Excellent opportunity located in the thriving Francisville/ Fairmont area section just off of North Broad Street near intersection of Ridge and 16th. This three-story brick/ stucco building is just under 3,000 sq. ft. with around 1,000 sq. ft. on each level and 3 tenants in place. The first floor has been a salon for over 30 years and currently rented to a salon until December. The storefront has 3 sinks but can accommodate 5 in a large open area with kitchen/ break area, access to basement and to backyard/ alley for separate entrance. The 2nd and 3rd floor are both large 1-bedroom apartments with hardwood floors, updated bathrooms & kitchens, washer and dryers, very clean-living space.
The entire building was redone in 2019-2020 from top to bottom with new flooring, sheet rock, bathrooms, kitchens, roof , sewer/ electric, brick pointing & mini-split air conditioning units. All utilities are separate, electric has been upgraded throughout, and landlord pays taxes and insurance. Major development in the neighborhood with new construction all around this property in a vibrant area with plenty of upside. Rental income is below market value for the area and size of apartments making this a great add value investment or owner/ user looking to utilize the space and rent out the units.
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