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    7442 Oxford Avenue

    PHILADELPHIA, PA 19111
    • $347,000
    • STATUS: Active
    • ON SITE: 295 days
    • ID#: PAPH968994
    UPDATED: 16 min ago
    $347,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1925
    County:

    School Ratings & Info

    Description

    In real estate, location is key! This is the perfect opportunity for a smart business owner who wants to stop renting office space and would like to become their own landlord. Take advantage of the tax law and pay yourself rent! This is also the best option for an investor looking for cash flow and real estate appreciation. The property is located in the desirable neighborhood of Fox Chase, a three minute drive to Rhawnhurst, and 5 minutes to an upcoming police station headquarters. The property has a gorgeous colonial style and impressive entrance with appealing landscape that can get anyone's attention! In addition, the property has back parking space for up to 5 cars, plus a detached garage for 2 cars. Next to the garage you will find a gorgeous space with grass and trees for the perfect BBQ during the summer. The central air was installed recently, the water tanks are around 8 years old but well maintained, and the roof was installed in 2009 - not to mention all certificates were obtained from the city! It is a golden opportunity as the property has two apartments on the second floor and each unit has one bedroom and the kitchens have brand new cabinets. The long term tenants are paying on a monthly basis and one of them is leaving by the end of November. Currently the front apartment is $625/mo and the back apartment is $500/mo; rents do not include utilities. For investors familiar with the area, the rent is low and it could easily be increased. The rent could go between $800 to $1,100 per month. The first level has three office spaces, one full bathroom, a hallway for the receptionist and the waiting room for clients. In addition, the basement is pretty big and is perfect for storage space! This property will be sold in "as-is" conditions. The property is zone for a professional service business, other type of businesses will have to go through a variance.

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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 Bowers Realty Group | Coldwell Banker. 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: 2021-09-26T10:56:30.087.
    www.bowersgroup.net/homes/112379471
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    7442 Oxford Avenue PHILADELPHIA, PA 19111

    • Price: $347,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: PAPH968994
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1925
    Built
    Neighborhood:
    Fox Chase
    County:
    Philadelphia
    Area:
    19111 (19111)
    School District:
    The School District Of Philadelphia
    Property Description
    In real estate, location is key! This is the perfect opportunity for a smart business owner who wants to stop renting office space and would like to become their own landlord. Take advantage of the tax law and pay yourself rent! This is also the best option for an investor looking for cash flow and real estate appreciation. The property is located in the desirable neighborhood of Fox Chase, a three minute drive to Rhawnhurst, and 5 minutes to an upcoming police station headquarters. The property has a gorgeous colonial style and impressive entrance with appealing landscape that can get anyone's attention! In addition, the property has back parking space for up to 5 cars, plus a detached garage for 2 cars. Next to the garage you will find a gorgeous space with grass and trees for the perfect BBQ during the summer. The central air was installed recently, the water tanks are around 8 years old but well maintained, and the roof was installed in 2009 - not to mention all certificates were obtained from the city! It is a golden opportunity as the property has two apartments on the second floor and each unit has one bedroom and the kitchens have brand new cabinets. The long term tenants are paying on a monthly basis and one of them is leaving by the end of November. Currently the front apartment is $625/mo and the back apartment is $500/mo; rents do not include utilities. For investors familiar with the area, the rent is low and it could easily be increased. The rent could go between $800 to $1,100 per month. The first level has three office spaces, one full bathroom, a hallway for the receptionist and the waiting room for clients. In addition, the basement is pretty big and is perfect for storage space! This property will be sold in "as-is" conditions. The property is zone for a professional service business, other type of businesses will have to go through a variance.
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types DrivewayParking LotPrivate GarageOn Street Property Condition Average Riparian Rights YN No Roof ShingleSlate Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 2310.00 Cooling Central A/C Flooring CarpetHardwood Heating Central Heating YN Yes Inclusions Appliances in Each Apartment Net Square Feet 10307.00

    Property Features

    Acceptable Financing CashConventionalFha 203(K)Fha 203(B) Accessibility Features 32"+ Wide Doors2+ Access Exits Assessment Year 2021 Association YN No Business Type Apartment BuildingDay Care FacilityFuneral HomeHair Salon And SpaHealth ClubParking GarageParking LotProfessionalReligious FacilityWarehouse Central Air YN Yes Cooling Fuel Electric Heating Fuel Central Hot Water 60+ Gallon Tank Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 7 Original MLSNumber 304414748491 Owner Pays InsuranceWater Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 3362.00 Tax Assessment Amount 240200.00 Tax Lot 58 Vacation Rental YN No Water Source Public Zoning Rsa3

    Listing courtesy of Keller Williams Philly.


    ©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 Bowers Realty Group | Coldwell Banker. 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: 2021-09-26T10:56:30.087.
     
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