6522 Lebanon Avenue, Philadelphia, PA 19151

USD 1,148,000
For Sale MLS: PAPH2619922

Property Details

Description

Turnkey 8-Unit Cash Cow delivering Powerful 8.5% Cap Rate with room to increase. **Prime CMX-2 Mixed-Use Investment Opportunity in Overbrook Farms section of Philadelphia. **Invest in immediate cash flow with this stabilized, fully leased 8-unit portfolio asset offering 6 apartments, 1 medical/rehabilitation center and 1 daycare facility. **Anchored by established commercial and residential tenancy, this commanding stone corner property delivers a powerful 8.5% Capitalization Rate from Day 1. **Fully rented with a proven track record of high occupancy. Meticulously maintained stone masonry structure. **CMX-2 zoning offers maximum flexibility for retail, medical office, and residential density. Situated in the heart of Overbrook Farms, a high-density neighborhood with strong demand for local services and housing and easy access to some of the region's best outdoor areas such as Fairmount Park. Just a short drive to City Line Avenue, St. Joseph's University and Lankenau Medical Center. This is a rare opportunity to acquire a high-performing asset in a high-barrier-to-entry market. Perfect for 1031 Exchange buyers seeking passive income.

PROPERTY DETAILS: Square Feet: 9000

INTERIOR FEATURES: • Square Footage (approx): 9,000 Sq. Ft. Above Ground, Sq. Ft. Below Ground • Flooring: Hardwood, Ceramic Tile, Laminate • Cooling: Central Air, Electric, Ceiling Fan(s), Window Unit(s) • Heating: Gas Heat, Hot Water • Plumbing: Gas Water Heater

EXTERIOR FEATURES: • Parking: 3 Parking Spaces, On Street, Driveway, Parking Lot. • Pool Description: None • Lot Dimensions: 16.00 x 94.00 • Zoning: CMX2

LISTING AGENT: Agent: Alex Molinski | Office: Elite Realty Group Unl. Inc. | Phone: 215-328-4800 | Email: [email protected]

LISTING INFORMATION: MLS#: PAPH2619922 | Status: FOR SALE

Location

Address

6522 Lebanon Avenue

City

Philadelphia

Features and Finishes

Interior Features:

• Square Footage

(approx): 9,000 Sq. Ft. Above Ground, Sq. Ft. Below Ground

• Flooring: Hardwood, Ceramic Tile, Laminate

• Cooling: Central Air, Electric, Ceiling Fan(s), Window Unit(s)

• Heating: Gas Heat, Hot Water

• Plumbing: Gas Water Heater

Exterior Features:

• Parking: 3 Parking Spaces, On Street, Driveway, Parking Lot.

• Pool Description: None

• Lot Dimensions: 16.00 x 94.00

• Zoning: CMX2

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