5532 N 5th St, Philadelphia, PA 19120

Property Description

This is a very popular location for a long time and this property has a three-bedroom apartment on the 2nd floor ( vacant now ). basement and first floor ( occupied )and second floor. It's a great investment property where you can either have a shop on the first floor and live on the second floor or rent out both the first and second floors together. The basement has a high ceiling which is nice and there are 1 water, 1 gas, 1 electric meter and 1 hot water boiler. The first floor is about 1,600 square meters and has a rear exit. the tenant currently selling jewelry and will vacate at anytime. The jewelry inventory is unrelated to this sale and not incuded at the sale price. The first floor can be used for a wide variety of retail business or as an office. The second floor has 3 bedrooms, 1 bathroom, and 1 kitchen. The entrance is a separate door slightly inside the front of the shop. 2nd floor APT is not good condition .so it needs to fix. The first floor is extended all the way to the back, and the second floor is about 60% of the length of the first floor. The remaining 40% is 1st floor only. The first floor has central air and all heating is gas-fired. The second floor requires window-type air conditioning. It's being offered at a slightly lower price than the current market price and the building itself is being sold as-is. It's a great place to open a business or as an investment.