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2149 Catharine Street

PHILADELPHIA, PA 19146
  • $1,190,000
  • STATUS: Active
  • ON SITE: 113 Days
  • ID#: PAPH2292614
UPDATED: 38 min ago
$1,190,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2013
County:

School Ratings & Info

Description

Welcome to 2149 Catharine St situated on the northeast corner of 22nd and Catharine in the heart of desirable Graduate Hospital neighborhood of Philadelphia. This contemporary mixed-use building built in 2012 has 3 units and $78k of pro forma net operating income. It is marketed at a 7.2% cap rate on in place income. There is substantial upside in the rents. The units are also ready to be converted to a condo and can be sold off as the new owner desires.Unit 1, ground floor, rents to Ultimo Coffee month-to-month for $3,000 monthly. Tenant has been there about 5 years and has 5 years remaining.Unit 2, 2nd floor rented as a office/studio for $1,600 monthly. It has a use permit for Professional Office. Previously used for a sales office and barista training center.Unit 3, 3rd and 4th floors, rents for $3,350 monthly as a 2 bed 2 bath residential apartment. It was built for the owner, with floor-to-ceiling windows and custom finishes. It has two roofdecks.Maintenance has been minimal. It is superbly built.A data room is available for a qualified buyer wants to see the leases, operating expenses, etc. Please inquire.

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©2024 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 Asif Qadir Group | RE/MAX Premiere Selections. 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: 2024-02-21T06:56:27.54.
www.asifqadir.com/homes/144834916
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2149 Catharine Street PHILADELPHIA, PA 19146

  • Price: $1,190,000
  • Status: Active
  • On Site: 113 Days
  • Updated: 38 min ago
  • ID#: PAPH2292614
0
Beds
0
Baths
0
½ Baths
0.02
Acres
2013
Built
Neighborhood:
19146 (19146)
County:
Philadelphia
Area:
19146 (19146)
School District:
The School District Of Philadelphia
Property Description
Welcome to 2149 Catharine St situated on the northeast corner of 22nd and Catharine in the heart of desirable Graduate Hospital neighborhood of Philadelphia. This contemporary mixed-use building built in 2012 has 3 units and $78k of pro forma net operating income. It is marketed at a 7.2% cap rate on in place income. There is substantial upside in the rents. The units are also ready to be converted to a condo and can be sold off as the new owner desires.Unit 1, ground floor, rents to Ultimo Coffee month-to-month for $3,000 monthly. Tenant has been there about 5 years and has 5 years remaining.Unit 2, 2nd floor rented as a office/studio for $1,600 monthly. It has a use permit for Professional Office. Previously used for a sales office and barista training center.Unit 3, 3rd and 4th floors, rents for $3,350 monthly as a 2 bed 2 bath residential apartment. It was built for the owner, with floor-to-ceiling windows and custom finishes. It has two roofdecks.Maintenance has been minimal. It is superbly built.A data room is available for a qualified buyer wants to see the leases, operating expenses, etc. Please inquire.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types None Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3400.00 Cooling Central A/C Exclusions 1st floor restaurant/cafe equipment Heating Forced AirHeat Pump(s) Heating YN Yes Inclusions Appliances in units 2 and 3 Net Square Feet 3400.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2023 Business Type Other Central Air YN Yes Cooling Fuel Electric Elevators 0 Foundation Details Concrete Perimeter Heating Fuel Electric Historic YN No Hot Water 60+ Gallon Tank Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 802704588370 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 10746.00 Tax Assessment Amount 767700.00 Tax Lot 232 Vacation Rental YN No Water Source Public Zoning RSA5

Listing courtesy of BHHS Fox & Roach-Center City Walnut: .


©2024 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 Asif Qadir Group | RE/MAX Premiere Selections. 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: 2024-02-21T06:56:27.54.
 
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