Philadelphia, PA 19128,3862-64 TERRACE ST
Philadelphia, PA 19128,3862-64 TERRACE ST
Philadelphia, PA 19128,3862-64 TERRACE ST
$620,000
Est. payment /mo
$630,000
1.6%
Est.Price: ?

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4,989 SqFt
SOLD DATE : 12/05/2023

Key Details

Sold Price $620,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,989 sqft

Price per Sqft $124

MLS Listing ID PAPH2282980

Sold Date 12/05/23

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $4,930

Tax Year 2023

Lot Size 3,500 Sqft

Acres 0.08

Lot Dimensions 35.00 x 100.00

Property Description

A commercial space that is rented out with a single 2 bedroom unit that is also leased. A fully occupied building that will provide cash flow and a strong cap rate. The commercial space is deceiving large, and the second floor unit has 2 levels. In the commercial space there is a generous sized walk-in fridge, as well as an extremely large kitchen in the back. There is also an office nestled between the front and kitchen space. The space also offers two restrooms. What a great opportunity to invest, or live in the top floor unit and have a business run out of the commercial space!

Location

State PA

County Philadelphia

Area 19128 (19128)

Zoning CMX-1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility Mobility Improvements

Parking Type None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871527270

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Erin Bishop • Compass RE
Bought with Paige Chin • Keller Williams Realty Wilmington

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Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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