6003 N 5 Th St
$279,000
6003 N 5 Th St, Philadelphia, PA 19120
1945
Year Built
CMX25
Zoning
Details:
Highlights:
- Days on Market: 9
- Heating: Wall Unit
Description:
This property includes a basement and a two-story building. The first floor has been operating as a breakfast restaurant for a long time and is currently run by the seller. It has a cooking grill and is approximately 1300 square feet. The second floor has three bedrooms, one bathroom, and a kitchen. Two of the rooms are currently rented out, one for $600 and the other for $400. The third room could also be rented for $600. The price of $279,000 is for the building only. If you want to buy the business as well, you would pay an additional $49,000. The seller wants a 10-year lease with a rent of $1500 per month if only the building is sold. This would generate approximately $37,200 in annual rent from the entire building. After deducting insurance ($3,500) and property taxes ($1,500), the net annual rent would be approximately $32,000. The first-floor restaurant space can be used for any type of restaurant, not just breakfast and lunch.
Location
Gallery
