5416 Baltimore Avenue Philadelphia, PA $ 875,000
5416 Baltimore Avenue
$ 875,000
New Construction
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5416 Baltimore Avenue

Philadelphia, PA, 19143
$ 875,000
Baths0.0 Sq 2,363

Monthly Estimate*

$ 5,816

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Studio

Commercial Property for sale in Philadelphia, PA

for $875,000. This 2,363 square foot building was built in 2023 on a lot size of 0.05.

Welcome to 5416 Baltimore Avenue the epitome of modern urban living. This brand-new construction boasts a contemporary 5-unit building, each unit designed with sophistication and comfort in mind. The property offers a unique living experience with all units featuring 1 bedroom and 1 bathroom. One of the standout features of this property is the 10 year tax abatement. This incentive allows investors to enjoy a decade of reduced property taxes, making this investment even more attractive. Nestled in West Philadelphia, the property offers a prime location with convenient access to the city's vibrant amenities. Each unit in this new construction is thoughtfully designed to maximize space and light, creating a welcoming and comfortable environment. Modern finishes and high-quality materials contribute to the overall aesthetic appeal, ensuring that tenants experience both luxury and functionality. If you're an investor seeking a property with promising returns, this is the one!

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Commercial Active

Price

$ 875,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 681

Style

Apartment Building

Lot Size

0.05

Year Built

2023

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2327136

Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix AVENUE
Central Air Y/N N
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General
Sewer Public Sewer
Heating Energy Star Heating System
Cooling Energy Star Cooling System
Possession Immediate
Zoning RM1
Construction Materials Masonry
Exclusions TENANTS PERSONAL PROPERTY
Year Built 2023
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Apartment Building
Accessibility 32 + wide Doors
County PHILADELPHIA
Net Operating Income 59670.00
Operating Expense 10530.00
New Construction Y
Property Type Commercial Sale
Subdivision Name CEDAR PARK
Water Access Y/N N
Status ACTIVE
Directions GPS
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 5
MLS Area 19143 (19143)
Lot Size Square Feet 2370.00
Waterfront Y/N N
Street Name BALTIMORE
Tax Annual Amount 681.0
Property Condition Excellent
Price Per Sq Ft 641.03
Construction Completed Y/N Y
Vacation Rental Y/N N
Days on Market 57
Standard Status Active
Year Built Source Estimated
Tax Lot 58
Cap Rate 6.80
Buyer Agent Compensation Type % Of Base
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 1365.00
Lot Dimensions 16.00 x 152.00
Lot Size Acres 0.05
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 9740.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 5416
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* Excluded Features
List By
Re/Max Access

Broker

remaxsteveo@gmail.com

Email

Affordability Calculator

$5,872
Per Month
99%
1%
0%
Monthly Principal & Interest
$5,816
Monthly Property Taxes
$57
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/5/2024$875,000 Listed Price

Map


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5416 Baltimore Avenue, Philadelphia, PA, 19143 is a Commercial Property for sale at $875,000 with 2,363 sqft and a lot size of 0.05. 5416 Baltimore Avenue is a studio with 0.0 baths and was built in 2023. The property's zip code is 19143 which is in Philadelphia, PA