK TO ANY ONE IN THE PREMISES .JUST TAKE A LOOK PRETENDING LIKE A CUSTOMER. I NEEDS TO CONTACT ALL TENANTS TO SHOW THROUGH THE SELLER. to sell Laundry business and real estate together not separately, 18,000 sf building with 5 units and parking lot for 120 cars, Laundromat : $6,000/per week , 4500 Sf , 92 machines , 4 years old , pay rent $4500.00 /month , lottery , new heating & cooling system, lots of potential, $2,890,000.00 including business & strip center . Strip center : Unit 1: Asian restaurant , 6000 sf , The restaurant has been there for years. The current tenant has been here almost last 30 years, pays $8,200.00 / month rent and $700.00 for CAM charges , and also pays 85 % of entire building water , the tenant signed for 3 years plus 1 time 5 years option, roof was done 2021 . Unit 2: Caf+- , 2500 sf, well renovated , monthly rent is $3,800.00 , signed April 2022, 5 years plus One 5 years option , Central air & heat . Unit 3: It was a pizza restaurant . closed now , looking for a new tenant ,Monthly rent shall be $3,800.00. 2500 sf , 1 bathroom. Unit 3: Pork & meat busines , 3800 sf , well renovated tenant signed September 2022 , 5 years plus option for 5 years , central air &heat , well renovated , still more than 9 years to go ,monthly rent is $3,950.00 including CAM , Unit 5 : Coin Laundromat , 4500 sf , opened 2019 , new machine , monthly rent is $4,500.00 including CAM . All wall has renovated newly at cost of $60,000.00 , The sidewalk fixed and replaced at around $50,000.00 and installed 5 poles at 40,000.00 , $15,000.00 for other renovation on 2019 , a new roof on 2019 at $55,000.00 ,2 meters in the property , 1 for at restaurant , another one for laundromat , expenses are : $13,000.00 for annual real estate tax and $5,000.00 for real estate insurance
Exterior Features

Construction Materials Stucco Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 18000.00 Cooling Central A/C Heating Central Heating YN Yes Inclusions Laundry Business Net Square Feet 18000.00

Property Features

Acceptable Financing CashConventionalExchange Accessibility Features 2+ Access Exits Assessment Year 2023 Business Type Other Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 5 Original MLSNumber 802116680978 Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Retail Sale Type Standard Sewer Public Septic Tax Annual Amount 33269.00 Tax Assessment Amount 2376700.00 Tax Lot 208 Utilities Electric AvailableNatural Gas Available Vacation Rental YN No Water Source Public Zoning Ca1

Listing courtesy of Pk Property Inc.: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-04T12:51:40.283.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802116680978-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802116680978-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802116680978-2.jpg
Logo
Keller Williams Real Estate
100 Campbell Blvd, Suite 106
Exton PA, 19341