Welcome to 2563 Germantown Avenue, a fully tenant-occupied 8-unit commercial income property offering strong cash flow and versatile investment potential in the heart of Philadelphia. This three-story mixed-use building features a well-established daycare occupying the entire first floor, along with seven additional flex-space rental units spread across the second and… Read More third floors. The first-floor daycare operates from its own private entrance and includes access to a fenced-in paved rear lot currently utilized as an outdoor play area. With rear alley access and an exterior entry point, this space also presents the potential for future off-street parking use. A separate entrance services the upper levels, providing convenient access to the remaining tenant spaces. The second floor offers four flex-space units along with a shared bathroom, while the third floor includes three additional flex-space units, another shared bathroom, and bonus storage space. Each unit throughout the property is individually heated and cooled with mini-split systems, providing efficient climate control and tenant flexibility. All eight units are currently occupied, creating immediate and stable rental income. The property generates a gross monthly income of $3,900 and a net monthly income of approximately $3,250. Annual gross income totals $46,800 with a net annual income of approximately $39,000. Utilities are included in the monthly rent, with average monthly expenses of approximately $650 covering water, sewer, and electric. Located along the Germantown Avenue corridor with convenient street parking and easy accessibility, this turnkey commercial investment presents an excellent opportunity for investors seeking a fully leased asset with long-term upside. Lease agreements are available for review with submission of an offer. Read Less
Courtesy of Deneen Sweeney, Keller Williams Real Estate - West Chester 610-399-5100
Listing Snapshot
Days Online
49
Last Updated
Property Type
Commercial
Square Ft.
3,048
Lot Size
0.05 Acres
Year Built
1915
MLS Number
PAPH2627590
Additional Details
Building
Built in 1915, 3 stories, Construction Materials: Masonry
Cooling
Ductless/Mini-Split
Accessibility Features
None
Expenses
Operating: $650
Heating
Forced Air
Income
Gross Income: $46,800, Net Operating Income: $39,000
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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