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5731 N 5th Street,  Philadelphia PA, 19120

(Active)
$199,000
|
1,260 sqft
|
MLS# PAPH2290306
Last Updated: 5/1/2024 6:56 AM
Description for 5731 N 5th Street Philadelphia, PA 19120
This mixed-use property located on busy 5th Street in the Olney section of North Philadelphia presents an excellent opportunity for both owner-users and investors. Here's a breakdown of its key features:Situated along a major commercial area, the property benefits from high visibility and foot traffic, which is advantageous for businesses.The property offers a mix of commercial and residential space. The first floor can be utilized as one large office/commercial space or divided into two separate units to accommodate different businesses. This flexibility appeals to a wide range of tenants or businesses.The property has been recently updated, enhancing its appeal and reducing the immediate need for further renovations or repairs. A significant advantage is the presence of private fenced parking for two cars in the backyard. This amenity adds value, especially in urban areas where parking can be scarce. With its strategic location and mixed-use layout, the property presents a promising investment opportunity. It could generate rental income from both commercial and residential tenants. For those looking to establish their business, the property offers the opportunity to own their workspace while potentially generating additional income from the residential unit.The fact that the property will be sold simultaneously with another at 5733 N. 5th Street indicates potential for portfolio expansion or coordinated investment strategies.Seller is a licensed Pa Realtor.Overall, this property's combination of location, flexibility, recent updates, and investment potential makes it an attractive proposition for both business owners and investors in the Philadelphia area
Price
$199,000
PHILADELPHIA
1,260 (approx)
PAPH2290306
Active
Description
This mixed-use property located on busy 5th Street in the Olney section of North Philadelphia presents an excellent opportunity for both owner-users and investors. Here's a breakdown of its key features:Situated along a major commercial area, the property benefits from high visibility and foot traffic, which is advantageous for businesses.The property offers a mix of commercial and residential space. The first floor can be utilized as one large office/commercial space or divided into two separate units to accommodate different businesses. This flexibility appeals to a wide range of tenants or businesses.The property has been recently updated, enhancing its appeal and reducing the immediate need for further renovations or repairs. A significant advantage is the presence of private fenced parking for two cars in the backyard. This amenity adds value, especially in urban areas where parking can be scarce. With its strategic location and mixed-use layout, the property presents a promising investment opportunity. It could generate rental income from both commercial and residential tenants. For those looking to establish their business, the property offers the opportunity to own their workspace while potentially generating additional income from the residential unit.The fact that the property will be sold simultaneously with another at 5733 N. 5th Street indicates potential for portfolio expansion or coordinated investment strategies.Seller is a licensed Pa Realtor.Overall, this property's combination of location, flexibility, recent updates, and investment potential makes it an attractive proposition for both business owners and investors in the Philadelphia area
Listing Information
Property Type: Mixed Use, Business Opportunities, Other
0.04 Acres 1,260 (approx) 1945
Vinyl siding
Slab
Public
Public Sewer
Cable Available, Natural Gas Available
2 Total
Neighborhood
Room Information
Interior Features
Vinyl, Carpet
Gas Heat, Forced Air
Exterior / Lot Features
2 Parking Spaces,
Vinyl
Asphalt
18.00 x 100.00
Driving Directions
On 5th st between chew ave and grange ave.
Financial Considerations
871583450
$1,541
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19120 has a population of 1,615,184.

The median household income in Philadelphia, Pennsylvania 19120 is $38,292. The median household income for the surrounding county is $50,724 compared to the national median of $66,222. The median age of people living in Philadelphia 19120 is 37 years.

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Courtesy: Ace Properties LLC
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/1/2024 6:56 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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