946 S 58TH ST Philadelphia, PA 19143

The building has a gross annual return of $51,050 and a CURRENT CAP RATE of 7% * before residential rental income is included.*

Introducing a prime investment opportunity on the corner of 58th and Baltimore Ave! This mixed-use property at 946 South 58th St, zoned CMX-1, boasts a total of 5 units, featuring 3 versatile commercial spaces - all of which are leased and already cash flowing on the ground floor. Above, you'll find two spacious and vacant 3-bedroom, 1-bathroom residential apartments each with large, eastern facing balconies as well windows with southern views, offering the perfect canvas for total renovation and customization.

Located on a busy intersection in West Philadelphia, this property presents an excellent chance for both commercial and residential income streams. Currently the commercial tenants have triple net leases for 1.5 more years with the option to review for 5 years (cafe) and 3 years (check cashing) respectively with rents increasing May 2024 and August 2024.

The property's strategic location and potential to earn additional cash flow from the two residential spaces - once renovated - make this an opportunity you do not want to miss out on. Schedule a viewing today and explore the potential of this diamond in the rough!