4403 Richmond Street

$237,500 | MIXED USE | COMMERCIAL | 2 BED 1 BATH APARTMENT

Great opportunity to own an Incredibly Large Mixed-Use Property near the populated corners of Richmond and Orthodox Streets. This unique 20' wide storefront is equipped with a kitchen and full bathroom. There is an over-sized 2 bedroom den, large back patio and 1 bath apartment on the second floor, including a washer and dryer. This property is zoned as mixed-use commercial, presenting the option to both live and work in this building. CMX-2 zoning accommodates a variety of residential and commercial services, such as business & professional offices, art exhibits/studios, retail, daycare and several other options. The first floor space can be converted in any way permissible. The spacious basement (nearly 1000 sf) can be utilized for storage or a workshop area. Carpentry equipment is negotiable. Enter the 2nd floor unit through the large back patio. The first floor room can serve as more space to the first floor unit or as additional living space for the 2nd floor. The upstairs space offers an open living concept with the dining and kitchen area centrally located. There are 2 bedrooms on each side of the building, providing privacy to each room. There is a hall bathroom and several closets located throughout. Wood floors are underneath the carpet. The potential rent of $2,200+ a month and cap rate of 8% makes a wonderful opportunity for the right entrepreneur. Great Investments are about location and timing. This property offers both. Bridesburg Park is soon to be built on the Delaware River, which will eventually connect to the Port Richmond Trail. It is conveniently located near Rite Aid, Wawa, various restaurants and public transportation. The whole property is currently being rented month to month for $1,500. No utilities included. The property can be delivered with current tenants or vacant. Property is being sold as is and prefers a 60 day settlement. Take advantage of this great opportunity before it is gone!!!