About 6728-30 Old York Rd
Fully leased Investment Opportunity. 6728-30 Old York Rd, this mixed use building has a ground-floor commercial space and (2) two-bedroom/1 bath apartments on the upper floors with washer and dryer. The Commercial space is currently leased to a successful restaurant tenant at $5,834 NNN through 2028 (with option to renew) and a 3% annual increase in rent. High traffic count and visibility. NNN lease on the commercial space. Real estate taxes are paid by tenant upon renewal following initial sixty-month term. Both apartments feature: (2) bedrooms, 1 full bathroom, stainless steel kitchen appliances & washer/dryer in units. Second floor has an outdoor space. 3rd floor is leased at $1,550/month through 11/30/2025 & 2nd floor is $1,450 a month. Each unit is separately metered & tenants pay all utilities. The building is located in a Qualified Opportunity Zone (QOZ), possible tax benefits for investors to defer or eliminate federal taxes on capital gains. Great location and fully occupied
Features of 6728-30 Old York Rd
| MLS® # | PAPH2474282 |
|---|---|
| Price | $699,900 |
| Bathrooms | 0.00 |
| Acres | 0.04 |
| Year Built | 1930 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active Under Contract |
Community Information
| Address | 6728-30 Old York Rd |
|---|---|
| Area | 19126 |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19126 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | 90% Forced Air, Wall Unit |
|---|---|
| Cooling | Ductless/Mini-Split |
| Has Basement | No |
| Fireplace | No |
School Information
| District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Information
| Date Listed | April 26th, 2025 |
|---|---|
| Days on Market | 161 |
| Zoning | CMX2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Addison Wolfe Real Estate |
|---|---|
| Contact Info | 2158625500 |