Mixed-Use Commercial Triplex

Transcription

1 Commercial Mixed-Use Triplex Owner-Occupied or Investor MixedUseCommercial.com Mixed-Use Commercial Triplex AVAILABLE FOR SALE $299,000 MIXED-USE TRIPLEX COMMERCIAL SPACE & TWO RESIDENTIAL APARTMENTS

2 OXFORD CIRCLE INVESTMENT OPPORTUNITY INVESTOR ENTREPRENEUR ALERT Established Mixed-Use Commercial Property For Sale on a prominent corner with high traffic counts in the Oxford Circle Area of Philadelphia. Good for either owner-occupant or investor. Total Annual Income: $34,019, after 5% Residential Vacancy, 21% Expenses, NOI $26,862, c/c ROI is 17% of a 25% Investment. DSCRis This leveraged model generates a 8.98% CAP at the asking price. The property contains one one-bedroom (Section-8) and one studio apartment: 1,120 TSF, hardwood floors, good kitchen, and bath, electric heat; plus one 880 SF commercial space actively used as a pizzeria. Separate meters. Essentially, the present residential income covers the mortgage, so the commercial component can be managed as the money-maker. Sale of real estate only, no commercial fixtures. Existing commercial tenant is open to a negotiable exit or a renewed multi-year lease. Manifest your dream. Call for additional details, property brochure or appointment.

3 MixedUseCommercial.com 1059 Van Kirk St, Philadelphia, PA Commercial Active $299,000 Sale / Lease Information Sale or Lease Sale Sq Ft Available: Date Available: Price per Sq Ft: $ Annual Lse Prc / Sq Ft Min Lease (Months Gross Annual Income: Monthly Lease Price: Lease Type: Total Expenses: Annual Lease Price: Terms of Tenancy: Features Sale / Lease Include: Land and Building Building / Business: Apartment Building, Commercial, Investment, Restaurant, Retail Space Lot / Location: Corner Location, Urban LocationLevel Lot, Traffic Count: Exterior: Brick Exterior, Flat Roof, Block/Brick Foundation Interior:, Wood Floors, 3000 PSI Flooring Utilities: Cable TV, Electric, Gas, Phone, Public Water, Public Sewer, Baseboard, Central Air, Electric HVAC, Heat Pump, Wall/Window AC, Amps, Electric Hot Water Lease Includes: Tenant Pays: Exclusions: Commercial Fixtures Remarks Appointment Phone: (267) Directions: Prominent Oxford Ave MLS #: Land Only: No Tax ID #: Zoning: RM1 Block / Lot: 34 Land Use: T30 County: Philadelphia Ownership: Fee Simple MLS Area: (19149) Age: 92 Subdiv / Neigh: Oxford Circle Acres / Sq Ft:.04 / 1,742 School District: Philadelphia Aprox Dim: 25X70 Building / Center: Waterfront: No Building Sq Ft: 2,000 Taxes / Year:$2,207 / 2017 # Buildings/Units: Assessment: $157,700 # Leased Units: # Stories: 2.0 Type: Apartment Building, Commercial, Investment, Restaurant, Retail Space Recent Change:09/26/2017 : NEW Listing : ->ACT Agent: Download Financial Worksheet Public: Investor Entrepreneur Alert: Established Mixed-Use Commercial Property For Sale on a prominent corner with high traffic counts in the Oxford Circle Area of Philadelphia. Good for either owner-occupant or investor. Gross Annual Income: $34,019 after 5% Residential Vacancy, 21% Expenses, NOI $26,862, c/c ROI is 17% of a 25% cash investment. DSCR is This leveraged model generates a 8.98% CAP at the asking price. The property contains one one-bedroom (Section-8) and one studio apartment - 1,120 TSF with hardwood floors, good kitchen, bath, electric heat; plus a 880 SF commercial space actively used as a pizzeria. Separate meters. Essentially, the present residential income covers the mortgage, so the commercial component can be managed as the money-maker. Sale of real estate only, no commercial fixtures. Existing commercial tenant is open to a negotiable exit or a renewed multi-year lease. Manifest your dream. Call for additional details, property brochure or appointment. Showing Showing Features:24 Hour Notice, Call To Show, List Agent Must Accompany Listing Office Agents Keller Williams Realty Center City (KELWLMCC) Listing Agent: Charles Balducci ( ) 1619 Walnut Street 5F, Philadelphia, PA (215) Phone: (215) Fax: (215) Co-Listing Agent: Pearce Vazquez ( ) Co-Listing Phone: (215) Compensation Buyer Broker: 3.0 Sub Broker: Trans Broker: Dual / Var Comm:No Listing Information Listing Date: Short Sale/REO: No/No Prospects Excld:No Orig Price: $299,000 Agreement: ER Owner: Keller Williams Contingency: DOM / PMP: 1 / 1 Center City Client Possession: Immediate Sign: No Off Market: Last Mod: TREND - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. Copyright 2018.

4 SUBJECT PROPERTY 1059 VAN KIRK TRIPLEX MixedUseCommercial.com Oxford Circle Investment Opportunity This is a strategic location on a prominent corner offering multiple intersections with high traffic counts

5 TRIPLEX MixedUseCommercial.com Oxford Circle Investment Opportunity Possible Uses: Commercial Space Can Used for Numerous Retail Options.

6 INVESTMENT WORKSHEET MIXED-USE 1059 VAN KIRK PLAN-A INVESTOR OWNED ESTIMATED 2018 LOAN FACTOR LTV MORTGAGE RATE % AMORTIZATION LENDER RETURN 4.83% % $ % 360 C/C ROI % INVESTMENT % BUYER RETURN 3.75% 15.00% 25.00% NOI MARKET VALUE Acquisition CAP (THEORY) 8.58% $26,803 $312,339 CAP (ACTUAL) 8.96% $26,803 $299,000 DOUBLE-CHECK INVESTMENT MARKET VALUE ACTUAL CASH FLOW WORKSHEET PLAN-A ACQUISITION $299,000 SPACE RESIDENTIAL Commercial INVESTMENT $74,750 SQUARE FEET 1, MORTGAGE $224,250 LEASE/SF $15.00 $20.45 GPI $16,800 $18,000 INVESTMENT $74,750 VACANY 5% $840 C/C RETURN $ 16.53% GAI $15,960 $18,000 PROFIT $12,357 ADDITIONAL INCOME GAI TOTAL $33,960 NOI $26,803 EXPENSES 21.07% NNN PROFIT $12,357 $7,157 DEBT SERVICE $14,446 LOAN FACTOR NOI $26,803 MORTGAGE $224,250 DEBT SERVICE $14,446 DSCR 1.86 PROFIT $12,357 INVESTMENT $74,750 P/I C/C ROI 16.53% EXPENSES PROPERTY TAX $2,207 INSURANCE $2,400 MAINTENANCE $300 WATER-SEWER $650 ELECTRIC/ALARM $1,200 ADMIN $400 TOTAL EXPENSES 21.07% $7,157 RENT/UNIT/M $700 $1,500 Charles Balducci philadelphiacommercial@gmail.com PhiladelphhiaStructure.com All information contained in this worksheet is offered in good faith from sources deemed reliable and serves simply as a heuristic model. No further representations or warranties are given nor implied. All prospective clients should consult with their financial advisor, partner, and attorney. Although deemed accurate and useful, this information is governed by assumptions and subject to errors, omissions and changes without notice. 1

7 INVESTMENT WORKSHEET MIXED-USE 1059 VAN KIRK PLAN-A INVESTOR OWNED PRO FORMA 2019 LOAN FACTOR LTV MORTGAGE RATE % AMORTIZATION LENDER RETURN 4.83% % $ % 360 C/C ROI % INVESTMENT % BUYER RETURN 3.75% 15.00% 25.00% NOI MARKET VALUE Acquisition CAP (THEORY) 8.58% $30,303 $353,124 CAP (ACTUAL) 10.13% $30,303 $299,000 DOUBLE-CHECK INVESTMENT MARKET VALUE PRO FORMA CASH FLOW WORKSHEET PLAN-A ACQUISITION $299,000 SPACE RESIDENTIAL Commercial INVESTMENT $74,750 SQUARE FEET 1, MORTGAGE $224,250 LEASE/SF $15.00 $21.82 GPI $16,800 $19,200 INVESTMENT $74,750 VACANY 5% $840 C/C RETURN $ 21.21% GAI $15,960 $19,200 PROFIT $15,857 ADDITIONAL INCOME GAI TOTAL $35,160 NOI $30,303 EXPENSES 20.36% NNN PROFIT $15,857 $7,157 $2,300 DEBT SERVICE $14,446 LOAN FACTOR NOI $30,303 MORTGAGE $224,250 DEBT SERVICE $14,446 DSCR 2.10 PROFIT $15,857 INVESTMENT $74,750 P/I C/C ROI 21.21% EXPENSES PROPERTY TAX $2,207 INSURANCE $2,400 MAINTENANCE $300 WATER-SEWER $650 ELECTRIC/ALARM $1,200 ADMIN $400 TOTAL EXPENSES 20.36% $7,157 RENT/UNIT/M $700 $1,600 Charles Balducci philadelphiacommercial@gmail.com PhiladelphhiaStructure.com All information contained in this worksheet is offered in good faith from sources deemed reliable and serves simply as a heuristic model. No further representations or warranties are given nor implied. All prospective clients should consult with their financial advisor, partner, and attorney. Although deemed accurate and useful, this information is governed by assumptions and subject to errors, omissions and changes without notice. 2

8 Center City Philadelphia Commercial Real Estate Services PhiladelphiaStructure.com INQUIRIES: Mixed-Use Investment Opportunity 1059 Van Kirk Oxford Circle Established Mixed-Use Commercial Property For Sale on a prominent corner with high traffic counts in the Oxford Circle Area of Philadelphia. Good for either owner-occupant or investor. Gross Annual Income: $34,019 after a 5% Residential Vacancy, 21% Expenses, NOI $26,862, c/c ROI is 16.53% of a 25% cash Investment. DSCR is This leveraged model generates a 8.98% CAP at the asking price. The property contains one one-bedroom (Section-8) and one studio apartment, 1,120 TSF both with hardwood floors, good kitchen, and bath, electric heat; plus one 880 SF commercial retail space actively used as a pizzeria. Separate meters. Essentially, the present residential income covers the mortgage, so the commercial component can be managed as the money- maker. Sale of real estate only, no commercial fixtures. Existing commercial tenant is open to a negotiable exit or a renewed multi-year lease. Manifest your dream. Call for additional details, property brochure or appointment. Represented by: Pearce Vasquez: c See >>> MixedUseCommercial.com Charles Balducci, c Commercial Associate Investment & Development Specialist Pearce Vazquez c Realtor Keller Williams Center City Real Estate 1619 Walnut Street, Suite 500 Philadelphia, PA o

9 Structure PHILADELPHIA Commercial Real Estate Services For Small Business Owners and Private Investors Philadelphia 'Structure' offers professional commercial real estate services to private individuals, investors, developers, and small business entrepreneurs in the core of Center City Philadelphia. We work closely to represent buyers and sellers, lessors and lessees to protect equity and turn a profit. We maintain a keen pulse on the marketplace and develop cash flow financial models to identify an effective fit that will achieve your desired goals. If you want to locate a great new commercial property to add to your portfolio, or acquire land or a warehouse to develop contact us pronto. On the other side of the table, if you are thinking of selling a multi-family property or selling or leasing a mixed-use retail or a commercial office property, a warehouse, an industrial site, or wish to sell land for development, feel free to contact us for a no obligation consultation. CHARLES BALDUCCI PHILADELPHIASTRUCTURE.COM