3601-3 N 5th St, PHILADELPHIA, PA

About 3601-3 N 5th St

This double-lot property features 3601, a mixed-use building that includes a commercial space in the front, previously a barbershop, along with 2 apartments in the rear, double door garages. That all currently generate rental income. The 2nd & 3rd floors, consist of an 11 room short-term/boarding room rental, which is all managed by an on-site property manager who currently resides at the premises. These rooms typically have a low vacancy rate throughout the year. Adjacent to it, 3603 is a commercial building currently leased to a body shop. This property is turnkey and generates great rental income. This could be fit for a business owner who wants to occupy the commercial space and continue to lease out the rest of the property. Another option would be to build additional rooms on the first floor or simply rent it as is. Owners have decided to leave 1F empty for the time being for Buyers to have more flexibility on they acquire the property.

Listing Map