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    1204-1206 E Palmer Street

    PHILADELPHIA, PA 19125
    • $1,300,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: PAPH995590
    UPDATED: 60 min ago
    $1,300,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2016
    County:

    School Ratings & Info

    Description

    Calling all savvy investors and owner occupants looking for a sound investment! Welcome to 1204 and 1206 E. Palmer street. Rebuilt from the ground up in 2016, these two multi-use triplex properties check all the boxes! Live, work and invest in Fishtown, one of Philly's hottest locations and most in demand residential submarkets. With over $8,000 in projected income from 4 residential units, 2 commercial office spaces and approximately 4 years remaining on their tax abatement these two properties are sure to cash flow! Currently vacant, the bi-level commercial space at 1204 is an easy move in for any local satellite office or small business creative space. The commercial space was previously rented out at $1,375. Two studios can be found just above on floors two and three, each with their own dishwasher, washer/dryer, central AC and smart video alert system. With leases ending this summer, jump on the chance to live in one of the studios and rent out the rest of the property to maximize your investment return! 1206 has two, 2 bedroom units very similar in design with in unit laundry, dishwasher, a smart video alert system and beautiful wood flooring. These 2 bed/ 1 bath units are laid out perfectly with each bedroom flanking the kitchen and living space. Both residential units at 1206 are currently occupied and are bringing in a combined income of $2,820. The commercial space at 1206 is a large bi-level office, currently being rented out month to month for $1,660. Spanning just over 4,000 square feet, these two triplexes really are a smart investment opportunity right in the heart of Fishtown. Don+GGt miss your opportunity to make your investment dreams come true!

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    ©2021 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 LoCoMusings | Century 21 Redwood Realty. 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: 2021-05-06T17:53:30.233.
    www.locomusings.com/homes/115671657
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    1204-1206 E Palmer Street PHILADELPHIA, PA 19125

    • Price: $1,300,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: PAPH995590
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    2016
    Built
    Neighborhood:
    19125 (19125)
    County:
    Philadelphia
    Area:
    19125 (19125)
    School District:
    The School District Of Philadelphia
    Property Description
    Calling all savvy investors and owner occupants looking for a sound investment! Welcome to 1204 and 1206 E. Palmer street. Rebuilt from the ground up in 2016, these two multi-use triplex properties check all the boxes! Live, work and invest in Fishtown, one of Philly's hottest locations and most in demand residential submarkets. With over $8,000 in projected income from 4 residential units, 2 commercial office spaces and approximately 4 years remaining on their tax abatement these two properties are sure to cash flow! Currently vacant, the bi-level commercial space at 1204 is an easy move in for any local satellite office or small business creative space. The commercial space was previously rented out at $1,375. Two studios can be found just above on floors two and three, each with their own dishwasher, washer/dryer, central AC and smart video alert system. With leases ending this summer, jump on the chance to live in one of the studios and rent out the rest of the property to maximize your investment return! 1206 has two, 2 bedroom units very similar in design with in unit laundry, dishwasher, a smart video alert system and beautiful wood flooring. These 2 bed/ 1 bath units are laid out perfectly with each bedroom flanking the kitchen and living space. Both residential units at 1206 are currently occupied and are bringing in a combined income of $2,820. The commercial space at 1206 is a large bi-level office, currently being rented out month to month for $1,660. Spanning just over 4,000 square feet, these two triplexes really are a smart investment opportunity right in the heart of Fishtown. Don+GGt miss your opportunity to make your investment dreams come true!
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 4127.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 4127.00

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Business Type Other/General RetailProfessional Central Air YN Yes Cooling Fuel Electric Cross Street Girard Electric Average Monthly 67 Electric Last12 Months 804.00 Elevators 0 Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 304510965067 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6335.00 Tax Assessment Amount 452567.00 Vacation Rental YN No Water Source Public Year Built Effective 2016 Zoning Cmx2

    Listing courtesy of Elfant Wissahickon Realtors.


    ©2021 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 LoCoMusings | Century 21 Redwood Realty. 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: 2021-05-06T17:53:30.233.
     
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