Real estate listings held by brokerage firms other than the Realtor owner of this website are marked with the Internet Data Exchange logo (IDX) or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firm. The data relating to real estate for sale on this website comes in part from the (IDX) Internet Data Exchange Program of the Albemarle Area Association of Realtors, Multiple Listing Service. 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. are marked with the Broker Reciprocity logo (IDX) and detailed information about them includes the name of the listing broker. Real estate listings held by brokerage firms other than Long & Foster Real Estate, Inc.
The data relating to real estate on this website comes in part from the Broker Reciprocity/IDX (Internet Data Exchange) Program of the New River Valley Multiple Listing Service, Inc. # Some services including Mortgage, Insurance and Title & Settlement are provided by the Long & Foster Family of Companies. Contact your mortgage company for current rates and additional information. Rates cited are for instructional purposes only current rates are subject to change at any time without notice. Not all individuals will qualify for a mortgage loan based on the payment entered. Additional required amounts such as taxes, insurance, home owner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. The monthly payment you enter includes only principal and interest. *Assumes 6.00% APR, 20% down payment, and conventional 30-year fixed rate first mortgage on a single family, primary residence. Important notices, privacy policy and accessibility. Once market rate leases are executed this building will operate at an 8.4% Cap with the expectation of continued appreciation as more development and neighborhood amenities continue to be introduced.Īll contents are copyright © Long & Foster Real Estate, Inc. New construction apartment units nearby are already appraising for $250,000/unit and an abundance of neighborhood amenities continue to be introduced. Located near both Jefferson University and Drexelâs Medical school campus, and two blocks from the Queen Lane train station, there is no shortage of residents.
Many of the garages rental rates can be increased as well. All of the residential leases are now on month- to -month terms offering an immediate opportunity to increase the rental income. A truly turn key investment opportunity in a neighborhood with an influx of new construction development taking place. The residential units also feature separately metered utilities. The building has a Use Permit that coincides with the use along with an active rental license. The building consists of 5 apartment units featuring (4) two bedroom and (1) three bedroom units, a commercial space leased through 2024 and 12 leased storage garages. Large Mix Use building in desirable West Germantown location on the boarder of East Falls operating at a 7.6% cap.
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